Private Investor Acquires Property From Private Family Trust For $9.5 Million In Hemet

The Shops at KPC Towne Centre, located at 2375 W Florida Ave, Hemet, CA, 92545, was sold for $9,500,000.00. This property encompasses three buildings with a total square footage of 20,167, situated on a two-acre site. The retail center was built in 1995 and underwent renovations in 2004, with eight tenants fully occupying the space at the time of sale. It is noted as an outparcel to KPC Towne Centre, which houses Sprouts Farmers Market, Burlington, and Regal Cinemas.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $9,500,000.00
• Address: 2375 W Florida Ave, Hemet, CA, 92545
• Market: Hemet
• Buyer: Private Investor
• Seller: Private Family Trust
• Buyer's Rep: Jason Paukovits - Dream Realty Asset Management
• Seller's Rep: Matthew Mousavi & Max Sabino - SRS Real Estate Partners

Matthew Mousavi, Patrick Luther, and Max Sabino of SRS’ National Net Lease Group were involved in representing the seller, while Jason Paukovits of Dream Realty Asset Management acted as the representative for the buyer in this transaction.