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2145 E Baseline Rd 46,928 SF 100% Leased Office Building Tempe, AZ 85283 For Sale
Executive Summary
2145 E Baseline Road is a single-tenant medical office building used for administrative offices and an approximately 3,000 SF urgent care clinic. Situated on 5.26 acres in Tempe, Arizona, the property is 100% leased to NextCare Arizona LLC. NextCare has invested approximately $4 million in tenant improvements and operates under a double- net lease through August 31, 2033. The lease structure requires the tenant to pay all operating expenses, while the landlord is responsible only for the roof (which is new and under warranty) and ordinary structural maintenance. The property offers long-term stable cash flow with a weighted average lease term of 7.58 years and a corporate guaranty from NextCare Inc and CellTower income from T-Mobile.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
46,928 SF
Building Class
B
Year Built
2019
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
23,464 SF
Building FAR
0.23
Lot Size
4.61 AC
Zoning
PCC-1, Tempe - Planned Commercial Center Neighborhood
Parking
344 Spaces (7.33 Spaces per 1,000 SF Leased)
Amenities
- Signage
- High Ceilings
- Partitioned Offices
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 301-01-993 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $982,514 |
Property Taxes
Parcel Number
301-01-993
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$982,514
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2145 E Baseline Rd
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