Anchorage, Alaska (September 30, 2015) – Graham Commercial Real Estate and CEO Chad Graham has successfully sold a warehouse property located at Lake Otis Parkway, Anchorage. The property has been on the market for over two years and has been previously listed by two different commercial real estate brokerages. After the property was handed over to Graham Commercial Real Estate, the company was able to put in under contract in just 39 days. The contract was closed 90 days later and the property was sold for $890,000.
The property is located at 6614 Lake Otis Parkway, Anchorage, AK 99507. It is a 5,650 square foot single story shop/warehouse originally built in 1984. It stands on a 15,000 square foot lot and has an adjoining 15,000 square foot fenced and paved lot, making up a total lot size of 30,000 square feet. It also has four overhead doors. In terms of building space, the property is larger than the average auto repair facilities in the area that have an average lot size of only about 5,704 square feet.
The warehouse is located in a B-3 neighborhood which has plenty of amenities within a 1-mile radius from restaurants and shopping centers to arts & entertainment studios and schools. There are also plenty of owner-occupied homes and multi-unit buildings nearby.
With Chad Graham’s experience as a commercial real estate agent since 2000, the property was successfully sold within months and at a better price. Previous listings indicated that the warehouse was put on the market for $373,959 and $795,000 respectively by the two different commercial real estate brokerages before Graham Commercial Real Estate took over. The Lake Otis property is currently leased to an auto body repair shop. Included with the sale is a Memorandum of Agreement (MOA) approved automotive paint booth.
For more information on what Chad Graham and his team can do for you, visit www.GrahamAK.com.
About Graham Commercial Real Estate
Graham Commercial Real Estate is a commercial and investment property company located in Anchorage, AK. Chad Graham founded the company and also serves as the CEO. He is a Certified Commercial Investment Member (CCIM), a member of the National Association of Realtors, and an exclusive member of the Top 40 Under 40, the International Council of Shopping Centers (ICSC), the Institute of Real Estate Management (IREM), and the Building Owners and Managers Association (BOMA).