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Page Plaza | 7.25% Proforma 3 Retail Properties Offered at $18,906,188 CAD in Hemet, CA
Investment Highlights
- Prime Retail Center Location at the Hard, Signalized Corner of Sanderson Avenue and Stetson Avenue Boasting Traffic Counts of over 56,000 VPD
- Walmart Supercenter at Page Plaza Ranks in the Top 80th Percentile in the State of California per Placer.ai
- Strong Weighted Average Lease Term of 5.9 Years Remaining.
- Page Plaza is Shadow-Anchored by a Walmart Supercenter which Drives Consistent Shopper Traffic to the Surrounding Inline Tenants
- Built in 2009 and Professionally Positioned as a Modern Retail Center, Supporting Long-Term Tenancy and Reduced Near-Term Capital Intensity
- Value-Add Leasing Opportunity in the 9,000 SF Vacancy Providing Meaningful Upside.
Executive Summary
Page Plaza is a well-located, grocery-/value-driven power center in southwest Hemet with strong traffic counts, a national tenant lineup, and proximity to Walmart Supercenter. The center offers durable in-place cash flow, long-term lease rollover on much of the rent roll, and meaningful upside from the remaining vacant 9,000 SF suite.
Property Facts
| Price | $18,906,188 CAD | Status | Active |
| Price / SF | $301.99 CAD / SF | Number of Properties | 3 |
| Sale Condition | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 5.65% | Total Building Size | 62,605 SF |
| Sale Type | Investment NNN | Total Land Area | 12.71 AC |
| Price | $18,906,188 CAD |
| Price / SF | $301.99 CAD / SF |
| Sale Condition | 1031 Exchange |
| Cap Rate | 5.65% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 62,605 SF |
| Total Land Area | 12.71 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1165 S Sanderson Ave, Hemet, CA 92545 | Retail | 26,672 SF | 2009 | - |
| 1167-1169 S Sanderson Ave, Hemet, CA 92545 | Retail | 22,058 SF | 2009 | - |
|
Phase II
1171-1191 S Sanderson Ave, Hemet, CA 92545 |
Retail | 13,875 SF | 2009 | - |
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Page Plaza | 7.25% Proforma
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