Winston Plaza

Shopping Center for Sale
Catylist Listing ID: 30501009
Property Subtypes: Neighborhood Center, Strip Center
Building Size (RSF): 22,007 SF
Gross Building Area: See Agent
Gross Land Area: 1.97 Acres
Sale Price: $5,500,000
Unit Price: $249.92 PSF
Property Use Type: Investment
Building Name: Winston Plaza
Sale Terms: Other
Cap Rate: 6.45%
Average Occupancy Rate: 89
Last Updated: 10/17/2019

Overview / Comments

Winston Plaza provides an investor a great opportunity with significant upside. The subject property is a well-positioned investment situated in one of the fastest growing submarkets in the Inland Empire. This investment opportunity allows an investor to collect competitive cash flow while stabilizing the asset.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 448-240-020, 448-240-021, 448-240-022
Zoning: C2
Traffic/Vehicle Count: 29,000
Area Description: Winston Plaza is located within the primary retail corridor of east and west transportation in Hemet, at the intersection of Sanderson and Devonshire Avenues, in close proximity to Highway 74. The investment is between the cities of Hemet and San Jacinto with traffic counts of approximately 29,000 cars per day. Hemet is easily accessible from Interstates 215, 15 and 10. Hemet is a city in the San Jacinto Valley of Riverside County, California. In 2017, the city had a population count of 160,128 people. It is estimated that the population will be 174,367 people five years from now, which represents an increase of 8.89 percent from the current year. Some of the major employers are Hemet Unified School District, Valley Health System, Walmart and Deutsch Industrial
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Excellent
Year Built: 2006
Total Parking Spaces: 57

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,984 81,682 142,754
Median Age: 53.05 38.44 36.92
Households: 5,861 30,168 49,761

Contact

Photograph of Listing Agent

Pablo Rodriguez

NAI Capital, Inc.
DACIE Member

Sponsoring Organization

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