Properties
Mesa, AZ 85202 1940 W BASELINE Road
$2,725,000
2 more
Presented By: Arizona Investment & Mgt, LLC; 602-277-7368
SQFT • 12,046
Home Details
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'.
Presented By: Arizona Investment & Mgt, LLC; 602-277-7368
Interior Features for 1940 W BASELINE Road
Bathrooms
Total Baths
Other Interior Features
Electric On Property Y/NNo
FlooringConcrete
Street SuffixRoad
General for 1940 W BASELINE Road
Attached Garage No
Business TypeFood Service, Retail, Office, Mixed Use
Buyer Agent Compensation2.50
Buyer Agent Compensation Type%
Cap Rate7.33
Carport Y/NNo
CityMesa
Construction MaterialsBlock
CoolingCentral A/C
CountyMaricopa
Days on Market25
DisclosuresNone
ElectricSRP
Gross Income258344.0
HeatingNone
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet72361.0
MobileHomeRemainsYNNo
Net Operating Income199816.0
Occupancy TypeTenant
Open Parking Spaces68.0
Operating Expense22005.0
OwnershipFee Simple
Percent OwnershipFee Simple
Property TypeComm/Industry Sale
Rent Control Y/NNo
RoofTile
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Street NameBASELINE
Structure TypeCommercial, Office
Subdivision NameDOBSON COMMERCIAL CENTER
Tax Annual Amount22005.0
Tax Lot1
Tax Year2023
Township1N
View Y/NNo
Year Built1984
ZoningLC
Exterior for 1940 W BASELINE Road
Covered Spaces0.0
Crops Included Y/NNo
FencingOther
Irrigation Water Rights Y/NNo
Lot Size Acres1.66
Lot Size Area72361.0
Lot Size UnitsSquare Feet
Number of Buildings9
Open Parking Y/NNo
Parking FeaturesPrivate Parking
SpaNo
Total Parking68.0
Water SourceCity Franchise
Additional Details
Price History
