• 0 / 0
  • 280
  • 1992
  • 1.83
Active Status
Check Drive Time
See how long it takes to get to work. Change

This is an excellent investment opportunity! Leased since 1998 to Value Village, a global thrift retailer, with the only responsibilities to the owner: the roof & structure maintenance. The current lease term ends in July 2023 with 2 remaining 5-year options at fair market value. During the economic recession the lease was re-negotiated down from $1.125/SF/Month ($13.50/SF/Year) to the current $0.626/SF ($7.52/SF/Year). At lease renewal, the new owner will have the opportunity to substantially raise the rent to fair market rents and increase the return.

Address: 3023 AIRPORT WAY
State: AK
City: Fairbanks
Zip Code: 99701
MLS#: 136946

Price History

Date Price Event Change MLS#:
4/17/2018 $2,080,000 List Price 136946

Nearby Schools

Open Arms Lutheran Child Development Center(Preschool-K)
Raven Correspondence School(K-12)3
Spruce Tree Montessori School(Preschool-K)
Fairbanks Montessori Association(Preschool-K)
Denali Elementary School(K-6)
University Park Elementary School(K-6)
Raven Correspondence School(K-12)3
Denali Elementary School(K-6)
Ryan Middle School(7-8)
University Park Elementary School(K-6)
Raven Correspondence School(K-12)3
Hutchison High School(9-12)4
West Valley High School(9-12)3
Lathrop High School(9-12)3

Interior Details

  • Appliances:
  • Features:
  • Furnished:
  • Floor Type:
  • Cooling:
  • Heating:
  • Fuel:Natural Gas
  • Extras:Sprinkler System,Inside Storage
  • Other Rooms:

Exterior Details

  • Home Construction
  • Features:
  • Exposure:
  • Roof Type:
  • Garage Spaces:
  • Pool:No
  • Utilities:Public Water,Public Sewer,Electric,Phone,Internet
  • Lot Description:2
  • Parking:94

Community Details

Rental Information

  • Rental Income:$0
  • Rental Number:0
  • Directions:The property is located just off Airport Way. Turn south on Market Street and West on Airport Frontage road and enter South to parking lot. Building is behind Batteries Plus Bulbs and next to Sears.
Property Information Last Updated: 1/23/2019 9:12:43 AM