Insurance Auto Auctions

CONTACT US REGARDING THIS LISTING

Drew Hartner

Investment Advisor

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PROPERTY ADDRESS

1446 W MYSTERY AVENUE, WASILLA, AK 99654

PROPERTY INFORMATION

Price:
$2,120,653
Cap Rate:
7.50%
Term Remaining:
9+ Years
Year Built:
2014
Status:
Available

INVESTMENT HIGHLIGHTS

  • Mission Critical Facility - Only Location in the State of Alaska
  • (Tenant Must be in All 50 States to Service Most Major Accounts)
  • Absolute Net Lease - Zero Landlord Responsibilities
  • Annual CPI Escalations (3% Max)
  • Build to Suit for Insurance Auto Auctions in 2014
  • Centrally Located Along a Main Regional Artery
  • Excellent Demographics - 13%+ Projected Growth by 2023
  • 10 Years Remaining on Original 15 Year Lease
  • Local Permitting Required to Operate Ensures Strong Likelihood of Renewal
  • IAA's Business Model is e-Commerce Resistant