720 W 5th Ave - Hospitality FOR SALE


Anchorage, AK 99501
$38,000,000 USD
909-456-3481
720 W 5th Ave, Anchorage, AK for Sale
$38,000,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

720 W 5th Ave
Anchorage, AK 99501


HIGHLIGHTS

  • Well-Appointed Thirteen-Story Hotel Centrally Located in Downtown Anchorage, Alaska
  • Property can Remain Independent or be Converted to a Franchise
  • Anchorage is One of the Top Lodging Markets in the Country in Terms of RevPAR Growth
  • High Barriers to Entry in the Downtown Anchorage Market
  • Offered Below Replacement Cost
  • Nearby Attractions Include Anchorage Museum, Captain Cook Monument, Alaska Center for Performing Arts, Alaska Zoo and More

OVERVIEW

Price Reduced - HIGH RevPAR Growth Market, High Barriers to Entry. Brandon Walker // Broker of Record //Jack White Commercial // License AK REC A 17438 Property Tours Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers. Marcus & Millichap has been chosen to exclusively market for sale 720 West 5th Avenue, a 200-key hotel building located in the heart of Downtown Anchorage, Alaska. The well-appointed property offers amenities including a fitness center, business center, restaurant space and 5,500 square feet of meeting space. The offering represents the opportunity to acquire a full service highrise hotel in a growing market near several demand drivers. The Anchorage market is one of the top lodging markets in the country, in terms of RevPAR growth. This asset benefits from being located in a market with high barriers to entry, due to high replacement costs. Brandon Walker // Broker of Record //Jack White Commercial // License AK REC A 17438

FOR SALE DETAILS

PRICE

$38,000,000 USD

PRICE/SF

$264 USD /SF

# OF ROOMS

200

PRICE/ROOM

$190,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Anchorage Hotel 750 W 5th Ave

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

14

ROOM ENTRANCE

Interior

BUILDING CLASS

A

YEAR BUILT

1970

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

B2B

APN/PARCEL ID

00210140000

ASK ABOUT THIS PROPERTY

Gordon AllredMarcus & MillichapMore Info
909-456-3481

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Gordon AllredMarcus & MillichapMore Info
909-456-3481

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.