1330 E 2nd Ave
Anchorage, AK 99501 Mountain View

18,000 sf energy efficient, multi purpose warehouse near downtown Anchorage.  This is not tin sheds on a slab.  Building is in excellent condition with 2022 new membrane roof installed with 7" of closed cell insulation lowering heating bills by 31%.  2022 new exterior metal facade to improve curb appeal, LED lighting and new office furnace.  8 Modine unit heaters are 10 years into an expected 45 year life span.  No major capex spending needed for 30 years.  Unique drive through design is loved by our customers in the winter.  360 total units with 60 new "cube" units with 10 currently rented and 300 larger units with 42 units vacant yielding an 86% occupancy.   One full time manager who does all minor maintenance.  Owner has operated from Arizona for 23 years, visiting the property three times per year.  Onsite full service apartment used for owner visits but could be rented adding $14,000 additional NOI per year at no additional cost.  Possible managers apartment as well.  High security with alarm system and 21 onsite cameras.