Prime U-MED Development Parcel Available for Lease

Commercial parcel steps off Lake Otis

UPDATE: the bidding period for this parcel has closed (July 21, 2020).

The Alaska Mental Health Trust is excited to offer one of the last undeveloped parcels in Anchorage’s U-MED district for development.

Level building area with utilities delivered to the site
Adjacent to Providence Hospital, University of Alaska Anchorage (UAA), and Alaska Psychiatric Institute (API) as well as other medical providers
Lease by sealed bid auction per bidding instructions below

A grassy field with a building visible in the background under a clear blue sky.

Aerial perspective showcasing a field with scattered trees and various buildings interspersed throughout the landscape.

Aerial perspective of a lush green field with a distant building set against a bright sky.

Aerial view of a lush green field with scattered trees and distant mountains on the horizon.

Aerial view of a lush, green city with numerous trees and buildings.

A 360-degree panorama showcasing a lush field surrounded by trees under a clear blue sky.

Aerial view of a city street lined with trees, showcasing urban architecture and greenery from above.

The TLO is offering the documents below for the convenience and information of all prospective bidders. However, all due diligence and verification of the same is the responsibility of the bidding party.

Non-Warranty

PROPERTY DOCUMENTS PROVIDED WITH RESPECT TO THE PROPERTY ARE SOLELY FOR BIDDER’S CONVENIENCE AND WAS OBTAINED FROM A VARIETY OF SOURCES. THE TLO HAS NOT MADE ANY INDEPENDENT INVESTIGATION OR VERIFICATION OF SUCH INFORMATION AND MAKES NO REPRESENTATIONS AS TO THE ACCURACY OR COMPLETENESS OF SUCH INFORMATION. SELLER SHALL NOT BE LIABLE FOR ANY NEGLIGENT MISREPRESENTATION OR ANY FAILURE TO INVESTIGATE THE PROPERTY NOR SHALL SELLER BE BOUND IN ANY MANNER BY ANY VERBAL OR WRITTEN STATEMENTS, REPRESENTATIONS, APPRAISALS, ENVIRONMENTAL ASSESSMENT REPORTS, OR OTHER INFORMATION PERTAINING TO THE PROPERTY OR THE OPERATION THEREOF, FURNISHED BY SELLER, MANAGER, OR BY ANY REAL ESTATE BROKER, AGENT, REPRESENTATIVE, AFFILIATE, EMPLOYEE, SERVANT OR OTHER PERSON OR ENTITY ACTING ON SELLER’S BEHALF.