203 W 15th Avenue

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203 W 15th Avenue

Anchorage, AK 99501
Asking Price
$1.48M
Asset Type
Creative Office Retail
Class
Class B

What's Special

Well-located downtown office property offering renovation and repositioning opportunities. <ul><li>​<strong>14,879 SF office building</strong> situated on approximately <strong>0.64 acres</strong></li><li>​<strong>Prime corner location</strong> at W 15th Avenue and C Street</li><li>​<strong>Downtown Anchorage location</strong> with excellent visibility and access</li><li>​<strong>RO (Residential Office) zoning</strong></li><li>​Existing layout includes numerous private offices and flexible workspace</li><li>​On-site parking</li><li>​Suitable for owner-users, investors, nonprofits, pro

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NOI
$80,000
Cap Rate
5.42%
DSCR
0.91
Underwater
Cash-on-Cash
-1.71%
Monthly Payment
$7,297.495
Annual Cash Flow
$-7,569.943

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