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31392748
31392747

814 W. Northern Lights Blvd, Anchorage, AK 99503 For Sale

RL
WA WA 27102, ID ID DB56923
American RE Associates, Inc.
HW
AK 17280
SPIRE COMMERCIAL
RS
AK 194501
Spire Commercial Real Estate
Listed by American RE Associates, Inc., SPIRE COMMERCIAL, Spire Commercial Real Estate
$4,500,000
255 days on market
Updated 38 days ago
Opportunity zone

Diamond Self Storage

Details
APN 01001460000
Property Type Self Storage
Sub Type Office
Square Footage 49,754
Net Rentable (SqFt) 40,805
Units 104
Cap Rate 6.74%
NOI $303,343
Occupancy 91%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 8.25%
Pro-Forma NOI $371,421
Price per SqFt $90
Broker Co-Op Yes
Class B
Year Built 1968, 2007
Year Renovated 2021,2024
Buildings 2
Stories 2
Acreage 1.640
Zoning B3
Parking Spaces 12 spaces
Parking per 1,000 SqFt 0.24
Investment Type Stabilized
Occupancy Date 10/28/2025
Ground Lease No

Self Storage | 95% Occ | 6.75% CAP

Marketing description

Diamond Self Storage presents an institutional-quality mixed-

use storage and office/warehouse investment opportunity in

the heart of Anchorage, Alaska. Situated along West Northern

Lights Boulevard—a major arterial in Central Anchorage—the

property combines 49,754 square feet of well-maintained

improvements across 1.64 acres. Adjacent to Turnagain one of

the most affluent neighborhoods in Anchorage

The facility includes 21,693 square feet of premium interior

heated storage and 18,195 square feet of stabilized

office/warehouse space, offering diversified and steady

income streams. With 91% storage occupancy and 100%

leased office space, the asset delivers a strong in-place

income profile with proven operational stability.

Currently generating an annualized NOI of approximately

$303,343, Diamond Self Storage offers investors a compelling

opportunity to capture continued rent growth and operational

upside in an undersupplied Anchorage Self storage market

characterized by high demand and barriers to entry

Investment highlights

High-Demand Heated Storage:

  • Premium interior units with +95% Occupancy
  • Fully Leased Office/Warehouse: 100% Occupancy
  • Rent optimization and ancillary income growth opportunities.
  • Undersupplied Anchorage submarket with 4.6 SF per capita.
  • Central Anchorage arterial with excellent visibility and accessibility
  • Main Anchorage Artial frontage ADT +17,000
  • Adjacent to Turnagain, one of the most affluent neighborhoods in Anchorage

Listing Contacts

RL
WA WA 27102, ID ID DB56923
American RE Associates, Inc.
HW
AK 17280
SPIRE COMMERCIAL
RS
AK 194501
Spire Commercial Real Estate
Listed by American RE Associates, Inc., SPIRE COMMERCIAL, Spire Commercial Real Estate

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$303,343.00
$25,278.58/mo

Valuation Metrics

0
DSCR
6.74%
Cap Rate
6.74%
ROI

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