1757 E BASELINE Road, Gilbert, AZ 85233
$1,000,000
Property Type:
Comm/Industry Sale
Square Footage:
5,140
Lot Size (sq. ft.):
5,140
Status:
Closed
Current Price:
$1,000,000
List Date:
3/18/2019
Last Modified:
6/07/2025
Description
Outstanding investment opportunity, offering a +7% cap rate, within the Gilbert Township Villas! Purchase this 5,140 SF, fully-leased, multi-tenant professional office building with valuable frontage along Baseline Rd. The property features a flexible space configuration, within an established development that caters exceptionally well to clients and staff. The optimal frontage along Baseline Rd., provides a unique exposure opportunity in a highly desired, densely populated, high-traffic area. This property boasts a central East Valley location, with close proximity to several local amenities, popular eateries, and easy access to the US 60, Loop 101, and Loop 202. The property benefits from ample parking, both surface and covered, and strong neighboring businesses.
More Information MLS# 5897890
Contract Info
Current Price: $1,000,000
Sold Price: $1,000,000
Status: Closed
List Date: 2019-03-18
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: S39
House Number: 1757
Compass: E
Street Name: BASELINE
St Suffix: Road
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85233
Zip4: 1533
Country: US
County Code: Maricopa
Subdivision: GILBERT TOWNSHIP VILLAS CONDOMINIUM
Assessor Number: 314-01-015
Tax Year: 2018
General Property Description
Type of Property: Office
Ttl Apx SqFt Bldg: 5140
# of Buildings: 1
Year Built: 2005
Uncvrd Parking Spcs: 12
Zoning: C-N
Remarks Misc
Cross Street: US 60 and Gilbert Rd.
Directions: 60 East to Gilbert Rd., head South on Gilbert Rd., to Baseline. Turn right(West) on Baseline, the property will be on the right(South) side of the road, just past Ash St.
Geo Lat: 33.378174
Geo Lon: -111.793626
Status Change Info
Status Change Date: 2019-04-24
Off Market Date: 2019-04-24
Under Contract Date: 2019-04-04
Close of Escrow Date: 2019-04-24
Sold Price: $1,000,000
Legal Info
Township: 1S
Range: 5E
Section: 1
Lot Number: 105
Income Expenses
Net Operating Income: 74199
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office
Business Type: Professional/Office
Stories: 1 Story
Construction: Wood Frame
Roofing: Tile
Floors: Ceramic Tile; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Cooling: Central Air; Office A/C
Loading Facilities: None
Interior: Finished; Finished to Suit
Fencing: None
Parking Features: Paved
Electric: SRP
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
Railroad: Other (See Remarks)
New Financing: Other (See Remarks)
Source of Fincl Data: Unknown
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Traffic Count: Over 200,000
Environmental: None
Listing Office: R.O.I. Properties
Last Updated: June - 07 - 2025
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