AS SEEN ON
Fairbanks, AK – Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, brokered the $5.75M sale of a net lease industrial property located at 3105 Industrial Avenue, Fairbanks, AK. The transaction was completed by Associate Isaac Wulff and First Vice President and Senior Director Alexander Harrold.
Matthews™ represented the seller, who was aiming to take advantage of the thriving industrial market, especially the net lease industrial sector. The sale closed at 99 percent of list price, setting a historical price per square foot record in the Fairbanks market and accomplishing the client’s goal of closing before the end of the year for tax purposes.
“Since the onset of COVID-19, the industrial market has continually grown in value and demand,” Wulff said. “Alaska has a strong and active net lease industrial market which allowed us to create a competitive bidding environment and achieve a great sale price.”
The buyer, a Seattle-based investor, recently sold a multifamily property and was interested in moving their profits into the industrial market through a 1031 Tax Deferred Exchange.
“Using our proprietary marketing platform’s email campaigns, we were able to source a buyer that was eager and qualified to purchase the Ferguson facility,” Harrold said. “This deal exceeded our client’s expectations and allowed the buyer to find a stabilized industrial asset that fit their long-term investment goals.”
Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Founded in El Segundo, CA, and strategically positioned with over 400 agents and support staff in over 13 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.
Recent Media & Thought Leadership