Cannabis Cultivation Property for sale in Anchorage, AK 99518

16,954 Sq. Ft office warehouse, situated on .61 acres of I1 (light industrial) zoned land, for sale in midtown Anchorage. Sale price of $2,950,000 ($174/Sq. Ft.). Perfect investment opportunity with a 10.8% caprate. The property is being leased by a well-established, long-term tenant that is currently operating multiple locations throughout Anchorage. The existing lease goes until 2030.

Building is being leased by a long-term tenant with over $400,000 in tenant improvements to the building. Tenant is the largest, by revenue, in the state in their respective industry, operating multiple locations throughout Anchorage. Tenant improvements were paid for by the tenant and per lease, are owned by the landlord with no reimbursement provisions for building upgrades. The lease commenced in 2018 and currently goes through 2030 with 3.5% annual increases. Landlord also receives percentage rent equal to 2.5% of the tenant’s annual gross sales, paid monthly. Tenants state issued operating license is tied to the building and non-transferable to another location further solidifying landlords’ prospects of renewal in 2030.