facebook
Traded Co logo
Submit
Daily limit: 0/10

California Investor Acquires Harbor Freight Tools Property In Hemet For $2.24M Represented By Avison Young

Property Image
SOLD
$2,240,000
David Maling
Christopher (Chris) Maling

California

See Similar Deals
Retail20,571 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

California Investor Acquires Harbor Freight Tools Property In Hemet For $2.24M Represented By Avison Young

1735 West Florida Avenue

See Similar Deals
Retail20,571 SF
Sold
David Maling
Christopher (Chris) Maling
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$108
Total Square Footage:20571 SF
Transaction Type:Sale

A 20,571 square foot retail property located at 1735 West Florida Avenue in Hemet, California was involved in the transaction. The property, under an absolute NNN lease with 11 years remaining, was sold for $2,240,000, translating to a price per square foot of $109. The transaction covers an area of 1.16 acres.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,240,000
  • Address: 1735 West Florida Avenue
  • Market: Hemet
  • Asset Size: 20,571 SF
  • Price per Square Foot: $109
  • Seller: Limited Partnership
  • Brokers: Chris Maling & David Maling - Avison Young

Chris Maling and David Maling represented the seller, a California-based limited partnership, in this transaction. A California investor completed the purchase of the property, which is fully leased to Harbor Freight Tools.

Players

David Maling
Avison Young
David Maling
12 deals$98.6M volume
BROKER
Christopher (Chris) Maling
Avison Young
Christopher Maling
10 deals$79M volume
BROKER

Details

SOLD
IMAGE: Chris Maling & David Maling DATE: 04/25/2025 ADDRESS: 1735 West Florida Avenue MARKET: Hemet ASSET TYPE: Retail ~ ACRES: 1.16 SELLER: Limited Partnership BROKERS: Chris Maling & David Maling - Avison Young (@Avison_Young_Global) SALE PRICE: $2,240,000 SF: 20,571 ~ PPSF: $109 NOTE: A California investor paid $2.24M for a 20,571 SF Harbor Freight Tools property in Hemet with 11 years left on an absolute NNN lease. Avison Young’s Chris and David Maling represented the seller, a California-based LP.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$119,466.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,958.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,618.74
Annual Debt Service$127,424.91