1818 Baseline Rd Mesa, AZ 85204

This exceptional Class A commercial property in Mesa, Arizona, presents a compelling investment opportunity. Located at 1818 E. Baseline Rd, this multi-tenant complex boasts 9,101 square feet across two buildings on a 54,355 square foot lot. The property features a mix of distribution, executive office, and warehouse space, currently housing three tenants: a pediatric office (2,400 sq ft) with four years remaining on a five-year lease, a dermatology office (4,800 sq ft) with three years remaining on a five-year lease, and a soon-to-be-leased 1,900 sq ft basement office. The property offers a strong 6.39% cap rate with a potential increase to 7.5% upon leasing the basement space at $14/sq ft. The property is zoned C-1 and C-N, providing flexibility for various uses. Built in 1996 and renovated since, the property includes 31 parking spaces, 10.1' and 12' ceiling heights, and is conveniently located near US-60 freeway, offering excellent accessibility. The asking price is $2,352,746, with a current NOI of $150,384. The property's location and tenant mix make it an attractive investment for discerning buyers. Occupancy is expected by October 7, 2024.