1995 Florida Ave, Hemet, CA, 92544

1995 Florida Ave, Hemet, CA, 92544 < >
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for sale
$6,895,000
Status:Active
MLS #:IV22107540
Date Updated:
For information contact:
CENTURY 21 MASTERS - Diamond Bar
(909) 595-5597
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HIGHLIGHT: Anchored Tenants Include: Rent-A-Center, True Value Hardware, US Post Office, Taco Bell (NAP) & Big Lots (NAP). Vacant Pad With Florida Ave. Frontage / Tremendous Upside ProForma CAP Rate of 7.00%, Property is currently 75% +/- Occupied With 70% Economic Occupancy. / Attractive Current Cap Rate of 5.99%. Recently Executed New 5-Year Lease With Built-in Rental Increases for Discount Retailer Occupying 7,275 SF / The offering represents a true value-add asset, with below market rents, month-to-month tenants and a are opportunity to reposition a pad building. / Signalized Corner Lot Anchored by New Taco Bell (NAP). Neighboring Rental Comparables Illustrate a 90%-95%. / Property wide rents average $0.83 PSF/month. Existing rents will be easily replaced or improved as leases roll. / Seasoned Tenancy. Anchored Tenants include Rent-A-Center, True Value Hardware, US Post Office, Taco Bell (NAP) & Big Lots (NAP). The Hemet Town Plaza (the property) a single story, multi-tenant center is located in the city of Hemet, Riverside County California. The property is currently 75% +/- occupied. Ideally located on Florida Avenue, which is a Major Regional Thoroughfare for the immedi
Community Information
County Or Parish: RiversideDirections: Located On Florida Avenue. 1995-2095 E Florida Ave. Hemet, CA.
MLS Area Major: 699 - Not Defined

Property Information From MLS Data
Property Sub Type: Retail

Utilities
Water Source: Public

Listing Information Courtesy of:
List Agent First Name: ALBERT
List Agent Last Name: LE
List Office Name: LE INVESTMENT GROUP

Walk Score® for 1995 Florida Ave
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Monthly Payment for 1995 Florida Ave
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$6,895,000
Down Payment:
Loan Amount:$5,516,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of ALBERT LE, LE INVESTMENT GROUP

Information obtained from CACRMLS is current as of 8/17/2022 4:36 PM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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