3095 W Devonshire Ave - Office FOR SALE


Hemet, CA 92545- Outer San Jacinto
$6,500,000 USD
626-548-7684
3095 W Devonshire Ave, Hemet, CA for Sale
$6,500,000 USD
Office - FOR SALE
1/10
null | 6.3% Cap Rate

3095 W Devonshire Ave
Hemet, CA 92545
Outer San Jacinto


HIGHLIGHTS

  • The area is home to established retail centers such as the Hemet Valley Mall and Hemet Village Shopping Center.
  • As a top retirement destination in California, Hemet's expanding population boosts demand for local services and retail.
  • In 2022, the building underwent significant tenant and capital improvements, enhancing its functionality and appeal.
  • The property features 66 dedicated parking spaces, accommodating both staff and visitors.

OVERVIEW

This 14,821 SF single-tenant facility was custom-built for the U.S. Social Security Administration (SSA) in 2006 and received significant tenant and building upgrades in 2022. Located in the growing city of Hemet, within the San Jacinto Valley of Riverside County, this property serves a region recognized as one of the fastest-growing retirement communities in California. The SSA recently renewed its lease in 2022 with a new 15-year term, including a 10-year firm, non-cancellable period and a 5-year non-firm term, backed by the full faith and credit of the United States of America. The General Services Administration (GSA), which manages the lease, is known for its strong renewal history and reliability as a tenant. Set on a 1.84-acre parcel with 66 parking spaces, this property benefits from its strategic location surrounded by essential businesses and public services, ensuring continued relevance and stability for years to come. This is a rare opportunity to own a federally backed asset with a strong tenant, long-term lease security, and a proven history of occupancy.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$439 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

63

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

C-1

APN/PARCEL ID

448-310-002

ASK ABOUT THIS PROPERTY

Sharon ChangReMax Premier PropertiesMore Info
626-548-7684

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

Sharon ChangReMax Premier PropertiesMore Info
626-548-7684

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