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
1818 E BASELINE Road, Mesa, AZ 85204- MLS# 6768391
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