5225 Juneau Street and Alaska Wild Berry Products For Sale

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and Alaska Wild Berry Products For Sale Alaska Wild Berry Products - Building & Business $4,500,000 Robert Martin, CCIM Broker (907) 229-8681 Bob@RavenwoodRealEstate.

1 and Alaska Wild Berry Products For Sale Alaska Wild Berry Products - Building & Business $4,500,000 Robert Martin, CCIM Broker (907) Bob@RavenwoodRealEstate.com Ravenwood Real Estate Old Eagle River Road Eagle River, AK (907) Joseph Miller, CCIM Associate Broker (907) AlaskaInvestments@gmail.com RE/MAX Dynamic Properties 3350 Midtown Place Anchorage, AK (907)

2 EXECUTIVE SUMMARY The offering is the Alaska Wild Berry Products property and business located at in. Alaska Wild Berry Products (AWBP) has been the state s leader in manufacturing jams, jellies, syrups and chocolate products which have delighted Alaskans, tourists and dedicated customers worldwide. The property consists of a two-story, 30,540 square foot retail/office/warehouse structure situated on a 87,001 square foot (1.99 acre) lot zoned for light industrial. The business consists of all assets, FF&E/s, recipes, logos, designs and its own Ulu production shop. The property and business can be sold together or separately. Address:, Legal Description: Wildberry Subdivision Lot 1 Sale: $4,500,000 Building Size: Lot Size: Utilities: Zoning: Owner: 30,540 square feet (as per Municipality of Anchorage) 87,001 square feet Sewer, water, natural gas and electric are all on site. I-1 (light industrial district) Alaska Wild Berry Products, Inc. Asset List: Available upon request Robert Martin, CCIM Joseph Miller, CCIM Broker (907) Bob@RavenwoodRealEstate.com Associate Broker (907) AlaskaInvestments@gmail.com Ravenwood Real Estate Old Eagle River Road Eagle River, AK (907) RE/MAX Dynamic Properties 3350 Midtown Place Anchorage, AK (907)

ALASKA WILD BERRY PRODUCTS The Property This building was originally constructed in 1994 and a warehouse addition was completed in 2003.

3 ALASKA WILD BERRY PRODUCTS The Property This building was originally constructed in 1994 and a warehouse addition was completed in Wood frame on a concrete block foundation, the primary entrance point is located on the west side of the facility and leads into a foyer set with benches and facing a large chocolate fountain. The retail area spans the east side of the building, with different areas selling unique items. Behind the retail areas there is a sections of glass partitions through which it is possible to observe the production of the various chocolate and wild berry products. Beyond the glass partition are further production areas, walk-in coolers and freezers and a warehouse area. The second floor is utilized for overstock storage and office space. The second floor office build out is of typical Class B quality, however the storage is bare, with plywood floors and unpainted walls. The interior finish of the primary structure is fairly typical of good quality retail and office space in Anchorage. The flooring is consists of painted concrete and wood flooring in the retail sections of the building, exposed concrete in the processing and warehouse and low loop commercial grade carpet in the office areas. Ceilings are vaulted, exposed and painted metal beam system with mounted incandescent track lighting in the retail areas and fluorescent fixtures in the rest of the building. Walls are a stained wood paneling in the retail areas, painted drywall in the processing and warehouse areas (some processing areas have a special easy to clean wall material). The common area restrooms are finished with tile flooring and painted and textured walls. The retail/warehouse is heated by a gas fired boiler serving baseboard and suspended unit heaters. The building is protected by a fire sprinkler system. There is 3 phase power to the building. The warehouse has 2 overhead doors, 10 x 9 and 10 x 14. The subject s immediate neighborhood has a mix of commercial uses with some light industrial. Land to the northeast has two Class B office buildings and a Class A office/campus for the Aleutian Pribilof Islands Association. To the east is a warehouse and a tire store. To the west across Juneau Street is the Sourdough Mining Co. restaurant. To the northwest is, Continental Motors car dealership. Across from Continental is the Peanut Farm Restaurant. And, on the lot immediately adjacent to the south is the Wesleyan Church. Access to the property is from International Airport Road, an east-west arterial that begins at the Ted Stevens Anchorage International Airport and ends at the Seward Highway frontage road just east of the subject property. The frontage road, also known as Homer Drive, begins at Tudor Road and extends south to end at Dimond Boulevard. It provides convenient connections between the ramps of the Seward Highway. Tudor Road, a short distance north of the subject, is a primary east-west arterial connecting Minnesota Drive to Muldoon Road, and intersecting nearly every major north-south thoroughfare in Anchorage. Dowling Road, to the south, is a similar arterial. Old Seward Highway is just west of the subject. This fourlane secondary arterial begins near 36th Avenue and extends to the south end of the Anchorage Bowl. It intersects with all east-west arterials in Midtown and South Anchorage.

