3048 Baseline Rd Mesa, AZ 85204-7286
- Office Properties & Spaces
- 7.06 lot acres
Current Use by Public Records
- Casey Cutler, DDS / Dentist
- East Valley Implant & Periodontal Center in Mesa / Dentist / Dental Clinic
- LAKE VISTA DENTISTRY / Dentist / Cosmetic Dentist
- Donald Clifford, DDS / Dentist / Cosmetic Dentist
- Wild West Children's Dentistry / Dentist
Property Details for 3048 Baseline Rd
- Lot size
- 7.06 lot acres
- Zone code
- LC
- Property type
- Office Properties & Spaces
- APN
- 140-64-433
- APU
- 14064433
Description
This exceptional investment opportunity presents a 5,000 square foot medical office condominium located at 3048 E Baseline Rd, Building 9, Mesa, Arizona 85204 (APN: 140-64-423 & 140-64-424). Currently 100% leased to Optum, a UnitedHealthcare subsidiary, under a five-year lease commencing June 16, 2022, and expiring June 15, 2027. The lease includes three three-year renewal options. The property boasts a desirable 5.75% cap rate and a price per square foot of $416.73, with an asking price of $2,083,625. The fully built-out space features twelve wet exam rooms, a medical assistant station, a lobby, a break room, and two ADA-compliant restrooms. Its prime location offers convenient access to SR-60 and proximity to major medical facilities, including Dignity Health Arizona General Hospital and Banner Gateway Medical Center. The property is zoned PAD/L-C. This is a rare opportunity to acquire a high-performing, fully leased medical office building in a thriving healthcare market. The strong tenant and lease terms make this an attractive investment for discerning buyers.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.765
- Latitude
- 33.3798
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
