State Street Flex - Value Add Opportunity

980-1000 N State Street, Hemet, CA 92543

  • For Sale $4,960,000
  • Property Type Retail - Strip
  • Property Size 89,375 SF
  • Additional Rent Contact for pricing
  • Date Updated Nov 18, 2024
Multiple Paths to Create Value: Including the lease-up of the existing 49% of vacant space, development or sale of the additional 1.55 acres of land (which is included in the sale and already separately parceled), or piecing off individual portions of the property and selling them separately at a higher price per square foot.State Street Flex - Value Add Opportunity

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Highlights

  • Textbook Value-Add Opportunity: With a current occupancy of 51% and low in-place rents averaging $0.92/SF gross, the asset features significant room for increased NOI and value creation.

Contacts

broker

Greg Bedell, CCIM

Progressive Real Estate Partners

Location

Getting Around

  • Walk Score ®

    40/100 Car-Dependent

  • Bike Score ®

    44/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Hemet, CA
  • Zip Code 92543
  • Market Inland Empire

Points of Interest

  • Arco

    0.39 miles

  • Super 8

    0.97 miles

  • 76

    1.15 miles

  • Exxon

    1.17 miles

  • Mobil

    1.27 miles

  • 7-Eleven

    1.31 miles

  • Fastrip

    1.35 miles

  • ARCO

    1.38 miles

  • Shell

    1.53 miles

  • USA Gasoline

    1.67 miles

  • San Jacinto Assembly Of God Park And Ride

    1.72 miles

  • Lot C

    2.90 miles

  • Staff Parking

    2.94 miles

  • Lot B

    3.05 miles

  • Lot E

    3.11 miles

  • Lot D

    3.11 miles

  • East Marina Diamond Valley Lake

    4.49 miles

  • School Parking

    4.64 miles

  • El Pollo Loco

    0.76 miles

  • Wendy's

    0.78 miles

  • Quiznos

    0.79 miles

  • McDonald's

    0.92 miles

  • J&J's Diner

    1.17 miles

  • Jack in the Box

    1.44 miles

  • Angie's Diner

    1.56 miles

  • Chili's

    1.71 miles

  • Papa John's

    1.72 miles

  • Polly's Pies

    1.80 miles

  • ALDI

    0.89 miles

  • Walmart Supercenter

    0.93 miles

  • Stater Bros.

    1.01 miles

  • Walmart Neighborhood Market

    1.35 miles

  • Sears

    1.69 miles

  • JCPenney

    1.71 miles

  • Hemet Valley Mall

    1.75 miles

  • Burlington

    1.84 miles

  • Sprouts Farmers Market

    1.86 miles

  • Stater Bros. Markets

    2.34 miles

Frequently Asked Questions

How much does State Street Flex - Value Add Opportunity cost?

The space currently listed for sale at State Street Flex - Value Add Opportunity asks for $4,960,000.

What is the total square footage of State Street Flex - Value Add Opportunity?

State Street Flex - Value Add Opportunity totals 89,375 square feet.

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Contact Listing Broker

broker

Greg Bedell, CCIM

Progressive Real Estate Partners