Investment Overview

Marcus & Millichap's Brown Retail Group has been exclusively selected to market for sale a two-property NNN medical portfolio in Fairbanks, AK. Both properties have been renovated specifically to suit the needs of Fairbanks Urology, Northern Alaska’s premier Urology/ Oncology provider. Both sites are 100% leased to the Fairbanks Urology practice, which is owned and backed by Integrated Oncology Network (ION), a leading national healthcare provider consisting of over 55 Oncology/Urology clinics across the U.S. The facilities are located just under a mile away from each other in Downtown Fairbanks. The 1211 Cushman St. property recently underwent an extensive $3.85M+ renovation and signed a new ten-year NNN lease in 2022. The 819 1st Ave property recently underwent a $300,000 renovation and signed a ten-year lease in 2020. Both properties feature rare, 3% annual rent increases resulting in an above 10% cap rate by 2029. Fairbanks Urology is the only standalone urology practice outside of the Anchorage MSA in all of Alaska; providing vital services to all of central and northern Alaska. The properties benefit from an affluent population with household incomes exceeding $101,000 within a 5-mile radius.