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 Engel & Völkers Scottsdale 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.