405, 409 College Road


LOCATION SAYS IT ALLPerfect for owner user or as an investment, less than $105 a sq ft. The property is in Fairbanks AK just right off the Johanson Express Way, one block west on College Road. 10,000 cars per day drive by this spot. Two buildings are being offered for sale, 409 – 405 College Road. Unit 405 is 3,654 sq. ft.409 College Road has 4 separate retail units. Each unit is approximately 966 sq ft and all the units are currently leased. Units are very easy to rent out. All tenants pay their own electric. The building is heated with an oil fueled boiler – hot water base-board provides heat in each unit. There is a parking lot to the west of 409. There is designated head-bolt parking, lighted signs above each door, cable internet ready. Property is professionally managed and well maintained.
405 College Road is a warehouse/office retail space. The warehouse has 1,646 sq ft of space and the attached office/retail space has approximately 1,615 sq ft. The building is heated with an oil fueled boiler – there is radiant heat throughout the unit. Parking is provided at the east and west end of the buildings and in front. A local utility company provides all service to the boiler. Cap rate of 9.6, priced at $700,000.00.

Lot Seventeen ‘A’ (17A), Block Twenty-Two (22), LEMETA Subdivision, according to the replat filed September 21,1979 as plat number 79-184; Records of the Fairbanks Recording District, Fourth Judicial District, State of Alaska; Lots Nineteen ‘A; one (19-A-1) and Twenty-Two ‘A’ one (22-A-1) Block Twenty-Two (22), LEMETA SUBDIVISION, according to the plat filed September 3, 1985 as Plat Number 85-20

Price: $700,000
Address:405 College Road
County:Fairbanks North Star
Zip Code:99701
Year Built:2004
Square Feet:6,784
Lot Square Feet:0.590 acres

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