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1818 E Baseline Rd 2 Office Properties Offered at $2,250,000 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
Exceptional income-producing property priced BELOW MARKET, featuring stable long-term tenants and a strong 6.68% CAP Rate, with the potential to reach 7.68% once the 1,900 sq.ft. basement office is leased. The basement suite offers affordability, privacy, and a unique work environment, and is available at $14/sq.ft., making it attractive to a wide range of professional users.
Located in a prime Gilbert-adjacent corridor at Mesa pricing, this property sits just west of Gilbert Road and near the US-60, providing excellent accessibility. It borders the Town of Gilbert, which is directly across the street, enhancing its appeal to both Mesa and Gilbert clientele.
The seller is offering Seller Carry financing of $1,250,000 at 6% interest-only, creating an attractive opportunity for investors seeking flexible terms.
This building is ideal for medical, wellness, or professional office users, supported by its established use and strong surrounding demographics. Current tenants include:
• Pediatric Office – 2,400 sq.ft.
• Pinnacle Dermatology – 4,800 sq.ft.
The Learning Center tenant has 2 years remaining on a 5-year lease, and the Dermatology tenant has 1-year remaining on their 5-year term. Leasing efforts are underway for the basement office to further enhance income. See Rent Roll in the Photos tab.
Located in a prime Gilbert-adjacent corridor at Mesa pricing, this property sits just west of Gilbert Road and near the US-60, providing excellent accessibility. It borders the Town of Gilbert, which is directly across the street, enhancing its appeal to both Mesa and Gilbert clientele.
The seller is offering Seller Carry financing of $1,250,000 at 6% interest-only, creating an attractive opportunity for investors seeking flexible terms.
This building is ideal for medical, wellness, or professional office users, supported by its established use and strong surrounding demographics. Current tenants include:
• Pediatric Office – 2,400 sq.ft.
• Pinnacle Dermatology – 4,800 sq.ft.
The Learning Center tenant has 2 years remaining on a 5-year lease, and the Dermatology tenant has 1-year remaining on their 5-year term. Leasing efforts are underway for the basement office to further enhance income. See Rent Roll in the Photos tab.
Property Facts
| Price | $2,250,000 | Number of Properties | 2 |
| Price / SF | $240.62 / SF | Individually For Sale | 0 |
| Cap Rate | 6.68% | Total Building Size | 9,351 SF |
| Sale Type | Investment | Total Land Area | 2.48 AC |
| Status | Active |
| Price | $2,250,000 |
| Price / SF | $240.62 / SF |
| Cap Rate | 6.68% |
| 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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1818 E Baseline Rd
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