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Arizona Investment & Management LLC is pleased to present the rare opportunity to acquire a 12,046 square foot multi-tenant retail property highlighted by a T-Mobile retail showroom and training facility. The Lakes at 1940 West Baseline Road, Mesa, AZ, 85202 at the western endcap of the Dobson Commercial Shopping Center, a multi-tenant, BAIZ Market Place anchored retail shopping center. It is ideally located in the heart of Dobson Ranch in Mesa.This 9-unit property is 100% occupied with a 7.3% cap rate! Leases have scheduled annual rent escalations. Plus well-seasoned Tenants that include T-Mobile (5,588 SF retail showroom and training center, remodeled this year) in occupancy since 04', Platinum Salon, a Tenant since 88', Chiropractic Care Center since 07', and China Express since 03'.
| DAYS ON MARKET | 22 | LAST UPDATED | 4/25/2024 |
|---|---|---|---|
| TRACT | DOBSON COMMERCIAL CENTER | YEAR BUILT | 1984 |
| COMMUNITY | DOBSON COMMERCIAL CENTER | COUNTY | Maricopa |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| BUYER'S BROKERAGE COMPENSATION | 2.50 |
| CONSTRUCTION | Block |
| HEAT | None |
| LOT | 1.66 acre(s) |
| SEWER | Public Sewer |
| SUBDIVISION | DOBSON COMMERCIAL CENTER |
| TAXES | 22005 |
| ZONING | LC |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Arizona Investment & Mgt, LLC
The ARMLS logo indicates a property listed by a real estate brokerage other than Fenix CRE.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Data last updated 5/15/24 7:28 AM PDT.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Data last updated 5/15/24 7:28 AM PDT.
This IDX solution is (c) Diverse Solutions 2024.
