1250 Baseline Rd Tempe, AZ 85283

This exceptional investment opportunity presents a fully leased, 10,272 square foot Class B office building situated on a 32,670 square foot lot in Tempe, Arizona. The property, known as East Baseline Professional Plaza, boasts a strong 6.30% cap rate and a substantial net operating income (NOI) of $153,488. Built in 1980 and extensively renovated in 2022, the two-story building features a wood frame and stucco exterior, an elevator, and a well-maintained courtyard. The property offers 20 covered parking spaces (5 spaces per 1,000 sq ft), and each suite includes its own bathroom. The building is currently 100% occupied with multi-tenant leases, providing immediate cash flow. Rents are either full-service (net of janitorial) or gross. Located at 1250 E Baseline Rd, Tempe, AZ 85283, the property benefits from prominent street frontage and enjoys a desirable location along Baseline Road. The property is zoned PCC-2, City of Tempe. Recent improvements include a new roof underlayment and coating (March 2022). This is a rare opportunity to acquire a well-maintained, high-performing multi-tenant office building in a thriving Tempe market. The asking price is $2,435,000, translating to $237.05 per square foot.