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Northway Commerce Park 3101 Penland Pky 20,000 - 350,000 SF of Retail Space Available in Anchorage, AK 99508
HIGHLIGHTS
- Centrally located in Anchorage metro area, with population over 400,000 residents
- Adjacent to Merrill Field Airport, Alaska’s busiest airport, & close to Ted Stevens International Airport, the 4th busiest cargo airport in the world
- 20,000 to 100,000 SF available; build-to-suit options up to 500,000 SF
- Directly off Glenn Highway (55,818 AADT) between Mountain View Drive and Bragaw interchanges
- Prominent regional location, offering easy access to two major airports, Port of Alaska, Downtown Anchorage and Elmendorf–Richardson air force base
- Major redevelopment of former Northway Mall featuring industrial, flex warehouse, office, medical and retail
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 20,000-350,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
3101 Penland Pky - 1st Floor
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 350,000 SF | Gross Leasable Area | 354,382 SF |
| Min. Divisible | 20,000 SF | Total Land Area | 30.12 AC |
| Center Type | Regional Mall | Year Built | 1979 |
| Center Properties | 4 |
| Total Space Available | 350,000 SF |
| Min. Divisible | 20,000 SF |
| Center Type | Regional Mall |
| Center Properties | 4 |
| Gross Leasable Area | 354,382 SF |
| Total Land Area | 30.12 AC |
| Year Built | 1979 |
ABOUT THE PROPERTY
Ideally situated along Glenn Highway, this transformative development will deliver to the Anchorage metro area up to 500,000 square feet of premier industrial, flex warehouse, office, medical and retail space. The site spans between two interchanges off Glenn Highway (Mountain View Drive and Bragaw), offering unrivaled regional access and easy connectivity to Merrill Field Airport, Ted Stevens International Airport, Port of Alaska, Downtown Anchorage, Joint Base Elmendorf–Richardson and more. This redevelopment of the former Northway Mall includes build-to-suit opportunities for maximum efficiency.
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Northway Commerce Park | 3101 Penland Pky
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