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12/23/25
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Phoenix-based ViaWest Group has purchased 5416 East Baseline Road, a two-story, 63.8k sf office building located in Mesa, AZ that is anchored by Banner Gateway Medical Center. The price was not disclosed.
The infill, suburban office property is 95% occupied by eight tenants, primarily in the healthcare and financial services industries. Built in 2001, the building features efficient floor plates offering flexibility for a wide range of uses and ample parking including some covered spaces. The property provides a consistent income stream with a varied rollover and future operational upside.
The building is within walking distance of a host of retail, restaurant and hospitality amenities, with over 8.9 msf of retail within a three-mile radius. It also benefits from convenient access to the US 60 Freeway and is less than one mile from Banner Gateway Medical Center Hospital, home to the world-renowned Banner MD Anderson Cancer Center. Additionally, there are 20 hotels within a three-mile radius, enhancing the location's appeal.
Barry Gabel, Chris Marchildon and CJ Osbrink with Newmark represented the seller, Minneapolis-based Founders Properties, in the deal. Marchildon notes that the property offers secure cash flow today and compelling long-term upside due to its strong in-place occupancy and the ability to migrate tenancy toward high-demand medical users.
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