1818 E Baseline Rd Mesa, AZ 85204
Income-producing property with potential for increased cap rate.
Type:Office, Mixed Use
Property size:
9,101 SF- Added:
- Oct 19, 2024
- Days on Market:
- 546
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 1818 E Baseline Rd
General Information
- Standard status
- Active
- Size
- 9,101 SF
- Property subtype
- Office, Mixed Use
Listing agent Lisa A. Ross License #AZ SA561439000
Listing office Delex Realty
Listing date Oct 19, 2024
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 Delex Realty
Overview
Income Property Near Gilbert
This income-producing property, offered below market value, currently features a cap rate of 6.39% with the potential to reach 7.5% upon leasing of the basement office space. The basement office offers 1,900 square feet of space. Strategically positioned across from Gilbert, the property benefits from an excellent location at Mesa prices. Situated just west of Gilbert Road and near the US-60 freeway, the property provides convenient accessibility. The property is ideal for a medical practice or other professional services. The Learning Center tenant has 3 years remaining on a 5-year lease, while the Dermatology tenant has 2 years remaining on their 5-year lease. The property includes a 2,400-square-foot pediatric office and a 4,800-square-foot Pinnacle Dermatology office. The total property size is 9,101 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
7 Garden Dumpling ...
Restaurant
The Learning Center by ...
Training Center
Dr. Brent Sloten
Physician
Brent Drew Sloten
Physician
ALISON M PETERSON
Physician
Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.7925313
- Latitude
- 33.3799926
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Income-producing property with potential for increased cap rate.
Where is this mixed-use property located?
The property is located at 1818 E Baseline Rd Mesa, AZ.
What is the asking price?
The asking price for this property is $2,352,746.
What are key features of this property?
This property features: High CAP Rate: Current 6.39% with potential to reach 7.5%.; Below Market Value: Opportunity to acquire property at a discounted price.; Seller Financing: Seller will carry $1 million.
