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20420557
20420556

1818 E Baseline Rd, Mesa, AZ 85204

LR
AZ AZ SA561439000
Delex Realty
Listed by Delex Realty
$2,250,000
593 days on market
Updated 5 days ago

1818 E. Baseline Rd

Details
APN 139-09-003-A
Property Type Mixed Use, Office
Sub Type Executive Office, Medical Office (+1)
Square Footage 9,101
Units 3
Cap Rate 6.68%
NOI $150,384
Tenancy Multi
Lease Type Absolute NNN
Broker Co-Op Yes
Class A
Year Renovated 1996
Buildings 2
Stories 2
Lot Size (SqFt) 54,355
Zoning C-1, C-N
Parking Spaces 31 spaces
Parking Per SqFt 3.41
Occupancy Date 10/07/2024
Ceiling Height 10.1' & 12'

Great Income Producing Property 6.36% Cap Rate

Marketing description

Exceptional income‑producing property priced BELOW MARKET, featuring stable long‑term tenants and a strong 6.68% CAP Rate, with the potential to reach 7.68% once the 1,900 sq.ft. basement office is leased. The basement suite offers affordability, privacy, and a unique work environment, and is available at $14/sq.ft., making it attractive to a wide range of professional users.

Located in a prime Gilbert‑adjacent corridor at Mesa pricing, this property sits just west of Gilbert Road and near the US‑60, providing excellent accessibility. It borders the Town of Gilbert, which is directly across the street, enhancing its appeal to both Mesa and Gilbert clientele.

The seller is offering Seller Carry financing of $1,250,000 at 6% interest‑only, creating an attractive opportunity for investors seeking flexible terms.

This building is ideal for medical, wellness, or professional office users, supported by its established use and strong surrounding demographics. Current tenants include:

• Pediatric Office – 2,400 sq.ft.

• Pinnacle Dermatology – 4,800 sq.ft.

The Learning Center tenant has 3 years remaining on a 5‑year lease, and the Dermatology tenant has 2 years remaining on their 5‑year term. Leasing efforts are underway for the basement office to further enhance income. See Rent Roll in the Photos tab.

Listing Contacts

LR
AZ AZ SA561439000
Delex Realty
Listed by Delex Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$150,384.00
$12,532.00/mo

Valuation Metrics

0
DSCR
6.68%
Cap Rate
6.68%
ROI

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Additional Information

Name
Lisa A. Ross
License
AZ SA561439000
Brokerage
Delex Commercial
Brokerage Address
10115 East Bell Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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