3048 E Baseline Rd, Mesa - Medical/Office 6% CAP INVESTMENT
Fully built-out medical office condominium | 6.00% CAP
Marketing description
★ UNITED HEALTHCARE LEASED | 6% CAP INVESTMENT OPPORTUNITY ★
📍 3048 E Baseline Rd, Building 9 | Mesa, AZ 85204
This fully built-out medical office condominium is 100% leased to Optum, a wholly owned subsidiary of UnitedHealthcare, offering a secure, credit-backed investment in a premier Mesa, Arizona medical corridor. The property is offered at a sale price of $2,145,659
🔹 Offering Details & Property Highlights 🔹
🏥 Property Type: Medical / Office
📐 Building Size: ±5,000 SF
💲 Sale Price: $2,145,659
👤 Tenant: Optum (UnitedHealthcare subsidiary)
📄 Lease Term: 5 years | 06/17/2022 – 06/16/2027
🔁 Renewal Options: Three (3) options to renew for three (3) years each
📈 Annual Rent Escalations: 2.00%
🛠 Interior Build-Out Includes:
✔ 12 Wet Exam Rooms
✔ Medical Assistant Station
✔ Lobby
✔ Break Room
✔ Two (2) ADA-Compliant Restrooms
📍 Location Advantages:
✔ Close proximity to Dignity Health Arizona General Hospital
✔ Near Banner Gateway Medical Center
✔ Easy access to SR-60
🌵 Mesa, Arizona | Market Overview 🌵
Mesa, Arizona is the 35th largest city in the United States and the 3rd largest city in Arizona, with a population exceeding 504,000 residents.
👨👩👧👦 191,000+ households
💼 245,000+ employees
💰 Average household income: $94,000+
🚗 Mesa is supported by a robust freeway system and integrated into the Valley Metro Light Rail, providing excellent accessibility. The city’s diverse and resilient economy is driven by healthcare, education, aerospace, technology, and tourism, positioning Mesa as a strong, long-term investment market.
Investment highlights
💼 Credit Tenant: 100% leased to Optum, a subsidiary of UnitedHealthcare, providing strong corporate backing
📈 Attractive Yield: 6% cap rate with 2.00% annual rent escalations
🩺 Medical Office Asset: Fully built-out medical condominium with 12 wet exam rooms and turnkey clinical infrastructure
📄 Lease Stability: 5-year lease term in place through 06/16/2027 with three (3) additional 3-year renewal options
📍 Strategic Location: Situated near Dignity Health Arizona General Hospital and Banner Gateway Medical Center with convenient access to SR-60
🌵 Strong Market Fundamentals: Located in Mesa, AZ — the 3rd largest city in Arizona, supported by a diverse and growing economy
💰 Investment Price: $2,145,659
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