Hemet Strip Center 3 Retail Properties Offered at $3,100,000 in Hemet, CA

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.