Back To Listings

Northern Lights Medical Center

1867 Airport Way
Fairbanks, AK 99701
Availability: Price:$7,000,000 Size:45,747 SF
Shipping: Marcus & Millichap is pleased to offer for sale the Northern Lights Medical Center located at 1867 Airport Way in Fairbanks, Alaska.
Pricing: $0.00
Qty:

Description





Agents

BEN TASHAKORIAN | SENIOR MANAGING DIRECTOR


Senior Director: Institutional Property Advisors (IPA)
License: CA 01333884
Dir: (858) 373-3176
Fax: (858) 373-3110
btashakorian@ipausa.com

DAVID BENJAMIN | Associate


Member: National Healthcare Group
License: CA 01934605
Dir: (858) 373-3165
Cell: (303) 386-5291
david.benjamin@marcusmillichap.com

Description

Marcus & 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.

Features

  • 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

Offering Price

$7,000,000

Net Rentable Area

45,747 SF

Price Per SF

$153.02

Cap Rate

8.48%

Land Area

6.06 AC

Details

  • 22932241
  • Office
  • Price:$7,000,000 Size:45,747 SF
  • New

Shipping Information

  • Item Requires Shipping
  • Marcus & Millichap is pleased to offer for sale the Northern Lights Medical Center located at 1867 Airport Way in Fairbanks, Alaska.

Customer Reviews

Comment Total Reviews (0)

Write the First Review!

You must login to post a review.