Skip to main content

Single-Tenant Office

Alaska DOT Building

2720 Picket Pl, Fairbanks, AK 99709

Listing Price: $9,000,000

Cap Rate
5.66%
Gross SF
28,254
Rentable SF
28,254
Price/Gross SF
$318.54
Lot Size
2.90 acres
Year Built
2002

Investment Overview

Marcus & Millichap is pleased to present for sale the State of Alaska Department of Transportation’s Headquarters Building, in Fairbanks, Alaska. This 29,794 square foot facility was built to suit the needs of the state’s Department of Transportation in 2002 and is now available for purchase for the very first time. The facility is well located in the Fairbanks market, just east of the Fairbanks International Airport. The State of Alaska has recently renewed their commitment to the site by executing a new 10-year lease, which is set to begin in December of 2022. As a mission critical agency, The Alaska Department of Transportation and Public Facilities designs, constructs, operates and maintains the state’s transportation infrastructure systems, buildings, and other facilities used by Alaskans and visitors. The department is administratively divided into three regions: The Northern Region, headquartered in Fairbanks, is the largest, most geographically diverse, and maintains the most centerline miles of highway.

Investment Highlights

  • - Investment Grade Government Credit Tenant: State of Alaska (Moody's Aa3)
  • - Recent Commitment to The Facility. The State of Alaska has agreed to a new 10-Year lease with scheduled annual rent increases.
  • - Built to Suit Administrative Facility. The 29,794 building was purpose built, including recent tenant improvements agreed upon within the newly executed lease.

Exclusively Listed By

Broker of Record

  • Carlton Smith

    Broker Of Record

    (907) 463-4800

    License(s) REC B 10266

    Alaska

Single-Tenant Office

Alaska DOT Building

Listing Price: $9,000,000

Cap Rate
5.66%
Gross SF
28,254
Rentable SF
28,254
Price/Gross SF
$318.54
Lot Size
2.90 acres
Year Built
2002

Investment Highlights

  • - Investment Grade Government Credit Tenant: State of Alaska (Moody's Aa3)
  • - Recent Commitment to The Facility. The State of Alaska has agreed to a new 10-Year lease with scheduled annual rent increases.
  • - Built to Suit Administrative Facility. The 29,794 building was purpose built, including recent tenant improvements agreed upon within the newly executed lease.

Investment Overview

Marcus & Millichap is pleased to present for sale the State of Alaska Department of Transportation’s Headquarters Building, in Fairbanks, Alaska. This 29,794 square foot facility was built to suit the needs of the state’s Department of Transportation in 2002 and is now available for purchase for the very first time. The facility is well located in the Fairbanks market, just east of the Fairbanks International Airport. The State of Alaska has recently renewed their commitment to the site by executing a new 10-year lease, which is set to begin in December of 2022. As a mission critical agency, The Alaska Department of Transportation and Public Facilities designs, constructs, operates and maintains the state’s transportation infrastructure systems, buildings, and other facilities used by Alaskans and visitors. The department is administratively divided into three regions: The Northern Region, headquartered in Fairbanks, is the largest, most geographically diverse, and maintains the most centerline miles of highway.

Exclusively Listed By

Broker of Record

  • Carlton Smith

    Broker Of Record

    (907) 463-4800

    License(s): REC B 10266

    Alaska

MM Texture Background
MM Textured Background Lower