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.

©2024 Arizona Regional Multiple Listing Service. All rights reserved.

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

Powered byLuxury Presence