Single-Tenant Office
Alaska DOT Building
2720 Picket Pl, Fairbanks, AK 99709
Listing Price: $9,000,000
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
Listing Price: $9,000,000
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

