1818 E Baseline Rd - Medical FOR SALE


Mesa, AZ 85204
$2,352,746 USD
623-205-7725
1818 E Baseline Rd, Mesa, AZ for Sale
$2,352,746 USD
Medical - FOR SALE
1/32
null | 6.39% Cap Rate

1818 E Baseline Rd
Mesa, AZ 85204


OVERVIEW

Great income producing property with a CAP Rate of 6.39% and a potential of 7.5% once the basement office is leased out. The basement office lends for affordability, privacy, and a unique work environment of 1,900 sq.ft. available at $14/sq.ft This property offers an excellent location, just west of Gilbert Road, near the US-60 freeway, making it easily accessible. It is ideal for a medical practice or other professional services due to its established use and proximity to the Mesa and Gilbert communities. The Pediatric Tenant has 4 years left of a 5-year lease and the Dermatology Tenant has 3 years left of a 5-year lease. Working on leasing out the basement office. Pediatric Office 2,400 sq.ft., Pinnacle Dermatology Office 4,800 sq.ft.

FOR SALE DETAILS

PRICE

$2,352,746 USD

PRICE/SF

$259 USD /SF

CAP RATE

6.39%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

C-N

APN/PARCEL ID

139-09-003A

ASK ABOUT THIS PROPERTY

Lisa RossDeLex RealtyMore Info
623-205-7725

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Lisa RossDeLex RealtyMore Info
623-205-7725

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.