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East Baseline Professional Plaza 1250 E Baseline Rd

10,272 SF 100% Leased Office Building Tempe, AZ 85283 $2,435,000 ($237/SF) 6.30% Cap Rate

Investment Highlights

  • 100% Leased Multi-tenant Property

Executive Summary

• 100% Leased Multi-tenant Property
• Wood frame and stucco construction
• 2 Stories with Elevator
• Well maintained courtyard
• 20 Covered Parking Spaces
• Rents are full service (net of janitorial) or gross.
• Prominent street frontage and buildings along Baseline Rd
• Each Suite has its own Bathroom
• New roof underlayment & coating March 2022

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
10,272 SF
Building Class
B
Year Built/Renovated
1980/2022
Price
$2,435,000
Price Per SF
$237
Cap Rate
6.30%
NOI
$153,488
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,136 SF
Building FAR
0.31
Lot Size
0.75 AC
Zoning
PCC-2 - Commercial, City of Tempe
Parking
49 Spaces (4.77 Spaces per 1,000 SF Leased)

Amenities

  • Courtyard

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
133-38-003B
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$121,377
  • Listing ID: 33524047

  • Date on Market: 10/15/2024

  • Last Updated:

  • Address: 1250 E Baseline Rd, Tempe, AZ 85283

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