3095 W Devonshire Ave 14,821 SF Office Building Hemet, CA 92545 $8,581,608 CAD ($579.02 CAD/SF) 6.68% Cap Rate

This 14,821 SF single-tenant facility was custom-built for the U.S. Social Security Administration (SSA) in 2006 and received significant tenant and building upgrades in 2022. Located in the growing city of Hemet, within the San Jacinto Valley of Riverside County, this property serves a region recognized as one of the fastest-growing retirement communities in California. The SSA recently renewed its lease in 2022 with a new 15-year term, including a 10-year firm, non-cancellable period and a 5-year non-firm term, backed by the full faith and credit of the United States of America. The General Services Administration (GSA), which manages the lease, is known for its strong renewal history and reliability as a tenant. Set on a 1.84-acre parcel with 66 parking spaces, this property benefits from its strategic location surrounded by essential businesses and public services, ensuring continued relevance and stability for years to come. This is a rare opportunity to own a federally backed asset with a strong tenant, long-term lease security, and a proven history of occupancy.