Listed by David Pruhs • PRUHS REAL ESTATE GROUP
$6,300,000
Est. payment /mo
68,325 SqFt
Active
399 HELMERICKS AVENUE Fairbanks, AK 99701
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Key Details
Property Type Commercial
Sub Type MULTI-PURPOSE
Listing Status Active
Purchase Type For Sale
Square Footage 68,325 sqft
Price per Sqft $92
Subdivision Ak
MLS Listing ID 160626
Year Built 1970
Lot Size 6.170 Acres
Acres 6.17
Property Sub-Type MULTI-PURPOSE
Property 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.
Location
State AK
Area North Fairbanks
Zoning General Use District - 1
Direction HELMRICKS AVENUE, PROPERTY ON THE SOUTH SIDE EAST OF COLD SPOT FEEDS, WEST OF FRED MEYER
Interior
Heating FORCED AIR, HOT WATER BASEBOARD
Exterior
Total Parking Spaces 100