1995-2095 E Florida Ave - Storefront FOR SALE


Hemet, CA 92544
$6,995,000 USD
909-256-7889
1995-2095 E Florida Ave, Hemet, CA for Sale
$6,995,000 USD
Storefront - FOR SALE
1/30
null | 6.75% Cap Rate

1995-2095 E Florida Ave
Hemet, CA 92544


HIGHLIGHTS

  • Attractive Seller financing is available for qualified buyers, featuring a 6.00% interest-only rate with 35% down, for up to five years.
  • The property offers a solid investment opportunity with a strong initial cash-on-cash return of 8.1% from day one.
  • Current Cap Rate of 6.75% With a tremendous upside and a ProForma CAP Rate of 8.31%.
  • Multi-tenant strip center with NNN leases provide for minimal management obligation.
  • Hemet Town Plaza provides 150+ parking stalls which equates to a 2.50:1,000 parking ratio.
  • Signalized Corner Lot Anchored by TACO BELL, Big Box Retailer & CORNER DRUG STORE NAP (Not a Part)

OVERVIEW

$350,000 PRICE REDUCTION WITH ATTRACTIVE SELLER CARRY FINANCING. Hemet Town Plaza (the “Property”), a 58,035 SF single story, multi-tenant center located in the city of Hemet, Riverside County, California. The property is ideally located on Florida Avenue a major regional thoroughfare for the immediate trade area. The plaza consists of four separate buildings, situated on (3) parcels, totaling 4.56-acres. The property configuration, visibility, zoning, ample parking, available suites ranging from 750-7,275 Sq. Ft. and strategic location, all contribute, to make the Hemet Town Plaza an ideal location for a diverse tenant base. Surrounding retail properties demonstrate a constant growing market and operate at nearly a 95% occupancy rate. The property is currently 88% occupied with tremendous upside upon leasing out vacant space. The offering represents a true value-add asset, with below market rents, month-to-month tenants and a rare opportunity to reposition a pad building, with a premium location, on Florida Avenue frontage. Potential investors have the opportunity to produce significant cash flow, through aggressive management, marketing, continued rehabilitation and stabilization of the asset.

FOR SALE DETAILS

PRICE

$6,995,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

SELLER FINANCING

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

S. Yale Ave.

LAND ACRES

3.71 AC

LAND SF

161,608 SF

ZONING

C1

APN/PARCEL ID

445-280-039,445-280-040,445-280-043

ASK ABOUT THIS PROPERTY

Anthony LeLe Investment GroupMore Info
909-256-7889

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Anthony LeLe Investment GroupMore Info
909-256-7889

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