University of Alaska Land Management

www.UALand.com

Westwood Way
Disposal Plan

LOCATION
FAIRBANKS, ALASKA
T1S, R1W, SEC. 5
FAIRBANKS MERIDIAN
FAIRBANKS RECORDING DISTRICT
US SURVEY 11863

DESCRIPTION

The University of Alaska (“University”) is offering for sale, at Fair Market Value, an approximately 2.29 acre parcel of land and improvements located at 1760 Westwood Way in Fairbanks, Alaska.  This partially cleared, generally level parcel has over 600 feet of frontage along College Road. The improvements consist of a 1,480 square foot building and unheated detached single car garage. Constructed in 1954, the building and garage have minimal value.

This disposal plan is effective as long as the University owns the parcel.
 
Parties interested in commenting on this disposal plan must submit written comments to the University through its Land Management office by fax at (907) 786-7733, by email at ua-land@alaska.edu or at the address listed below, by no later than 5:00 P.M. on Monday, June 1,  2020 to be considered.

University of Alaska
Land Management

2525 Yukon Drive, Suite 106
Fairbanks, Alaska 99775

Interested parties should thoroughly inspect the parcel prior to submitting an offer to ensure that the parcel is suitable for the party’s intended use and to determine all permitting requirements related to that intended use.  Additional information regarding this parcel may be available from local, state and federal offices, including but not limited to:  the city or borough assessor’s office, building permitting office and land planning office; local utility companies; district recorder’s office; the State of Alaska Department of Natural Resources, Department of Environmental Conservation, Department of Fish and Game and Department of Transportation and Public Facilities; and the U.S. Department of the Interior Bureau of Land Management, Geological Survey and Environmental Protection Agency, and the U.S. Army Corps of Engineers.
 
The standard documents that will be used to close the sale in this offering are available for review below. 

The price listed is the Fair Market Value.

PARCEL LEGAL ACRES PRICE
FA.CO.0006 USS 11863 2.290 $234,000

PROCESS - Cash Purchase Terms and Conditions
The parcel(s) listed above is being offered for sale by the University of Alaska on a first come, first served basis, at or above the Minimum Price. The terms and conditions of this offering are available below. Offer to Purchase Forms are attached to the terms and conditions. Offers must include a minimum of ten percent (10%) of the offer amount, to be applied towards the purchase price. Cash purchases require that the entire balance of the purchase price be paid in full at the time of closing. Cash sales typically take up to 90 days to close, but earlier closings may be accommodated at the University's discretion. Sample copies of the University's current cash sale closing documents are available for review below.