Hemet Strip Center Retail FOR SALE


Hemet, CA - Outer San Jacinto
$3,350,000 USD
213-568-4622
, Hemet, CA for Sale
$3,350,000 USD
Retail - FOR SALE
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Hemet Strip Center
Hemet, CA
Outer San Jacinto


OVERVIEW

Newmark Pacific and CBRE are pleased to present the opportunity to acquire a well-located multi-tenant retail strip center positioned at the signalized southwest corner of E. Florida Avenue (State Route 74) and San Jacinto Street (State Route 79) in Hemet, California. The property —1235 E. Florida Street — offers approximately 12,930 square feet of gross leasable area on 34,848 square feet of land with strong frontage and visibility along one of the most trafficked intersections in the trade area. Currently 91.5% occupied by a mix of nine local and regional tenants, the property offers stable in-place income with significant value-add potential. The majority of leases are either month-to-month or near expiration, giving an investor flexibility to re-lease space at market rates or transition tenants to NNN lease structures. Ownership has been with the same private family for over two decades, and the offering represents the first time the property is being brought to market. Ownership is divesting the asset as part of a long-planned retirement from active management.

ASK ABOUT THIS PROPERTY

Steve BernierNewmarkMore Info
213-568-4622

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Steve BernierNewmarkMore Info
213-568-4622

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.