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1901 N Hemmer Rd 26,000 SF 56% Leased Office Building Palmer, AK 99645 $4,885,720 CAD ($187.91 CAD/SF)



INVESTMENT HIGHLIGHTS
- the location is second to none, one mile out of Palmer in an up and coming Medical Campus Area
- Clean building well cared for and a beautiful view of Pioneer Peak mountain range
- Large well lite parking lot, large grassed area and landscaping at the building
EXECUTIVE SUMMARY
Hemmer Sale Info:
• Estimated 26,000 + sf of building space.
• Sale is “As is Purchase.”
• The left entrance side of the building is 100% leased. Total sf on left side is 13,594, with Seven suites totaling 12,393 sf of
rentable space.
• Right entrance or suite 100- Not leased- This was the former location of Alaska Club, rentable sf is
12,500. There's is an option for an additional 1600 sf on the upstairs floor, perfect for expansion if floors were
added in the racquetball courts.
• The market for Medical-Related Businesses in this area is robust. The surrounding area
has seen significant growth with the presence of Capstone Clinics, Maple Springs, and other
major medical businesses. It's quickly becoming the Seward Meridian Medical campus of the Palmer
area.
• A great purchase for owner/occupied since the left side is ready for owner upgrades.
• Original building built in 1997 by a private owner, the newer side was completed in 2008.
• The left-side rental occupants are all in the medical-related field.
• Street light access, ample paved and light parking, and major front exposure on
Palmer/Wasilla Hwy.
****Additional information and financials are available upon request and approval of seller w/signed NDA*******
*****Commission or Procurement fee - terms to be negotiated **********
• Estimated 26,000 + sf of building space.
• Sale is “As is Purchase.”
• The left entrance side of the building is 100% leased. Total sf on left side is 13,594, with Seven suites totaling 12,393 sf of
rentable space.
• Right entrance or suite 100- Not leased- This was the former location of Alaska Club, rentable sf is
12,500. There's is an option for an additional 1600 sf on the upstairs floor, perfect for expansion if floors were
added in the racquetball courts.
• The market for Medical-Related Businesses in this area is robust. The surrounding area
has seen significant growth with the presence of Capstone Clinics, Maple Springs, and other
major medical businesses. It's quickly becoming the Seward Meridian Medical campus of the Palmer
area.
• A great purchase for owner/occupied since the left side is ready for owner upgrades.
• Original building built in 1997 by a private owner, the newer side was completed in 2008.
• The left-side rental occupants are all in the medical-related field.
• Street light access, ample paved and light parking, and major front exposure on
Palmer/Wasilla Hwy.
****Additional information and financials are available upon request and approval of seller w/signed NDA*******
*****Commission or Procurement fee - terms to be negotiated **********
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
26,000 SF
Building Class
B
Year Built
2008
Price
$4,885,720 CAD
Price Per SF
$187.91 CAD
Percent Leased
56%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
13,594 SF
Building FAR
0.28
Lot Size
2.13 AC
Zoning
3
Parking
70 Spaces (2.69 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
1 1
PROPERTY TAXES
| Parcel Number | 1894B01L010 | Improvements Assessment | $2,498,438 CAD |
| Land Assessment | $285,436 CAD | Total Assessment | $2,783,874 CAD |
PROPERTY TAXES
Parcel Number
1894B01L010
Land Assessment
$285,436 CAD
Improvements Assessment
$2,498,438 CAD
Total Assessment
$2,783,874 CAD
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Presented by
Sydnee Properties, LLC
1901 N Hemmer Rd
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