Active
1940 W BASELINE Road
Mesa AZ, 85202
$2,725,000
$226.22 per sqft
Active
12,046 sqft
Other
Built in 1984
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'.
6695639
MLSⓇ ID
April 23, 2024
Listed
May 10, 2024
Updated
Map
1940 W BASELINE Road
Mesa AZ, 85202
Interior Features
Floor Description
Concrete
Fireplace
No
Cooling
Yes
Cooling Description
Central A/C
Heating
No
Heating Description
None
Exterior/Building Features
Lot Size
1.66 Acres
Roof
Tile
Sewer
Public Sewer
Other Property Details
Taxes
$22,005
Tax Frequency
Annually
Days on Market
2
Garage
No
Parking
Private Parking
Parking Total
68
View
No
County
Maricopa
Water Source
City Franchise
Pool
No
Zoning
LC
Buyer Agency Compensation
2.5%
Courtesy of Arizona Investment & Mgt, LLC, Ryan R Moore
Listing Contact: 480-600-5348
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Celina Acosta Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Arizona Regional Multiple Listing Service. All rights reserved.
Data Last Updated: 8:19 PM UTC, 5/10/2024.