Description
LARGE COMMERCIAL/INDUSTRIAL SITE ON HELMRICKS AVENUE. IMPROVEMENTS INCLUDE: WAREHOUSE A 24,161 SQ. FT. WAREHOUSE B 21,972 SQ. FT WAREHOUSE C 11,500 SQ. FT OFFICE BUILDING 5,674 SQ. FT 399 HELMRICKS AVENUE IS A STABLIZED, MULTI TENANT INDUSTRIAL CAMPUS IN NORTHEAST FAIRBANKS. FOUR BUILDINGS TOTALING 68,325 SF OF WAREHOUSE, SHOP, AND OFFICE SPACE ON AN ASSEMBLED 6.17 ACRE LOT, WITH 39 OVERHEAD DOORS AND FENCED YARD. DIVERSIFIED RENT ROLL AND 34,600 SQ. FT OF IMMEDIATELY AVAILABLE SPACE CREATE TWO DISTINCT PATHS TO VALUE - A CASH - FLOWING INVESTMENT WITH LEASE-UP UPSIDE, OR AN OWNER-OCCUPIED HOME BASE THAT EXISTING TENANTS HELP PAY FOR. ORIGINALLY BUILT AS A BUS MAINTENANCE AND STORAGE FACILITY AND ACQUIRED BY OFD LLC IN LATE 2023. THE FACILITY HAS UNDERGONE SUBSTANTIAL CAPITAL IMPROVMENTS; NEW ROOFS ON A DN B WAREHOUSE BUILDINGS, SITE-WIDE NATURAL GAS CONVERSION, CONCRETE FLOOR REPLACEMENT, NEW RESTROOMS IN BUILDINGS B AN DC AND ONGOING INFRASTRUCTURE UPGREADES. NINE TENANTS ARE CURRENTLY ACTIVE ACROSS AUTO REPAIR, RECREATION, EXPEDITION SERVICES, SIGN FABRICATION, AND PROFESSIONAL OFFICE. THE PROPERTY SITS ADJACENT TO ALASKA RAILROAD CORPORATION RIGHT-OF-WAY WITH ACTIVE RAIL SPURS ALONG THE SOUTH BOUNDARY.
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0BEDS
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6.17ACRES
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0BATHS
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01/2 BATHS
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68,325SQFT
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$92$/SQFT
School Ratings & Info
Description
LARGE COMMERCIAL/INDUSTRIAL SITE ON HELMRICKS AVENUE. IMPROVEMENTS INCLUDE: WAREHOUSE A 24,161 SQ. FT. WAREHOUSE B 21,972 SQ. FT WAREHOUSE C 11,500 SQ. FT OFFICE BUILDING 5,674 SQ. FT 399 HELMRICKS AVENUE IS A STABLIZED, MULTI TENANT INDUSTRIAL CAMPUS IN NORTHEAST FAIRBANKS. FOUR BUILDINGS TOTALING 68,325 SF OF WAREHOUSE, SHOP, AND OFFICE SPACE ON AN ASSEMBLED 6.17 ACRE LOT, WITH 39 OVERHEAD DOORS AND FENCED YARD. DIVERSIFIED RENT ROLL AND 34,600 SQ. FT OF IMMEDIATELY AVAILABLE SPACE CREATE TWO DISTINCT PATHS TO VALUE - A CASH - FLOWING INVESTMENT WITH LEASE-UP UPSIDE, OR AN OWNER-OCCUPIED HOME BASE THAT EXISTING TENANTS HELP PAY FOR. ORIGINALLY BUILT AS A BUS MAINTENANCE AND STORAGE FACILITY AND ACQUIRED BY OFD LLC IN LATE 2023. THE FACILITY HAS UNDERGONE SUBSTANTIAL CAPITAL IMPROVMENTS; NEW ROOFS ON A DN B WAREHOUSE BUILDINGS, SITE-WIDE NATURAL GAS CONVERSION, CONCRETE FLOOR REPLACEMENT, NEW RESTROOMS IN BUILDINGS B AN DC AND ONGOING INFRASTRUCTURE UPGREADES. NINE TENANTS ARE CURRENTLY ACTIVE ACROSS AUTO REPAIR, RECREATION, EXPEDITION SERVICES, SIGN FABRICATION, AND PROFESSIONAL OFFICE. THE PROPERTY SITS ADJACENT TO ALASKA RAILROAD CORPORATION RIGHT-OF-WAY WITH ACTIVE RAIL SPURS ALONG THE SOUTH BOUNDARY.