FIND THE RIGHT LOCATION AND FINANCING YOU NEED
915 e. 82nd avenue (29,200 square feet)
This move-in ready distribution center is uniquely suited for high-density warehouse operations. The E. 82nd Avenue property has a 32-foot ceiling warehouse space, 4 dock doors and over 22,000 square feet of warehouse. 600 Amp, 3-Phase Power. Facility was originally built for cold storage and later converted for standard warehouse use. Please click the link below for more information.
4305 OLD INTERNATIONAL AIRPORT ROAD (21,920 square feet)
This facility is located in the East Airpark of Ted Stevens Anchorage International Airport (ANC). Secure ramp access is available only one block away on South Aircraft Drive. Additionally, the building is a short 3-minute (0.9 mile) drive from international air cargo carrier operations in ANC’s North Terminal. Please click the links below for more information.
6060 Electron Drive: 15.7 Acres
This high-quality industrial site is located in an industrially-zoned area near Ted Stevens Anchorage International Airport. The nearly 16-acre site is only a 7-minute drive (3 miles) from international carrier facilities in the North Terminal of ANC. The site is graded, zoned I-2 Heavy Industrial and utilities will be fully available summer 2017. Please click the links below for more information.
W. 50th Avenue: 1.59 acres (69,300 square feet)
This shovel-ready site sits in a prime location in the East Airpark of Ted Stevens Anchorage International Airport. The site is a 2-minute drive from secure ramp access on South Aircraft Drive and a 4-minute drive (1 mile) from international carrier facilities in the North Terminal. The parcel is graded and key utilities (water, sewer, electric and natural gas) are either adjacent to the property or available less than 50’ from the property line. Please click on the links below for more information.
Capital Partners: Financing Development
Through the Anchorage Economic Development Corporation, the Alaska AeroNexus® Alliance is well connected with local lending institutions and financing entities, both private and public. Through our network, A3 can help investing businesses identify capital partners with the necessary expertise and financial resources.
Alaska Industrial Development & Export Authority (AIDEA)
Overseen by the State of Alaska, AIDEA provides financing and development services to industrial projects throughout Alaska. AIDEA has invested over $1 billion in commercial loans and $1.38 billion in conduit revenue bonds during its 50-year history. Some of the services AIDEA can provide include:
- Development-leaseback agreements
- Loan participation: long-term financing for improved project cashflow
- Conduit revenue bonds
Project Development Highlight: Federal Express Aircraft Maintenance Facility
In 1992, Federal Express realized there was a significant opportunity to improve their international operations by conducting line maintenance at ANC of their 747 fleet. AIDEA financed and developed a state-of-the-art aircraft maintenance facility at ANC for FedEx, at the cost of $30.75 million (1992 dollars). In 1995, the AIDEA-owned facility was leased back to FedEx on a 20-year lease. FedEx signed a new lease on the facility in 2015. For more information about this project, click here.
AIDEA has significant capacity to provide long-term commercial financing, by purchasing up to 90% of commercial business loans. AIDEA’s standard loan participation process allows up to $25 million in financing (loan amounts above $25 million can obtained, however AIDEA requires legislative approval to provide this). Loan terms can be up to 25 years, providing significant cash flow benefits to participating businesses. Click here to view current interest rates offered by AIDEA.
Conduit Revenue Bonds
To date, AIDEA has issued $1.38 billion in both tax-exempt and taxable bonds to finance projects across Alaska. Under the Conduit Revenue Bond Program, AIDEA serves as a conduit for the issuance of bonds on the behalf of borrowers. AIDEA has significantly flexibility to issue bonds worth up to $25 million. Bond amounts greater than $25 million can be issued, but require legislative approval.
For more information about AIDEA’s programs, see their website here.