top of page
Search
  • hughjwade

Regan Building

Is it Regan or Reagan?


Spire Commercial’s newest listing is the Regan Building, located just outside Wasilla city limits and not to be confused with the Reagan Building in Washington D.C. (Did you know the Ronald Reagan Building and International Trade Center in D.C. was the first federal building in D.C. designed for both governmental and private sector purposes? Consider that your trivia fact of the day!) 


The highlights:

  • 3161 E. Palmer-Wasilla Highway, Wasilla, AK 99654

  • Price = $2,300,000

  • Building Size = 13,800sf

  • Lot Size = 68,448sf

  • Pro Forma 

  • Gross Annual Rents = $333,072

  • Net Operating Income = $188,598

  • Cap Rate at Price = 8.2%

  • 12,014 average annual daily traffic counts

  • Neighbors

  • Camper Valley RV

  • Mat-Su Public Health Center

  • U.S. Postal Service

  • Fastenal

  • ARG Industrial

  • Ferguson Plumbing Supply

  • North Bowl


This building has had a top-notch owner-manager, so there is little to no deferred maintenance and a roaster of quality and happy tenants (a dental office, accredited homeschool firm, hairdresser, etc.). Despite this property’s great cash flow and thus attractiveness for underwriting and financing, there is ample square footage for an owner-occupant at this time.

Location! I haven’t even talked about the location. As the saying goes in real estate, “location, location, location,” the Regan Building is a great location. Situated between the two largest communities in the Mat-Su Borough, the future owner of this property will be able to tap into Wasilla and Palmer, the fastest-growing area of Alaska. While many Alaskan communities wrestle with negative net-out migration, this area has bucked the trend, attracting population, development, redevelopment, events, and more.


If you’d like to dive in further, you can learn more at https://www.thereganbuilding.com/ (it’s worth clicking on for the stellar drone video and property photos alone).


Hugh and I are very excited to represent our client in the sale of this property. We’re obviously biased, but, we think it has a lot to offer and encourage phone calls and further inquiry.


-Ryan


Photo of the Reagan Building below



Kommentare


bottom of page