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1940 W Baseline Road,  Mesa AZ, 85202

(Active)
$2,725,000
|
12,046 sqft
|
MLS# 6695639
Last Updated: 5/15/2024 1:49 AM
Description for 1940 W Baseline Road Mesa, AZ 85202
Arizona Investment & Management LLC is pleased to present the rare opportunity to acquire a 12,046 square foot multi-tenant retail property highlighted by a T-Mobile retail showroom and training facility. The Lakes at 1940 West Baseline Road, Mesa, AZ, 85202 at the western endcap of the Dobson Commercial Shopping Center, a multi-tenant, BAIZ Market Place anchored retail shopping center. It is ideally located in the heart of Dobson Ranch in Mesa.This 9-unit property is 100% occupied with a 7.3% cap rate! Leases have scheduled annual rent escalations. Plus well-seasoned Tenants that include T-Mobile (5,588 SF retail showroom and training center, remodeled this year) in occupancy since 04', Platinum Salon, a Tenant since 88', Chiropractic Care Center since 07', and China Express since 03'.
Price
$2,725,000
DOBSON COMMERCIAL CENTER
Maricopa
12,046 (approx)
6695639
Active
Description
Arizona Investment & Management LLC is pleased to present the rare opportunity to acquire a 12,046 square foot multi-tenant retail property highlighted by a T-Mobile retail showroom and training facility. The Lakes at 1940 West Baseline Road, Mesa, AZ, 85202 at the western endcap of the Dobson Commercial Shopping Center, a multi-tenant, BAIZ Market Place anchored retail shopping center. It is ideally located in the heart of Dobson Ranch in Mesa.This 9-unit property is 100% occupied with a 7.3% cap rate! Leases have scheduled annual rent escalations. Plus well-seasoned Tenants that include T-Mobile (5,588 SF retail showroom and training center, remodeled this year) in occupancy since 04', Platinum Salon, a Tenant since 88', Chiropractic Care Center since 07', and China Express since 03'.
Listing Information
Property Type: Office, Business Opportunities, Other
1.66 Acres 12,046 (approx) 1984
Block
1N//
DOBSON COMMERCIAL CENTER
Public Sewer
Neighborhood
Room Information
Interior Features
Concrete
Central Air
Other, None
Exterior / Lot Features
68 Parking Spaces,
Block
Tile
LC
Financial Considerations
305-02-905
$22,005
Listing Price History

Mesa Real Estate

Mesa is located in Arizona. Mesa, Arizona 85202 has a population of 511,580.

The median household income in Mesa, Arizona 85202 is $51,814. The median household income for the surrounding county is $68,280 compared to the national median of $66,222. The median age of people living in Mesa 85202 is 37 years.

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Courtesy: Arizona Investment & Mgt, LLC

Information deemed reliable but not guaranteed. Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
The ARMLS logo indicates a property listed by a real estate brokerage other than this broker.
This content last refreshed on 5/15/2024 1:49 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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