Updated Dec 21, 2023
Visintainer Group Acquires Retail Property In Hemet For $13.9M
1300 Florida Avenue, Hemet, California 92544, United States
$13,900,000
$135/SF
Building Size
102,546 SF
Asset Type
Retail
Closing
Apr 3, 2022
About this deal
AI
A retail property located at 1300-1480 E. Florida Ave. in Hemet has been sold for a total price of $13,900,000. The property offers a total square footage of 102,546, resulting in a price per square foot of $135.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $13,900,000
- Address: 1300-1480 E. Florida Ave., Hemet
- Square Footage: 102,546
- Price per Square Foot: $135
The Visintainer Group represented the buyer in this transaction, while Winston Guest, Matthew Mousavi, and Patrick Luther from the National Net Lease Group (SRS) acted as the seller's representatives.
On the Map
$13,900,000
$135/SF
Retail
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Players
Hemet Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.14%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93