Time Equities, Inc. (TEI) has recently acquired a valuable industrial property in Anchorage, Alaska for $9.1 million. This purchase marks TEI’s fourth investment in the thriving Anchorage area and adds to their growing portfolio in the region.
The acquisition was facilitated by TEI’s experienced team members Ami Ziff, Jonathan Kim, Grant Scott, and Eli Smith. The seller of 501 West 58th Avenue was represented by Eric Sobolik of Jack White Commercial.
According to Ziff, this acquisition presents an excellent opportunity for TEI to further solidify its presence in Anchorage as there is high demand and limited supply for industrial space in the area. With this strategic addition to their portfolio, TEI is well-positioned for long-term growth.
This site spans over 2 acres with approximately 48,001 square feet of first-floor space along with mezzanine and outdoor storage areas. Currently fully leased out to Platt Electric and Chugach Alaska Corporation , this property offers great potential for future returns on investment.
In line with its expansion plans across different regions within the US market , Time Equities’ latest acquisition showcases their commitment towards investing wisely while also contributing positively towards economic development through job creation opportunities .
