480-236-9511
2145 E Baseline Rd, Tempe, AZ for Sale
Office - FOR SALE
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2145 E Baseline Rd
Tempe, AZ 85283
The Lakes


OVERVIEW

2145 E Baseline Road is a single-tenant medical office building used for administrative offices and an approximately 3,000 SF urgent care clinic. Situated on 5.26 acres in Tempe, Arizona, the property is 100% leased to NextCare Arizona LLC. NextCare has invested approximately $4 million in tenant improvements and operates under a double- net lease through August 31, 2033. The lease structure requires the tenant to pay all operating expenses, while the landlord is responsible only for the roof (which is new and under warranty) and ordinary structural maintenance. The property offers long-term stable cash flow with a weighted average lease term of 7.58 years and a corporate guaranty from NextCare Inc and CellTower income from T-Mobile.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

344

LAND DETAILS

LAND ACRES

4.61 AC

LAND SF

200,812 SF

ZONING

PCC-1, Tempe

APN/PARCEL ID

301-01-993

ASK ABOUT THIS PROPERTY

Stuart Milne, CCIM, SIORMenlo Group Commercial Real EstateMore Info
480-236-9511

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Stuart Milne, CCIM, SIORMenlo Group Commercial Real EstateMore Info
480-236-9511

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