4824 E Baseline Rd - Medical CONDO FOR SALE


Mesa, AZ 85206- Superstition Springs
$2,300,000 USD
602-526-8469
4824 E Baseline Rd, Mesa, AZ for Sale
$2,300,000 USD
Medical CONDO - FOR SALE
1/15
null | 7.7% Cap Rate

4824 E Baseline Rd
Mesa, AZ 85206
Superstition Springs


HIGHLIGHTS

  • LONG-TERM, PASSIVE CASH FLOW: NNN lease— tenant pays 100% of OpEx*, taxes, insurance, and utilities—delivering truly hands-off income for ±3.5 years
  • BUILT-IN GROWTH: Base rent steps up 3% annually through December 16 2028, compounding the current ±$177,000 NOI
  • ATTRACTIVE ENTRY BASIS: Offered at $2.3 million ($389.83/SF) for a 7.7% cap rate—rare pricing for a healthcare asset with national brand affiliation
  • ESSENTIAL, RECESSION-RESILIENT USE: Pediatric care remains a critical service in all economic climates
  • PRIME EAST-VALLEY MEDICAL NODE: Less than one mile from Banner Gateway/MD Anderson and the new HonorHealth Mesa ER
  • SUPERIOR ACCESS & PARKING: Immediate connectivity to US-60 and Higley Road, with visibility along Baseline (±26K VPD)

OVERVIEW

Asking Price: $2,300,000 ($389.83 per SF) Current NOI: ˜ $177,000 | Cap Rate: 7.7 % Lease: Absolute NNN through December 16, 2028 (˜ 3.5 years remaining) with 3 % annual rent escalations. Tenant: PA Arizona MSO, LLC, an entity of Pediatric Associates—the nation’s largest privately-held pediatric primary-care group (250 + clinics across seven states). The tenant exercised its 3-year renewal 18 months early, underscoring commitment to the location. Hands-off ownership: tenant pays 100 % of operating expenses, taxes, insurance, and utilities; controllable OpEx capped at 3 % annually. Strategic Mesa–Gilbert border location serves a family-oriented trade area of 123 K residents within three miles, projected to grow nearly 9 % over five years, with median household incomes over $75 K.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$390 USD /SF

CAP RATE

7.7%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg 3

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

10,294 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

PEP

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Zack HarrisKidder MathewsMore Info
602-526-8469

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

Zack HarrisKidder MathewsMore Info
602-526-8469

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