5222 E Baseline Rd | Gilbert, AZ 85234
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- LoopNet Team
5222 E Baseline Rd
Gilbert, AZ 85234
Office Property For Sale
INVESTMENT HIGHLIGHTS
- 100% leased to three medical tenants
- Long-term, "sticky" medical tenancy, one of which (DaVita Dialysis) has been in occupancy at the property for nearly 19 years!
- Single level, exterior loaded property type is appealing to investors and tenants alike due to the self-contained suite format
- Consistent "coupon clipping" cash flow with no lease rollover until 2026 and a 5.0-year WALT
- Future upside potential with in-place rents 7.4% below market
- Exceptional parking with convenient suite access
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
60,600 SF
Building Class
B
Year Built
2000
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
60,600 SF
Building FAR
0.27
Lot Size
5.25 AC
Zoning
C-O
Parking
400 Spaces (6.6 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $21,205 | Total Assessment | $742,968 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$21,205
Improvements Assessment
$0
Total Assessment
$742,968
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