ALASKA WILD BERRY PRODUCTS The Business The Wild Berry Chocolate Factory has some of the state s most delicious chocolates including jelly center chocolates, fudge and Fireweed jelly.

Wild Berry Products started in 1946 with just a few items and have since expanded to nineteen jams and jellies, six syrups and sauces, dozens of chocolates and fudges, and other candies as well.

4 ALASKA WILD BERRY PRODUCTS The Business The Wild Berry Chocolate Factory has some of the state s most delicious chocolates including jelly center chocolates, fudge and Fireweed jelly. The Gift Shop sells a variety of Alaskan made products like Jams, Jellies, Salmon Treat and Meats, Ulu s, Ornate Wooden Bowls, and Alaska featured Apparel. Wild Berry Products started in 1946 with just a few items and have since expanded to nineteen jams and jellies, six syrups and sauces, dozens of chocolates and fudges, and other candies as well. That great tradition continues today 70 years later. Their berries come from all corners of the state and their goal remains the same: to bring the taste of delicious and wild Alaskan berries to as many people as possible. This business truly has an unlimited potential and a path forward for a new buyer to expand this business to reach the out of state clients demanding Alaska products. The Property and the Business The building was designed around the business requirements and laid out to meet the most efficient production process. The facility has an open flow for retail customers, plus two viewing areas for the customers to view the production process. It also has excellent parking and plenty of room for expansion. In addition to existing relationships with customers, venders and suppliers, they have highly trained and experienced employees willing to stay and help run the operation.

ANCHORAGE, ALASKA (Source: Anchorage Economic Development Corporation s 3-Year Outlook Report - 2017 ) Halfway through 2017 it is evident that Anchorage s economy, as measured by total employment,

5 ANCHORAGE, ALASKA (Source: Anchorage Economic Development Corporation s 3-Year Outlook Report ) Halfway through 2017 it is evident that Anchorage s economy, as measured by total employment, continues to retreat from its 2015 peak. The latest available estimates place Anchorage employment down about three percent over the past two years, with the Professional and Business Services, Oil & Gas, Construction, and State Government sectors continuing to bear the brunt of local job losses. While the near-term employment picture remains troubling, there is little evidence of significant weakness in the real estate market, where communities often feel the most pain from recession. Housing prices are stable and the foreclosure rate is below national averages. In addition, while inching upward, unemployment rates in Anchorage remain at reasonable levels. The most recent labor force data sets actually show that more Anchorage residents are employed in 2017 than in It is clear that Anchorage has experienced a significant economic downturn and further trouble probably lies ahead. There is evidence, however, that the worst may be over. Oil industry employment in Anchorage appears to have stabilized with no change over the first five months of 2017 compared to the same period in Additionally, the latest available data indicates year-over-year employment losses in other sectors are moderating. In considering the condition of Anchorage s economy, a broad, long-term perspective is important. Reasonable observers have noted that the 2010 to 2015 run-up in employment was a bubble in the Anchorage economy driven largely by high oil prices and related capital spending. Now the economy is moving toward a new normal where oil money doesn t flow as freely and economic growth is driven by a more balanced set of engines. In the meantime, the importance of a long-term state fiscal plan along with consistent and competitive tax policy cannot be overstated. This is critical to oil industry investment and to other business development in Alaska as well. Uncertainty around what the future may hold for corporate and consumer taxes in Alaska is keeping investment dollars on the sidelines. With the right fiscal policy our 61 elected individuals at work in the capitol have the ability to a large degree to spur investor confidence and turn the economy around. AEDC is a private non-profit corporation (IRS code 501(c)(6)), operating since It exists to encourage growth and diversity in the Anchorage economy, promote a favorable business climate and improve the standard of living of Anchorage residents. Funding sources for the corporation are private contributions, municipal and state grants and contracts. (907)

6 LOCATION SUBJECT

7 OBLIQUES Looking North Looking East

8 OBLIQUES Looking South Looking West

9 SITE PHOTOS

10 SITE PHOTOS

11 SITE PHOTOS

12 FLOOR PLANS

13 FLOOR PLANS

14 FLOOR PLANS

15 PLAT

16 SITE PLAN 2004 As-built 2014 Parking diagram

ZONING I-1: Light industrial district. Purpose.

distribution operations along with other uses that support and/or are compatible with industrial uses.

