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

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.