4950 Taku Dr
Anchorage, AK 99508
Luna Health Group · Health Care Property For Sale · 47,736 SF Total

The Boulder Group and Blueprint Healthcare Real Estate Advisors are pleased to collaborate and exclusively market for sale a single tenant net leased substance abuse treatment and behavioral health portfolio campus located in Anchorage, Alaska. The properties are leased to Luna Health Group, under a 15-year initial term which was effective in 2024. Luna has a detailed capital plan to invest approximately $3,700,000 million of their own capital into the real estate improvements which is further allocated below. The lease is absolute triple net, requiring no landlord responsibilities, and includes 3% annual rent escalations throughout the primary term and two 5-year renewal options.
The offering includes a coordinated network of “campus model” behavioral health facilities totaling nearly 43,000 square feet across inpatient, outpatient, transitional housing, and veteran-focused care. The ?agship 75-bed residential treatment center at 5000 Taku Drive will offer sub-acute detoxi?cation care and residential substance abuse and co-occurring mental health services wrapped with 24/7 nursing and clinical programming. This real estate asset will be undergoing approximately $1.5M (of the $3.7M) of tenant improvements which are scheduled to be completed around Q2 of 2026. The tenant already has existing licensure in place to provide services once capital improvements are complete and certi?cate of occupancy is issued. Nearby, 4950 Taku Drive will provide outpatient therapy and group programming for patients stepping down from residential care, while 101 Bunnell Street will deliver structured transitional housing with supportive services for up to 80 patients. Both 4950 Taku and 101 Brunnell assets have provisional licensure and will receive approximately $2.2M (of the $3.7M) of tenant improvements and are scheduled to be completed by Q4 2026. Rounding out the full continuum campus is 102 Stewart Street, which currently offers seven fully furnished double-occupancy units (14 beds) dedicated to extended-stay partial hospitalization care for veterans. 102 Stewart is currently operational and serving patients and will not require further capital improvements from the tenant.
The behavioral healthcare campus is strategically positioned along Taku Drive, which sees approximately 9,000 vehicles per day, with added visibility from the Glenn Highway carrying more than 59,000 vehicles per day. Over 134,000 residents live within a ?ve-mile radius, forming an affluent community with average household incomes above $107,000. The location is minutes from Joint Base Elmendorf–Richardson, a major combined U.S. Air Force and U.S. Army installation supporting roughly 40,000 military-affiliated personnel. The site also bene?ts from proximity to four major hospitals within a three-mile radius: Joint Base Elmendorf-Richardson Hospital (65 beds), Alaska Regional Hospital (250 beds), Providence Alaska Medical Center (401 beds), and Alaska Native Medical Center (182 beds). Additionally, the property is just ten minutes from both the University of Alaska Anchorage and Alaska Paci?c University.
Luna Health Group is a behavioral health organization providing high-quality, client-centered treatment for substance use disorders across multiple states and locations including Alaska. Luna’s integrated care model unites medical, clinical, and operational excellence to create safe and effective recovery environments. The organization delivers a full continuum of care, including medical detoxi?cation, residential treatment, partial hospitalization (PHP), intensive outpatient programs (IOP), and outpatient services with active facilities in Alaska, Indiana, and Colorado and additional expansion planned through 2026. Multidisciplinary teams of medical providers, licensed clinicians, case managers, group facilitators, and behavioral health technicians collaborate to support clients at every level of care.