Many commercial uses are also permitted and/or conditionally allowed, with some limitations on the more intensive customer retail, community

17 ZONING I-1: Light industrial district. Purpose. The I-1 district is intended primarily for public and private light and general manufacturing, processing, service, storage, wholesale, and distribution operations along with other uses that support and/or are compatible with industrial uses. Business-industrial parks and singlecommodity bulk retail sales and building supply stores and services are allowed. Many commercial uses are also permitted and/or conditionally allowed, with some limitations on the more intensive customer retail, community service, and commercial employment establishments, to reduce land use and traffic conflicts, promote efficient use of industrial lands, and encourage the location of intensive commercial activities in commercial centers. This district is applied in areas designated as industrial/commercial by the comprehensive plan. SUBJECT

18 TAX INFORMATION Please review the information provided by the Municipality of Anchorage s Tax Assessor s office on the following four pages.

19 Public Inquiry Property Detail Home Residents Businesses Government Visitors Departments Public Safety Departments > Finance > Property Appraisal > New Search > results Show Parcel on Map Find Parcel Number Public Inquiry Parcel Details PARCEL: /02 Commercial Manufacturing/Proc 04/02/ ALASKA WILD BERRY PRODUCTS INC WILDBERRY LT 1 Anchorage AK Site 5225 Juneau St Lot Size: 87, Date Changed Deed Changed---- GRW: PIWt Zone : I1 Owner : 12/22/14 Stateid: Tax Dist: 003 Address: 01/24/01 Date : 01/02/01 Grid : SW1932 Hra # : Plat : GRW: PIWC REF #: 12/22/ ASSESSMENT HISTORY ---Land-- --Building- ---Total--- Appraised Val 2016: 1,198,900 3,098,400 4,297,300 Appraised Val 2017: 1,198,900 2,846,900 4,045,800 --Exemption--- Appraised Val 2018: 1,198,900 2,797,100 3,996, Type----- Exempt Value 2018: State Exempt 2018: 0 Resid Exempt 2018: 0 Taxable Value 2018: 3,996,000 Liv Units: 000 Common Area: Leasehold: Insp Dt: 07/88 Land Only 06/15 Quick Reinv 12/14 Partial Ins BUILDING DATA Name: AK WILDBERRY PRODUCT Bldg Area: 22,550 Yr Blt: 1994 Eff Yr: 1994 Ident Bldg Type: Manufacturing Grade : Good # Units: 001 Bldgs: 1 INTERIOR FEATURES Floor Size Use Wall Wall Constrct Heat Air Phys Funct Level Area: Type: Hgt : Material: Type: Type: Con Cond: Utilt 01/01 5,500 Retail 14 Frame T-11 Wood Joist( Hot Air 0 Normal Normal 01/01 10,600 Lt Manufa 10 Frame T-11 Wood Joist( Hot Air 0 Normal Normal 02/02 6,450 Offices 09 Frame T-11 Wood Joist( Hot Air 0 Normal Normal 1 of 2 4/2/18, 2:11 PM

20 Public Inquiry Property Detail OTHER BUILDING AND YARD IMPROVEMENTS Yard Structure: Size/Amt: Units: Yr/Blt: Condition: Funct/Util: Paving Asphalt Pk 48, Normal Normal BUILDING OTHER FEATURES-ATTACHED IMPROVEMENTS Qty: Structure Code: Size1: Size2: Qty: Structure Code: Size1: Size2: 1 Ov'hd Dr Mtr Op Porch Covered 2, Cooler-Chiller Sprinkler Wet 21, Cooler-Freezer Cooler-Freezer Canopy Svc Stat ,590 1 Porch Covered Feedback wwfipa@muni.org 2 of 2 4/2/18, 2:11 PM

