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1231 W Baseline Rd 3,926 SF 100% Leased Retail Building Mesa, AZ 85202 $1,999,999 ($509.42/SF) 6% Cap Rate
Investment Highlights
- High traffic count
- Stand alone building
- Bright open spaces
Executive Summary
This property is an excellent opportunity to have either your tenant in place, or you use the building. The Seller would like to lease back after the sale. There are 2 businesses in the building. One business is a restaurant and the other is a barber shop. Great location on Baseline west of Alma School Rd. The property is a stand alone building with good parking.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,926 SF
Building Class
C
Year Built
1986
Price
$1,999,999
Price Per SF
$509.42
Cap Rate
6%
NOI
$120,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.54 AC
Zoning
C-2, Mesa - Commercial- City LC and County CG
Parking
59 Spaces (15.03 Spaces per 1,000 SF Leased)
Frontage
139’ on Baseline Road
Amenities
- Pylon Sign
- Restaurant
- Drive Thru
- Monument Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Sofia Valencia & Charles Sanea
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Sofia Valencia & Charles Sanea | Services | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 305-07-952A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $104,926 |
Property Taxes
Parcel Number
305-07-952A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$104,926
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1231 W Baseline Rd
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