1830-1902 E Baseline Rd - Storefront Retail/Office FOR SALE


Mesa, AZ 85204- Central Mesa
$22,600,000 USD
480-292-3697
1830-1902 E Baseline Rd, Mesa, AZ for Sale
$22,600,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | 7.35% Cap Rate

1830-1902 E Baseline Rd
Mesa, AZ 85204
Central Mesa


HIGHLIGHTS

  • ANCHOR TENANT WITH 20 YEAR HISTORY AT CENTER INVESTING $3 MILLION IN IMPROVEMENTS
  • DOMINANT MESA / GILBERT INTERSECTION WITH NEARLY 80,000 VEHICLES PER DAY
  • HIGH PERFORMING CENTER WITH 99.3% AVERAGE OCCUPANCY SINCE 2020
  • STABLE TENANCY WITH A 7.6 YEAR WEIGHTED AVERAGE LEASE TERM
  • 50% OF REPLACEMENT COST AT $175 PER SQUARE FOOT

OVERVIEW

EXCLUSIVELY REPRESENTED BY ORION INVESTMENT REAL ESTATE'S ARI SPIRO & SEAN STUTZMAN Mesa Commons is a highly occupied, 129,315 square foot neighborhood retail center situated on approximately 9.6 acres at a signalized intersection in Mesa, Arizona. The property benefits from excellent visibility, strong access, and exposure to approximately 80,000 vehicles per day, establishing it as as a dominant retail presence within the immediate trade area. PROPERTY HIGHLIGHTS: Anchor Tenant with 20 year history at center investing $3 million in improvements Dominant Mesa / Gilbert intersection with nearly 80,000 vehicles per day High performing center with a 99.3% average occupancy since 2020 Stable tenancy with a 7.6 year weighted average lease term 50% of replacement cost at $175 per square foot

FOR SALE DETAILS

PRICE

$22,600,000 USD

PRICE/SF

$175 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mesa Commons

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

500

LAND DETAILS

LAND ACRES

9.58 AC

LAND SF

417,305 SF

ZONING

LC, Mesa

APN/PARCEL ID

139-09-548

ASK ABOUT THIS PROPERTY

Ari SpiroORION Investment Real EstateMore Info
480-292-3697

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Ari SpiroORION Investment Real EstateMore Info
480-292-3697

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.