525 Baseline RdMesa, AZ 85210

Property Details for 525 Baseline Rd

Year built

1999

Construction

STEEL FRAME

Lot size

3.50 AC

Property size (Sq ft)

11,661 SF

Zone code

LI

Property type

Retail properties

Property subtype

Retail space

APN

302-04-006M

APU

30204006M

Description

This exceptional Class A industrial property, located at 525 W Baseline Rd in Mesa, Arizona, presents a unique owner-user opportunity. Boasting 36,140 square feet on a 4.41-acre lot, this vacant distribution/flex/warehouse facility offers significant advantages. Built in 1999 and extensively renovated in 2019, the property features a two-story building with 23-25 foot ceiling heights, two loading docks, and two dock-high doors. The 2019 renovations included a complete office refurbishment, a new concrete-paved yard, and the installation of a roof-mounted solar system, resulting in significant monthly energy savings via a solar lease. The property includes 84 parking spaces (18 covered) and an additional one-acre fenced and secure yard. The building is equipped with a 1200-amp, 120/208v power system, a sprinkler system, and LED motion-sensor lighting. Zoned LI by the City of Mesa, this property is ideal for a variety of industrial uses. The asking price is $10,000,000, translating to $276.70 per square foot. Parcel numbers are 302-04-006M & 302-04-006R. This is a rare opportunity to acquire a fully improved, modern industrial facility in a prime Mesa location. The property is vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $5,082,560

  6.5%

  $4,691,594

  7%

  $4,356,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,176,839

  Geo Method

  $6,176,839

• Alternative Use

  Use

  Valuation

  Residential

  $3,957,535

  Hospitality

  $3,625,080

  Educational

  $3,016,024

  Medical

  $3,119,750

  Retail

  $4,691,594

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.378

Longitude

-111.845

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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