About 1818 E Baseline Road
Great income producing property BELOW MARKET with a CAP Rate of 6.39% and a potential of 7.5% once the basement office is leased out. The basement office lends for affordability and unique work environment of 1,900 sq.ft. available at $14/sq.ft Strategically located across the street, just steps away from Gilbert. Excellent value Gilbert location at Mesa prices. Just west of Gilbert Road, near the US-60 freeway, making it easily accessible. Boarders the Town of Gilbert which is across the street. Seller will Carry $1 million if needed. Ideal for a medical practice or other professional services due to its established use and proximity to the Mesa and Gilbert communities. The Learning Center Tenant has 3 yrs left of a 5-yr lease and the Dermatology Tenant has 2 yrs left of 5 yr lease.
Features of 1818 E Baseline Road
| MLS® # | 6768391 |
|---|---|
| Price | $2,352,746 |
| Square Footage | 9,101 |
| Acres | 1.25 |
| Year Built | 1996 |
| Type | Comm/Industry Sale |
| Sub-Type | Commercial, Office |
| Status | Active |
Community Information
| Address | 1818 E Baseline Road |
|---|---|
| City | Mesa |
| County | Maricopa |
| State | AZ |
| Zip Code | 85204 |
Amenities
| Parking Spaces | 34 |
|---|---|
| Parking | Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Electric |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Roof | Foam, Rolled/Hot Mop |
|---|---|
| Construction | Wood Frame, Metal Siding |
Additional Information
| Zoning | C-N, C-1 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | DeLex Realty |
|---|