151 N Lyon Ave
Hemet, CA 92543
Vacant/Former Ebix Office Building · Office Property For Sale

Marcus & Millichap is pleased to present an office building located at 151 North Lyon Avenue in the city of Hemet, California. There is a lease in place at the subject property that expires on 1/31/2018. The tenant has vacated the property early and would be open to allowing a tenant to sublease the property or occupy the property. The tenant is currently paying $139,788 NN ($1.08/SQFT) annually. The building boasts a very strong parking ratio of 5.5; 1,000 square feet which has enough spaces to accommodate any type of endeavor. The property is a 10,765 square-foot office building located on an approximately 1.25 acres lot. The property was constructed in 1987, and was remodeled in 2013. Approximately $100,000 was spent in the remodel which included: bathroom upgrades, carpeting, paint, new lighting fixtures, etc. In mid 2000, Hemet was one of the fastest growing cities in Southern California and experienced an influx of new families seeking more affordable housing opportunities. Since 1992, the city has had a significant increase in population, more than doubling from 36,094 residents in 1990 to the 78,053 residents reported in the 2010 U.S. Census. The number of housing units in the city also doubled from 19,692 units in 1990 to a total of 38,032 units in 2010. Of the 27 cities in Riverside County, Hemet currently ranks as the seventh highest in population and fourth highest in the number of housing units and is poised for continued growth in the future. Despite these dramatic changes over the past few years, Hemet has sought to offer an increasing number of residents a high standard of living while maintaining a distinctive small town character.