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SELLER FINANCING 1995-2095 E Florida Ave 58,035 SF 100% Leased Retail Building Hemet, CA 92544 $9,764,461 CAD ($168.25 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Attractive Seller financing is available for qualified buyers, featuring a 6.00% interest-only rate with 35% down, for up to five years.
- Current Cap Rate of 6.75% With a tremendous upside and a ProForma CAP Rate of 8.31%.
- Hemet Town Plaza provides 150+ parking stalls which equates to a 2.50:1,000 parking ratio.
- The property offers a solid investment opportunity with a strong initial cash-on-cash return of 8.1% from day one.
- Multi-tenant strip center with NNN leases provide for minimal management obligation.
- Signalized Corner Lot Anchored by TACO BELL, Big Box Retailer & CORNER DRUG STORE NAP (Not a Part)
EXECUTIVE SUMMARY
$350,000 PRICE REDUCTION WITH ATTRACTIVE SELLER CARRY FINANCING. Hemet Town Plaza (the “Property”), a 58,035 SF single story, multi-tenant center located in the city of Hemet, Riverside County, California. The property is ideally located on Florida Avenue a major regional thoroughfare for the immediate trade area. The plaza consists of four separate buildings, situated on (3) parcels, totaling 4.56-acres. The property configuration, visibility, zoning, ample parking, available suites ranging from 750-7,275 Sq. Ft. and strategic location, all contribute, to make the Hemet Town Plaza an ideal location for a diverse tenant base. Surrounding retail properties demonstrate a constant
growing market and operate at nearly a 95% occupancy rate. The property is currently 88% occupied with tremendous upside upon leasing out vacant space. The
offering represents a true value-add asset, with below market rents, month-to-month tenants and a rare opportunity to reposition a pad building, with a premium
location, on Florida Avenue frontage. Potential investors have the opportunity to produce significant cash flow, through aggressive management, marketing, continued
rehabilitation and stabilization of the asset.
growing market and operate at nearly a 95% occupancy rate. The property is currently 88% occupied with tremendous upside upon leasing out vacant space. The
offering represents a true value-add asset, with below market rents, month-to-month tenants and a rare opportunity to reposition a pad building, with a premium
location, on Florida Avenue frontage. Potential investors have the opportunity to produce significant cash flow, through aggressive management, marketing, continued
rehabilitation and stabilization of the asset.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
58,035 SF
Building Class
C
Year Built
1983
Price
$9,764,461 CAD
Price Per SF
$168.25 CAD
Cap Rate
6.75%
NOI
$659,101 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.36
Lot Size
3.71 AC
Zoning
C1 - Commercial
Frontage
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $15,914,644 CAD (2025) | |
| Land Assessment | $2,666,701 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $13,247,943 CAD (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,666,701 CAD (2025)
Improvements Assessment
$13,247,943 CAD (2025)
Total Assessment
$15,914,644 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
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SELLER FINANCING | 1995-2095 E Florida Ave
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