2371 Dewitt Drive

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2371 Dewitt Drive

North Pole, AK 99705
Asking Price
$850K
Asset Type
Flex Office
Class
Class B

What's Special

Own your shop, let the tenant pay the mortgage — 5,400 SF of 2023-built flex with $22,800/yr in-plac <ul><li>​3,360 SF shop with three 20'x54' bays</li><li>​14'x14' overhead doors on electric operators</li><li>​Radiant in-floor heat via Buderus oil-fired boiler</li><li>​Ceiling-mounted natural gas makeup air heater</li><li>​2x8 wall construction with standing seam metal interior walls</li><li>​Five 220V outlets</li><li>​LED lighting throughout with exterior photocell fixtures</li><li>​1,080 SF office — front office, kitchenette/lounge, half bath</li><li>​1,080 SF upstairs 2BD/1BA apartment with

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NOI
$80,000
Cap Rate
9.41%
DSCR
1.59
Strong
Cash-on-Cash
11.58%
Monthly Payment
$4,205.336
Annual Cash Flow
$29,535.965

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