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1818 E BASELINE Road, Mesa, AZ 85204
$2,352,746



























Property Type:
Comm/Industry Sale
Square Footage:
9,101
Lot Size (sq. ft.):
54,355
Status:
Active
Current Price:
$2,352,746
List Date:
10/09/2024
Last Modified:
5/20/2025
Description
Great income producing property with a CAP Rate of 6.39% and a potential of 7.5% once the basement office is leased. The basement office lends for affordability, privacy, and a unique work environment of 1,900 sq.ft. available at $14/sq.ft Excellent location, just west of Gilbert Road, near the US-60 freeway, making it easily accessible. It is ideal for a medical practice or other professional services due to its established use and proximity to the Mesa and Gilbert communities. The learning center Tenant has 3 years left of a 5-year lease and the Dermatology Tenant has 2 years left of a 5-year lease. Working on leasing out the basement office. Pediatric Office 2,400 sq.ft., Pinnacle Dermatology Office 4,800 sq.ft. See Rent Roll in Photos Tab. SELLER WILL CARRY $1,000,000 if needed.
More Information MLS# 6768391
Contract Info
Current Price: $2,352,746
List Price: $2,352,746
Status: Active
List Date: 2024-10-07
Ownership: Fee Simple
Location Tax Legal
House Number: 1818
Compass: E
Street Name: BASELINE
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 6814
Country: US
County Code: Maricopa
Assessor Number: 139-09-003-A
Tax Year: 2023
General Property Description
Type of Property: Office
Ttl Apx SqFt Bldg: 9101
# of Buildings: 2
Year Built: 1996
Uncvrd Parking Spcs: 31
Zoning: C-N, C-1
Remarks Misc
Geo Lat: 33.37999
Geo Lon: -111.792532
Status Change Info
Status Change Date: 2024-10-08
Legal Info
Township: 1N
Range: 5E
Section: 36
Lot Number: N/A
Income Expenses
Net Operating Income: 150384
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Building Type: Commercial; Office
Business Type: Dental; Mixed; Service Business; Medical; Professional/Office
Stories: 2 Stories
Construction: Metal; Wood Frame
Roofing: Foam; Rolled
Floors: Concrete; Vinyl; Wood; Ceramic Tile; Carpet
Ceiling Height: 10.1 Feet to 12 Feet
Cooling: Central Air
Loading Facilities: None
Interior: Finished
Exterior: Monument Sign
Fencing: Block
Parking Features: Paved
Electric: SRP
Gas: City Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; Cash to Loan; 1031 Exchange; Lease
Lockbox Type: Combo
Source of Fincl Data: Owner
Environmental: None
Listing Office: DeLex Realty
Last Updated: May - 20 - 2025

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