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.

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Data Last Updated: 8:19 PM UTC, 5/10/2024.

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