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5555 E Baseline Rd 8,876 SF 100% Leased Office Building Mesa, AZ 85206 $4,779,323 ($538.45/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully leased medical office with NNN structure through 2029
- Located near Banner Gateway and HonorHealth Mountain Vista
- 2.02-acre parcel with 56 surface parking spaces
- 20 exam rooms, 2 nurses stations, and 6 restrooms
- Strong demographics with $94K median household income (5-mile)
- 3 renewal options of 5 years each for long-term stability
EXECUTIVE SUMMARY
Positioned in the heart of Mesa’s thriving medical corridor, 5555 E Baseline Rd presents a rare opportunity to acquire a fully leased, stand-alone medical office asset with long-term income stability. Built in 2019, this ±8,876 SF facility is 100% leased to a single tenant under a five-year NNN lease that commenced April 2024 and runs through March 2029, with three five-year renewal options. The lease generates $310,660 in annual income ($35/SF) with 3% annual escalations, delivering a solid 6.5% cap rate and minimal landlord obligations.
The property features a highly functional medical layout including 20 exam rooms, two nurses stations, two break rooms, six restrooms, and dedicated IT and storage areas. With a generous parking ratio of 6.31/1,000 (56 surface spaces), the site supports high patient throughput and operational efficiency. Located on a 2.02-acre parcel, the building benefits from proximity to major healthcare institutions such as Banner Gateway, Banner Heart Hospital, and HonorHealth Mountain Vista, as well as retail anchors like Superstition Springs Center and Mesa Pavilions.
Mesa’s East Valley submarket continues to demonstrate resilience, with a 10.9% vacancy rate and competitive rental averages. The surrounding area boasts strong demographics, including a projected 5-mile population of 358,945 by 2029 and a median household income of $73,715. This investment offers a compelling blend of location, tenant stability, and long-term growth potential in one of Arizona’s most dynamic healthcare hubs.
The property features a highly functional medical layout including 20 exam rooms, two nurses stations, two break rooms, six restrooms, and dedicated IT and storage areas. With a generous parking ratio of 6.31/1,000 (56 surface spaces), the site supports high patient throughput and operational efficiency. Located on a 2.02-acre parcel, the building benefits from proximity to major healthcare institutions such as Banner Gateway, Banner Heart Hospital, and HonorHealth Mountain Vista, as well as retail anchors like Superstition Springs Center and Mesa Pavilions.
Mesa’s East Valley submarket continues to demonstrate resilience, with a 10.9% vacancy rate and competitive rental averages. The surrounding area boasts strong demographics, including a projected 5-mile population of 358,945 by 2029 and a median household income of $73,715. This investment offers a compelling blend of location, tenant stability, and long-term growth potential in one of Arizona’s most dynamic healthcare hubs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,876 SF
Building Class
C
Year Built
2019
Price
$4,779,323
Price Per SF
$538.45
Cap Rate
6.50%
NOI
$310,656
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
8,876 SF
Building FAR
0.10
Lot Size
2.02 AC
Zoning
Commercial - Commercial
Parking
56 Spaces (6.31 Spaces per 1,000 SF Leased)
AMENITIES
- Reception
1 1
PROPERTY TAXES
| Parcel Number | 304-07-986 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $418,396 |
PROPERTY TAXES
Parcel Number
304-07-986
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$418,396
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5555 E Baseline Rd
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