399 Helmericks Avenue
399 Helmericks Avenue, Fairbanks, AK 99701-3180
Marketing description
399 Helmericks Avenue is a Stabilized, 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 Site, With 39 Overhead Doors and Fenced Yard. The Property is Offered at $6,300,000.
A Diversified Rent Roll and ~34,600 Sf 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.
399 Helmericks Avenue is a Well-established, Multi-tenant Industrial Campus in Northeast Fairbanks. The Assembled 6.17-acre Site Comprises Four Buildings Totaling Approximately 68,325 Sf of Warehouse, Shop, and Office Space. Originally Built as a Bus Maintenance and Storage Facility and Acquired by Ofd LLC in Late 2023. The Facility Has Undergone Substantial Capital Improvements: New Roofs on a and B Warehouse Buildings, Site-wide Natural Gas Conversion, Concrete Floor Replacement, New Restrooms in Buildings B and C, and Ongoing Infrastructure Upgrades. 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. Helmericks Avenue Provides Direct Paved Access With Approximately 380 Feet of Frontage, Connecting to the Steese Highway Approximately 1 Mile to the West.
Investment highlights
- ~34,600 Sf Available Now
- 68,325 Sf Total GBA
- 6.17 Acres Site Area
- 39 Total Overhead Doors
- Available ~14,600 Sf - Building a | ~60% of Building
- Available ~20,000 Sf - Building B | Majority Available
- Leased 12,460 Sf - Building C | Fully Leased
- Available ~5,674 Sf - Building D | Office Available Now
- Two Ways to Win: Owner-user: Occupy ~34,600 Sf, Tenants Offset the Carry | Investor: 9.65% Stabilized Cap With Lease-up Upside
- Build Equity — ~$80,000 of Principal Paydown in Year One
- Control the Entire 6.17-acre Campus and Its Expansion
- Capture Lease-up Upside Toward $607,694 Stabilized NOI
- May Qualify for SBA 504 Financing — as Little as 10% Down
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