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Solar Building 441 W 5th Ave 34,389 SF 100% Leased Office Building Anchorage, AK 99501 $8,985,495 CAD ($261.29 CAD/SF) 9.09% Cap Rate
Investment Highlights
- Centrally located in Downtown Anchorage
- Numerous upgrades have been completed over the years
Executive Summary
The Solar Building is a 5-Story Office Building located in the heart of Downtown Anchorage. Situated at the corner of 5th and E Street the building is directly across from Town Square/Performing Arts Center, Anchorage Convention Center and the 5th Ave mall. The Zelener Group has owned this building since 2010 and have invested over $2.2 million dollars in Renovations and Tenant Improvements. Some of the Current Tenants include Fat Ptarmigan Pizza, Anchorage Cider House, Wild Scoops Ice-cream and established office tenants.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
34,389 SF
Building Class
A
Year Built/Renovated
1962/2013
Price
$8,985,495 CAD
Price Per SF
$261.29 CAD
Cap Rate
9.09%
NOI
$816,357 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
6,130 SF
Building FAR
5.26
Lot Size
0.15 AC
Zoning
B2A
Parking
4 Spaces (0.12 Spaces per 1,000 SF Leased)
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Very walkable
80/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 00210508000 | Improvements Assessment | $2,785,174 CAD |
| Land Assessment | $668,261 CAD | Total Assessment | $3,453,434 CAD |
Property Taxes
Parcel Number
00210508000
Land Assessment
$668,261 CAD
Improvements Assessment
$2,785,174 CAD
Total Assessment
$3,453,434 CAD
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Solar Building | 441 W 5th Ave
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