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1940 W BASELINE Road Mesa, AZ $ 2,725,000
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$ 2,725,000 Get more info
1940 W BASELINE Road
$ 2,725,000
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Share Save

1940 W BASELINE Road

Mesa, AZ, 85202
$ 2,725,000
Baths0.0 Sq 12,046

Monthly Estimate*

$ 18,111

1940 W BASELINE Road, Mesa, AZ 85202 - Image 1
1940 W BASELINE Road, Mesa, AZ 85202 - Image 2
1940 W BASELINE Road, Mesa, AZ 85202 - Image 3
1940 W BASELINE Road, Mesa, AZ 85202 - Image 4
1940 W BASELINE Road, Mesa, AZ 85202 - Image 5
1940 W BASELINE Road, Mesa, AZ 85202 - Image 6
1940 W BASELINE Road, Mesa, AZ 85202 - Image 7
Studio

Commercial Property for sale in Mesa, AZ

for $2,725,000. This 12,046 square foot building was built in 1984 on a lot size of 1.66.

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'.

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Commercial Active

Price

$ 2,725,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 22,005

Style

Comm/Industry Sale

Lot Size

1.66

Year Built

1984

Town/City

Mesa

County/Region

Maricopa

MLS | Web ID

6695639
Features
General
Sewer Public Sewer
Heating None
Cooling Central A/C
Roof Tile
Zoning LC
Construction Materials Block
Year Built 1984
Electric SRP
Township 1N
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 258344.0
Business Type Food Service Retail Office Mixed Use
County Maricopa
Net Operating Income 199816.0
Operating Expense 22005.0
Property Type Comm/Industry Sale
Attached Garage N
Subdivision Name DOBSON COMMERCIAL CENTER
Status Active
City Mesa
Buyer Agent Compensation 2.50
Disclosures None
View Y/N N
Open Parking Spaces 68.0
Lot Size Units Square Feet
Lot Size Square Feet 72361.0
Carport Y/N N
Street Name BASELINE
Tax Annual Amount 22005.0
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 43
Structure Type Commercial Office
Standard Status Active
Occupancy Type Tenant
Tax Lot 1
Cap Rate 7.33
Buyer Agent Compensation Type %
Ownership Fee Simple
Senior Community N
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Interior
Flooring Concrete
Street Suffix Road
Electric On Property Y/N N
Total Baths 0
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Exterior
Fencing Other
Parking Features Private Parking
Water Source City Franchise
Total Parking 68.0
Lot Size Area 72361.0
Number of Buildings 9
Spa N
Lot Size Acres 1.66
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1940
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* Excluded Features
List By
Arizona Investment & Mgt, Llc

Broker

RealtorRyan3@gmail.com

Email

Affordability Calculator

$19,945
Per Month
91%
9%
0%
Monthly Principal & Interest
$18,111
Monthly Property Taxes
$1,834
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
260072 Elementary School
263420 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/23/2024$2,725,000 Listed Price

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1940 W BASELINE Road, Mesa, AZ, 85202 is a Commercial Property for sale at $2,725,000 with 12,046 sqft and a lot size of 1.66. 1940 W BASELINE Road is a studio with 0.0 baths and was built in 1984. The property's zip code is 85202 which is in Mesa, AZ

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