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1818 E Baseline Rd 2 Office Properties Offered at $2,352,746 in Mesa, AZ
Investment Highlights
- 1818 E Baseline includes two renovated office buildings that are 100% leased on NNN agreements, providing a cash-flowing, low maintenance investment.
- Recent upgrades include new HVAC, paint, lighting, asphalt, and signage, enhancing value and reducing near-term capital expenditures.
- Spanning 9,100 SF, the buildings offer modern suites with glass offices, reception areas, break rooms, and ADA-compliant restrooms.
Executive Summary
Great income producing property BELOW MARKET with a CAP Rate of 6.39% and a potential of 7.5% once the basement office is leased out. The basement office lends for affordability, privacy, and a unique work environment of 1,900 sq.ft. available at $14/sq.ft Strategically located across the street, just steps away from Gilbert. Excellent value Gilbert location at Mesa prices. Just west of Gilbert Road, near the US-60 freeway, making it easily accessible. Boarders the Town of Gilbert which is across the street. Seller will Carry $1 million if needed. 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.
Property Facts
| Price | $2,352,746 | Number of Properties | 2 |
| Price / SF | $251.60 / SF | Individually For Sale | 0 |
| Cap Rate | 6.39% | Total Building Size | 9,351 SF |
| Sale Type | Investment | Total Land Area | 2.48 AC |
| Status | Active |
| Price | $2,352,746 |
| Price / SF | $251.60 / SF |
| Cap Rate | 6.39% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 9,351 SF |
| Total Land Area | 2.48 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Building B
1818 E Baseline Rd, Mesa, AZ 85204 |
Office | 4,800 SF | 2007 | - |
|
Building A
1818 E Baseline Rd, Mesa, AZ 85204 |
Office | 4,551 SF | 1996 | - |
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