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Office

910 E Florida Ave

910 E Florida Ave, Hemet, CA 92543

Listing Price: $800,000

Cap Rate
5.70%
Gross SF
4,500
Rentable SF
4,500
Price/Gross SF
$177.78
Lot Size
0.36 acres
Year Built
1980

Investment Overview

Marcus & Millichap is pleased to exclusively present “The 910 Building “located in Hemet, CA. This well maintained, nine office suite building has maintained a 95% or higher occupancy rate for over 30 years. Situated on a corner lot, the property has excellent street exposure on E. Florida Ave. with high traffic counts. In addition, there is a parking lot entrance/exit on E. Florida Ave and N. Santa Fe Street. There are a total of three single story office buildings, with each building containing three office suites. Each office suite has their own restroom, individually metered for gas & electric, and has a central A/C rooftop unit for each office. All the suites are ± 500 SF, with long term tenants and on month-to-month leases. The 910 Building offers privacy gates for each building and a total of 17 open parking spaces, with 1 being handicap. The current rents are significantly below market and offers an investor an add-value opportunity with increasing rents to the market rate.

Investment Highlights

  • 100% Occupied with long term tenants
  • Three Single Story Office Buildings, situated on a corner lot
  • 9 Individual Offices: each with their own restroom and separately metered for gas & electric
  • Central A/C rooftop unit for each individual office
  • 95% + occupancy for over 30 Years
  • Excellent street exposure on Florida Ave, with high traffic counts

Exclusively Listed By

Financing By

Office

910 E Florida Ave

Listing Price: $800,000

Cap Rate
5.70%
Gross SF
4,500
Rentable SF
4,500
Price/Gross SF
$177.78
Lot Size
0.36 acres
Year Built
1980

Investment Highlights

  • 100% Occupied with long term tenants
  • Three Single Story Office Buildings, situated on a corner lot
  • 9 Individual Offices: each with their own restroom and separately metered for gas & electric
  • Central A/C rooftop unit for each individual office
  • 95% + occupancy for over 30 Years
  • Excellent street exposure on Florida Ave, with high traffic counts

Investment Overview

Marcus & Millichap is pleased to exclusively present “The 910 Building “located in Hemet, CA. This well maintained, nine office suite building has maintained a 95% or higher occupancy rate for over 30 years. Situated on a corner lot, the property has excellent street exposure on E. Florida Ave. with high traffic counts. In addition, there is a parking lot entrance/exit on E. Florida Ave and N. Santa Fe Street. There are a total of three single story office buildings, with each building containing three office suites. Each office suite has their own restroom, individually metered for gas & electric, and has a central A/C rooftop unit for each office. All the suites are ± 500 SF, with long term tenants and on month-to-month leases. The 910 Building offers privacy gates for each building and a total of 17 open parking spaces, with 1 being handicap. The current rents are significantly below market and offers an investor an add-value opportunity with increasing rents to the market rate.

Exclusively Listed By

Financing By

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