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286 N San Jacinto Street, Hemet, CA

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286 N San Jacinto Street

Hemet, CA 92543 - South Riverside Submarket

Property Type:Office Sub Type:Medical Status:Existing Year Built:-
Stories:1 Typical Floor:- Building Size:5,254 SF
For Sale Price:$550,000 Price/SF:$104.68
Cap Rate:6.50 %
Parking:Free Surface spaces are available; Ratio of 1.9/1,000 SF Amenities:Bus Line, Mezzanine, Signage

The subject property is a banked owned 5,254 SF former dental office with full build-outs. The building was renovated/converted into a dental office in 2006. Total cost of the job was approximately $475,000. The improvements were constructed over a concrete slab foundation. The roof is tar and gravel with Spanish tile façade; and exterior walls are stucco. The building also has a small back yard.

The interior build-outs consist of: central AC, speaker system, front lobby, reception area, 6 exam rooms, a front office, 4 bathroom, living/storage area, and a garage. One of the 4 bathroom has a shower. The hallways consist of carpet while reception area, front office, bathrooms and exam rooms consist of tile flooring. The garage has a metal roll-up door with concrete flooring.

The subject property is located east side of N. San Jacinto St. ,just south of E. Devonshire Ave., within the city of Hemet, Riverside County, California. Surrounding adjacent properties include retail and multi-family residence uses.
Directly across the street to the west is Hemet Valley Medical Center, a 327 bed hospital that serves as the largest private employer in the Hemet-San Jacinto Valley.

Sale Notes:
LEASE INVESTMENT OPPORTUNITY with a cap rate of approximately 6.5%. Approximately 3,000 sf of the building is occupied by a dentist and the remaining 2,000 sf is currently only being used as storage but could built-out and leased for approximately $2,000 per mo. It is located directly across the street from the Hemet Valley Medical Center.

Net Lease Investment with 4 years left on lease

Century 21 Osborne Realty
Becky Kocher

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