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814 W Northern Lights BlvdAnchorage, AK 99503
Diamond Self Storage
Asset ClassSelf Storage
Owned SF49,754
Cap Rate: 6.75%Land: 1.47 AcresOccupancy: 91%Access Data Room
overview of deal

Overview

Diamond Self Storage presents an institutional-quality mixed-use storage and office/warehouse investment opportunity in the heart of Anchorage, Alaska. Situated along West Northern Lights Boulevard, a major arterial in Central Anchorage, the property combines 49,754 square feet of well-maintained improvements across 1.47 acres. Adjacent to Turnagain, one of the most affluent neighborhoods in Anchorage. The facility includes 21,693 square feet of premium interior heated storage and 18,195 square feet of stabilized office/warehouse space, offering diversified and steady income streams. With 91% storage occupancy and 100% leased office space, the asset delivers a strong in-place income profile with proven operational stability. Currently generating an annualized NOI of approximately $303,343, Diamond Self Storage offers investors a compelling opportunity to capture continued rent growth and operational upside in an undersupplied Anchorage self-storage market characterized by high demand and barriers to entry.

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Investment Highlights

Occupancy
91%
Retail SF
18,195
Rentable SF
21,693

High-Demand Heated Storage:

Premium interior units with stable occupancy.

Fully Leased Office/Warehouse:

Reliable and diversified revenue stream with 18,195 sqft to work with.

Value-Add Upside:

Rent optimization and ancillary income growth opportunities.

Strong Market Fundamentals:

Undersupplied Anchorage submarket with 4.6 SF per capita.

Prime Locations:

Central Anchorage arterial with excellent visibility and accessibility.

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814 W Northern Lights BlvdAnchorage, AK 99503

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