21 Public Inquiry Property Detail Home Residents Businesses Government Visitors Departments Public Safety Departments > Finance > Property Appraisal > New Search > results Show Parcel on Map Find Parcel Number Public Inquiry Parcel Details PARCEL: /02 Commercial Manufacturing/Proc 04/02/18 ALASKA WILD BERRY PRODUCTS INC WILDBERRY LT 1 Anchorage AK Site 5225 Juneau St Lot Size: 87, Date Changed Deed Changed---- GRW: PIWt Zone : I1 Owner : 12/22/14 Stateid: Tax Dist: 003 Address: 01/24/01 Date : 01/02/01 Grid : SW1932 Hra # : Plat : GRW: PIWC REF #: 12/22/ ASSESSMENT HISTORY ---Land-- --Building- ---Total--- Appraised Val 2016: 1,198,900 3,098, ,100 Appraised Val 2017: 1,198,900 2,846, ,200 --Exemption--- Appraised Val 2018: 1,198,900 2,797,100 3,996, Type----- Exempt Value 2018: State Exempt 2018: 0 Resid Exempt 2018: 0 Taxable Value 2018: 3,996,000 Liv Units: 000 Common Area: Leasehold: Insp Dt: 07/88 Land Only 06/15 Quick Reinv / BUILDING DATA Name: WILDBERRY ADDITION Bldg Area: 7,990 Yr Blt: 2003 Eff Yr: 2003 Ident Bldg Type: Manufacturing Grade : Average # Units: 001 Bldgs: 1 INTERIOR FEATURES Floor Size Use Wall Wall Constrct Heat Air Phys Funct Level Area: Type: Hgt : Material: Type: Type: Con Cond: Utilt 01/01 7,990 Multi-Use 21 Frame T-11 Wood Joist( Unit Heat 0 Normal Normal BUILDING OTHER FEATURES-ATTACHED IMPROVEMENTS 1 of 2 4/2/18, 2:11 PM

22 Public Inquiry Property Detail Qty: Structure Code: Size1: Size2: Qty: Structure Code: Size1: Size2: 1 Canopy- Svc Sta Feedback wwfipa@muni.org 2 of 2 4/2/18, 2:11 PM

23 UTILITY INFORMATION The following pages show the following utilities: Anchorage Water & Wastewater (Account # ) Enstar Natural Gas (Account # , Meter #754) Chugach Electric (Meter # L )

24 WATER SUBJECT

25 SEWER SUBJECT

26 NATURAL GAS

27 ELECTRIC SUBJECT

DISCLAIMER Ravenwood Real Estate and RE/MAX Dynamic Properties do not know if the attached information is accurate and it does not guarantee this information.

28 DISCLAIMER Ravenwood Real Estate and RE/MAX Dynamic Properties do not know if the attached information is accurate and it does not guarantee this information. Potential purchasers or tenants are strongly encouraged to consult professional engineers, attorneys, accountants, and/or other experts regarding the accuracy and veracity of this information. Recipients of this information should consult with the Brokers regarding licensee disclosures prior to discussing the property with the Brokers. Ravenwood Real Estate and RE/MAX Dynamic Properties represent the Owner. Ravenwood Real Estate and RE/MAX Dynamic Properties and the Owner make no representations regarding the possible value or usability of the properties. The properties are offered As-is, Where-is with no representation as to fitness or use, implied or given. The properties contained herein are subject to prior offer and sale or lease, price changes, and/or withdrawal from the market without notices and no suggestion of marketability or availability is given or implied. Robert Martin, CCIM Broker (907) Ravenwood Real Estate Old Eagle River Road Eagle River, AK (907) Joseph Miller, CCIM Associate Broker (907) RE/MAX Dynamic Properties 3350 Midtown Place Anchorage, AK (907)

For Sale. 121 & 151 W. 92nd Avenue Anchorage, Alaska $1,950,000. Bob Martin, CCIM acre paved lot zoned I-1. 4,700 sf warehouse.

For Sale. 121 & 151 W. 92nd Avenue Anchorage, Alaska $1,950,000. Bob Martin, CCIM acre paved lot zoned I-1. 4,700 sf warehouse. For Sale $1,950,000 1.84 acre paved lot zoned I-1 4,700 sf warehouse 3,776 sf office 2,160 sf metal equipment shed Bob Martin, CCIM Broker Ravenwood Real Estate 907-229-8681 bob@ravenwoodrealestate.com