Northern Lights Medical Center
Fairbanks, AK 99701
- Offering Price
- Net Rentable Area
- Price Per SF
- Cap Rate
- Land Area
DescriptionMarcus & Millichap is pleased to offer for sale the Northern Lights Medical Center located at 1867 Airport Way in Fairbanks, Alaska. This offering is comprised of 45,747-square feet of medical offices, situated in close proximity to the 159-bed Fairbanks Memorial Hospital.
The Northern Lights Medical Center consists of two medical office buildings. The first is a two story, multi-tenant medical office building which is anchored by nationally credit-rated Dignity Health, Fairbank’s U.S. Healthworks Urgent Care Facility. A pharmacy and optometrist are among the other tenants in this attractive elevator-served building. The second building is fully occupied by another nationally credit-rated tenant, Fresenius Medical Care. Dignity Health occupies 28% of the property’s rentable area, while Fresenius occupies 18%. The remainder of the center is occupied by a diverse mix of specialized medical practices.
The subject property is located one of Fairbank’s major throughways known as Airport Road, or Highway 3 to the locals. It is also situated within close proximity to the Interstate 4. With a prime location, 91% occupancy and solid, nationally credit-rated anchor tenants, the subject property offers investors stable income from this attractive real estate investment.
- 45,747-Square Foot, Multi-Tenant, Medical Office Building
- 46% Leased to Nationally Credit-Rated Dignity Health and Fresenius Medical Care
- Stabilized Investment – 91% Occupied
- Close Proximity to the 159-Bed Fairbanks Memorial Hospital
Net Rentable Area
Price Per SF
- Item Requires Shipping
- Marcus & Millichap is pleased to offer for sale the Northern Lights Medical Center located at 1867 Airport Way in Fairbanks, Alaska.
Total Reviews (0)
Write the First Review!
You must login to post a review.