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464 S Palm Ave 4,500 SF 100% Leased Office Building Hemet, CA 92543 $1,635,599 CAD ($363.47 CAD/SF) 4.85% Cap Rate
Executive Summary
4,500 SF Office/Medical building for sale currently occupied by two tenants for two more years. Great investment opportunity with flexible space use.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
4,500 SF
Building Class
B
Year Built
1989
Price
$1,635,599 CAD
Price Per SF
$363.47 CAD
Cap Rate
4.85%
NOI
$79,362 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,500 SF
Slab To Slab
12’
Building FAR
0.30
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
C2
Parking
6 Spaces (1.51 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Signage
- Storage Space
- Air Conditioning
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 446-031-004 | Improvements Assessment | $514,076 CAD |
| Land Assessment | $93,609 CAD | Total Assessment | $607,685 CAD |
Property Taxes
Parcel Number
446-031-004
Land Assessment
$93,609 CAD
Improvements Assessment
$514,076 CAD
Total Assessment
$607,685 CAD
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464 S Palm Ave
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