2420 Baseline Rd Tempe, AZ 85283
Prime AZ R&D Portfolio: 5.6 Years Remaining
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- High-quality tenant: Leading clinical research organization specializing in early-stage clinical trials and bioanalytical services.
- Exceptional operating history: 91 years serving diverse pharma and biotech clients.
- Strong lease terms: 5.5-year Absolute NNN lease with 2% annual rent increases.
- Below-market rent: Attractive investment basis with high renewal probability.
- Unique asset: Celerion's sole North American, and one of only three global, clinical research facilities.
- Mission-critical facility: High tenant investment; costly and difficult to replicate.
Property Details for 2420 Baseline Rd
- Property type
- Life science properties, Office properties
- Square Feet
- 233,565 SF
- Year Built
- 1973
- Buildings
- 2
- Lot Size (sq. ft)
- 666,468 SF
Location Insight
- City
- Tempe
- County
- Maricopa
- State
- Arizona
- Latitude
- 33.378296517955
- Longitude
- -111.97477281347
Nearby Similar for Sale
FAQs
- What type of property is this?
- Life science property - Prime AZ R&D Portfolio: 5.6 Years Remaining
- Where is the life science property located?
- The property is located at 2420 Baseline Rd Tempe, AZ.
- What are key features of this property?
- This property features: High-quality tenant: Leading clinical research organization specializing in early-stage clinical trials and bioanalytical services.; Exceptional operating history: 91 years serving diverse pharma and biotech clients.; Strong lease terms: 5.5-year Absolute NNN lease with 2% annual rent increases.
- How can I contact the broker?
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