423 & 425 W 5th Ave

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423 & 425 W 5th Ave

Anchorage, AK 99501
Asking Price
$1.52M
Cap Rate
7%
Asset Type
Restaurant Retail
Class
Class B

What's Special

Retail | 7.00% CAP | 10,929 SqFt <ul><li>​Two-parcel assemblage offered as a single sale</li><li>​In-place cash flow from ginger restaurant — 18+ year operating history</li><li>​Vacant 2,965 sf space ideal for owner-occupant or value-add investor</li><li>​Roof and hvac replaced within past 5 years</li><li>​Directly across from 5th avenue mall</li><li>​Adjacent to club Paris restaurant</li><li>​Highest restaurant/retail sales volumes in alaska</li><li>​~7% cap rate as-is; 10%+ stabilized</li><li>​Zoning b2a supports broad range

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NOI
$80,000
Cap Rate
5.25%
DSCR
0.88
Underwater
Cash-on-Cash
-2.30%
Monthly Payment
$7,544.868
Annual Cash Flow
$-10,538.415

Location & Travel Times