Updated Dec 21, 2023
CBD Investments Acquires Retail Property In Hemet For $5.6M
910 State Street, Hemet, California 92543, United States
$5,600,000
$140/SF
Building Size
39,796 SF
Asset Type
Retail
Closing
Jan 26, 2022
About this deal
AI
A retail property located at 910-960 N. State St. in Hemet has been sold for $5,600,000. The property spans a total of 39,796 square feet, resulting in a price per square foot of $140. The transaction took place on January 27, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,600,000
- Square Footage: 39,796
- Price Per Square Foot: $140
- Address: 910-960 N. State St., Hemet
- Market: Hemet
The buyer in this transaction, represented by Henry Liu from CBD Investments, successfully acquired the retail property. On the other hand, the seller, Greg Bedell from Progressive Real Estate Partners, facilitated the sale.
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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93