$13.9M Retail Sale Closed On 1300 E Florida Ave, Hemet By Matthew Mousavi And Winston Guest

Ramona Plaza, a retail center located at 1300-1480 E. Florida Ave. in Hemet, California, was recently sold for $13.9 million. This property, built in 1974 on 6.4 acres of land, features 102,546 square feet of retail space. At the time of the sale, Ramona Plaza was 88 percent occupied and included tenants such as Grocery Outlet, Planet Fitness, Dollar Tree, Aaron’s, Leslie’s Poolmart, Subway, and Little Caesars Pizza.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $13,900,000.00
• Address: 1300 E Florida Ave, Hemet, CA, 92544
• Market: Hemet
• Seller's Rep: Matthew Mousavi(SRS Real Estate Partners), Winston Guest(SRS Real Estate Partners)
• Seller: Unknown
• SF: 102546

The sale of Ramona Plaza was facilitated by Matthew Mousavi, Winston Guest, and Patrick Luther of SRS Real Estate Partners’ National Net Lease Group, who represented the seller in the transaction. On the buyer's side, The Visintainer Group played a key role in completing the deal between the Southern California-based investor selling to a California-based private investor.