Tempe Medical Office
For Sale
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2145 East Baseline Road, Tempe, AZ 85283
100% leased medical office investment property in Tempe, Arizona.
Property Size46,928 SF
Lot Size4.61 Acres
Days on Market154
Property Features for 2145 East Baseline Road
General Information
Standard status
Active
Size
46,928 SF
Class
B
Lot size
4.61 Acres
Property subtype
Office
Building Details
Building Size
46,928 SF
Year Built
1993
Listing Agency:
Menlo Group Commercial Real Estate
(480) 236-9511
Listed By:
Stuart Milne, SIOR | CCIM · License #BR581000000
(480) 236-9511
Source:
Menlocre
Added: Mar 27
Changed: Aug 26
Last Checked: Aug 25 at 3:59PM
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 Menlo Group Commercial Real Estate
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85283, AZ
45,736
Population
20,620
Households
2.2
Avg Household Size
35
Median Age
44%
College-Educated
93%
High-School Grad
8.8 sq mi
ZIP Area
5,197
Density / Sq Mi
$81,073
Median Household Income
$47,213
Median Earnings
$1,669
Median Rent
$409,800
Median Home Value
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
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 East Baseline Road Tempe, AZ.
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.
