This is an unstated asking price purchase opportunity. Offers are due on August 15, 2024. O'Malley Square, in Anchorage, Alaska, is a three-story building features two solidly-performing uses: The first two floors, operating U-Haul branded Southside Storage, have their own entrance and feature 422 climate-controlled storage units with a consistent 99% +/- occupancy rate. The top floor, also with a standalone entrance, is home to well-established professional office tenants. Since late 2022, the property has been well-maintained and professionally managed under REO possession. Buyer’s are encouraged to tour this solidly performing asset and submit offers based on the present performance of the property and its significant upside. O’Malley Square was built in 2006, near the intersection of Old Seward Highway and O’Malley Center Drive. This building was designed using the unique topography of the land, allowing for professional office suites on the top floor and climate-controlled indoor storage units on a different elevation ground floor and second floor. This smart design means these different uses coexist without a sense that they share the same building. Southside Storage, the U-Haul branded mini-storage operation, has been essentially full from early in the building’s history. The top floor office portion of the building now features three main tenants, two of which have been in the building for many years. The third primary tenant, funded largely by the State of Alaska, recently signed a seven year lease. Two smaller tenants occupy other suites. While previously underachieving during under the original owner’s guidance, this REO property is now professionally managed, and revitalized. It is a fully stabilized asset with self-storage business income upside. At approximately 48,000 square feet of actual indoor storage unit space, O’Malley Square is home to one of the largest mini-storage facilities in Alaska. The original owner and operator of this facility provided U-Haul truck rentals, which was discontinued during the transition to its current REO status. Between truck rental income and storage unit insurance policies being offered to renters in the future, the present $78,000 + monthly income can be substantially increased with just these two supplemental income streams.