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The Meridian 401 W Baseline Rd 30,408 SF 91% Leased Office Building Tempe, AZ 85283 $3,950,000 ($129.90/SF) 7.01% Cap Rate
EXECUTIVE SUMMARY
This 30,408 SF office building, constructed in 1986 and zoned CSS, offers an exceptional opportunity for both investors and owner/users. Strategically located on Baseline Road with excellent visibility and immediate access to US-60 and I-10, the property ensures convenience and connectivity. The building is adjacent to Kiwanis Park and the Western Canal Path, providing nearby recreational amenities and outdoor activities. Additional highlights include ample parking with covered spaces available, making it highly functional for a variety of office uses. Don’t miss the chance to add this well-positioned Tempe property to your investment portfolio or establish your next office location.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
30,408 SF
Building Class
B
Year Built
1986
Price
$3,950,000
Price Per SF
$129.90
Cap Rate
7.01%
NOI
$277,020
Percent Leased
91%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,204 SF
Building FAR
1.62
Lot Size
0.43 AC
Zoning
C-1, Tempe - Commercial
Parking
152 Spaces (5 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 204A | 2,783 SF | Office | - | Now |
2nd Fl-Ste 204A
| Size |
| 2,783 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Fl-Ste 204A
| Size | 2,783 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
1 1
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 301-03-018 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $306,137 |
PROPERTY TAXES
Parcel Number
301-03-018
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$306,137
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
The Meridian | 401 W Baseline Rd
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