Tempe Medical Office
2145 E Baseline Rd, Tempe, AZ 85283
100% leased medical office investment property in Tempe, Arizona.
Type:Office
Property size:
46,928 SFLot size:
4.61 AcresPrice / SF:
$371/SF- Added:
- Mar 10, 2026
- Days on Market:
- 64
- Last Refresh:
- Mar 19 at 10:24 pm
Property Features for 2145 E Baseline Rd
General Information
- Standard status
- Active
- Size
- 46,928 SF
- Lot size
- 4.61 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2019
Listing agent Stuart Milne License #AZ SA634760000
Listing office The Menlo Group Commercial Real Estate LLC
Listing date Mar 10, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of The Menlo Group Commercial Real Estate LLC
HighLights
- 100% leased to NextCare Arizona LLC, a major provider ensuring stable income.
- Long‑term lease through August 31, 2033 (WALT of 7.58 years) provides extended security.
- Double Net (NN) lease minimizes landlord responsibilities.
- Strategic location near Arizona State University, Phoenix Sky Harbor International Airport, and Banner Desert Medical Center.
- Rental income increases from $21.50/SF to $23.50/SF starting 9/01/2026, boosting returns.
- Recent $4 million tenant investment in improvements, enhancing property value.
Overview
The property at 2145 E Baseline Road, Tempe, Arizona, is a 46,928-square-foot, 100% leased, single-tenant medical office investment. It is situated on a 4.61-acre site and is currently zoned PCC-1. The property serves as administrative offices and an urgent care clinic for NextCare Arizona LLC, a major provider with approximately 137 facilities across 10 states. The tenant has invested approximately $4 million in improvements to the facility, including a $2 million allowance. The building includes an approximately 3,000 SF urgent care clinic. The lease term extends through August 31, 2033, representing a WALT of 7.58 years. The lease type is Double Net (NN), with the tenant responsible for all operating expenses, including utilities, HVAC, and mechanical systems, while the landlord is responsible for the roof and ordinary structural maintenance. The roof is newly installed and remains under warranty. The current rental rate is $21.50/SF ($1,008,952 annually) through 8/31/2026, with a step-up to $23.50/SF ($1,102,808 annually) starting 9/01/2026. Renewal options include two five-year options at market rent with 2% annual increases. The property is strategically located near major regional landmarks including Arizona State University, Phoenix Sky Harbor International Airport, and Banner Desert Medical Center. It also includes annual cell tower income of $11,595.72 from T-Mobile West LLC.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Tanya Averill, DC
Alternative Medicine Practice
NextCare Urgent Care ...
Medical Clinic
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Location Insight
- Map
- Local Demand
- City
- Tempe
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.8953813
- Latitude
- 33.377253
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FAQs
What type of property is this?
Medical Office Space - 100% leased medical office investment property in Tempe, Arizona.
Where is this medical office space located?
The property is located at 2145 E Baseline Rd Tempe, AZ.
What is the asking price?
The asking price for this property is $17,455,034.
What are key features of this property?
This property features: 100% leased to NextCare Arizona LLC, a major provider ensuring stable income.; Long‑term lease through August 31, 2033 (WALT of 7.58 years) provides extended security.; Double Net (NN) lease minimizes landlord responsibilities.
