1330 E 2nd Ave
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1330 E 2nd Ave
18,294 SF Speciality Building Offered at £3,755,760 in Anchorage, AK 99501
Executive Summary
STRONG MARKET RENTS // Heated units from the comparable properties average $2.89 per square foot. The average unit size of Northland Maxi Vaults is 53 square feet per unit which averages $3.14 per square foot. The property currently achieves $2.34 per square foot providing immediate upside to the next owner.
OPERATIONAL UPSIDE // The current ownership has relied on drive-by traffic or word-of-mouth to maintain occupancy. There has been little to no budget allocated to advertising or driving online rentals. Recently, tenant rates were increased by 10 percent and suffered almost to no attrition and maintain rates well below market average.
RECENTLY COMPLETED CAPEX // Since 2021, the south side of the roof was replaced with a six-inch membrane, and the North Side was replaced with a seven-inch membrane in 2022, resulting in a 31 percent decrease in gas heating costs. All roof drains and Modine heater exhausts vents have been replaced, LED driving lane and exterior lights were installed.
OPERATIONAL UPSIDE // The current ownership has relied on drive-by traffic or word-of-mouth to maintain occupancy. There has been little to no budget allocated to advertising or driving online rentals. Recently, tenant rates were increased by 10 percent and suffered almost to no attrition and maintain rates well below market average.
RECENTLY COMPLETED CAPEX // Since 2021, the south side of the roof was replaced with a six-inch membrane, and the North Side was replaced with a seven-inch membrane in 2022, resulting in a 31 percent decrease in gas heating costs. All roof drains and Modine heater exhausts vents have been replaced, LED driving lane and exterior lights were installed.
Property Facts
| Price | £3,755,760 | Lot Size | 21.00 AC |
| Price Per SF | £205 | Building Size | 18,294 SF |
| Sale Type | Investment | Number of Floors | 1 |
| Property Type | Speciality | Year Built/Renovated | 1967/2024 |
| Property Subtype | Self-Storage | Parking Ratio | 1.09/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Price | £3,755,760 |
| Price Per SF | £205 |
| Sale Type | Investment |
| Property Type | Speciality |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 21.00 AC |
| Building Size | 18,294 SF |
| Number of Floors | 1 |
| Year Built/Renovated | 1967/2024 |
| Parking Ratio | 1.09/1,000 SF |
| Opportunity Zone |
Yes |
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PROPERTY TAXES
| Parcel Number | 00307324000 | Improvements Assessment | £807,097 |
| Land Assessment | £148,196 | Total Assessment | £955,293 |
PROPERTY TAXES
Parcel Number
00307324000
Land Assessment
£148,196
Improvements Assessment
£807,097
Total Assessment
£955,293
zoning
| Zoning Code | B3 General Business |
| B3 General Business |
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1330 E 2nd Ave
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