Price Upon Request
Commercial Property for Sale in South Holland Illinois 60473
South Holland, Illinois
Soft OfferCommercial Property for Sale in Hemet California 92545
1735 W Florida Ave, Hemet, California 92545
$2,243,000
$109 / sq ft 6.75% cap rate Listed Nov 2, 2024
20,571 sqft
Building
20,571 sqft
Lot
1970
Built
1
Stories
1
Units
Class B
Class
About this property
Commercial Property for Sale in Hemet California 92545 is a retail for sale in Hemet, California, listed at $2,243,000. Key details: year built 1970, building size 20,571 sqft, lot size 20,571 sqft, stories 1. Listed by Chris Maling of Avison Young on LoopingCloud and last updated November 2, 2024.
Avison Young is pleased to present the sale of the Harbor Freight Tools located at 1735 West Florida Avenue in Hemet, California. This ±20,571 SF property is located at in a busy retail center in a large commercial corridor of Hemet. Located off of main thoroughfare West Florida Avenue (±30,520 VPD), the asset gets great street visibility and their is ample parking for customers at the center. Harbor Freight has 11 years remaining on the base term of the lease, and they have four (4), five (5) year options. This is an excellent opportunity to invest in a stable asset in the coveted California retail market.
Key highlights
- Net Lease Investment
- Recent parking lot resurfacing
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1970
- Building Size
- 20,571 sqft
- Lot Size
- 20,571 sqft
- Stories
- 1
- Total Units
- 1
- Building Class
- Class B
- Property Status
- Normal Sale
- Building Status
- Existing
- Net Lease Investment
- Yes
Pricing details
- Net Operating Income
- $151,400
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
6.75%
Cap rate
$151,400
Net operating income
$109
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $2,243,000 | 6.75% | - | - | - |
Features and amenities
Prominent Tenants
- ±20,571 SF property leased by National Tenant, Harbor Freight Tools
Highlights
- 11 years remaining on lease term, and four (4), five (5) year options
- Recent parking lot resurfacing
- Situated off heavily trafficked West Florida Ave (Highway 79)
- Numerous nearby synergistic national retailers including Red Robin, Chili’s, Sprouts Farmers Market, PetSmart, Ulta Beauty, and more
Location
Address as shown by the lister.
Get directionsAbout this area - Hemet
- Population
- 25,687
- Housing units
- 14,057
- Land area
- 40.1 sq mi
- County
- Riverside
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Frequently asked questions
What is the asking price of Commercial Property for Sale in Hemet California 92545?
Commercial Property for Sale in Hemet California 92545 is listed at $2,243,000. That works out to about $109 per square foot. The stated cap rate is 6.75%.
Where is Commercial Property for Sale in Hemet California 92545 located?
The property is in 1735 W Florida Ave, Hemet, California 92545, Riverside County.
What type of property is this?
This is a retail for sale in the commercial category.
How big is the property?
The building is 20,571 sqft. The lot is 20,571 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Chris Maling of Avison Young listed this property. Use the Request Info button to send a message or call +1 (213) 618-3824.
When was this listing published?
It was published on November 2, 2024 and last updated on November 2, 2024.
Listing information
- Listing ID
- CL-California-12676
- Published
- Nov 2, 2024
- Last updated
- Nov 2, 2024
- Views
- 306
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Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.
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