535-537 San Jacinto St, Hemet, CA 92543
3 Retail Properties in Hemet, CA
For Sale
Active
- Property Type
-
Retail
- Square Feet
- 129,958 SF
Listing Contacts
Mark Schuessler
Sean Fulp
Ryan Plummer
Jordan Garcia
Property Overview
Colliers is pleased to present the opportunity to acquire the fee-simple interest in Civic Plaza (the “Property”), a 129,958 square-foot retail/office center in Hemet, California.
Civic Plaza serves as a mission-critical, government services hub in the Inland Empire that employs approximately 600 people. The Property is currently 78% leased to the County of Riverside’s Department of Public Social Services and is home to three separate divisions, including the Self Sufficiency Division, Children’s Services Division, and Adult Services Division. These vital public resources have occupied the center for the past 18 years and recently recommitted to the Property for an additional seven years.
The Property serves as a crucial headquarters of public services for the approximately 280,000 residents that call the Hemet-San Jacinto area home. The next closest social services facilities are approximately 20 miles from the Property, reinforcing the absolute necessity of this location.
Civic Plaza is the most active social services clinic in all of Riverside County, serving the largest population base of any with upwards of 2,000 visitors per day.
Civic Plaza was built in 1971 and just completed a full exterior facade renovation in early 2024. The building sits on an oversized 10.65-acre lot with above-market 4.75/1,000 parking at a highly desirable corner of a heavily trafficked intersection.
In addition to the in-place cash flow, the property offers massive upside via existing retail vacancy as well as a large retail pad redevelopment opportunity where a 15,337 SF building currently sits.
The offering presents an attractive opportunity to acquire a mission-critical, government-leased facility with a longstanding history at an attractive yield with huge upside via retail lease up and a retail pad redevelopment opportunity.
Emilio Lemeni
c/o Fisher Auction Company Inc.
License: 00961384
Civic Plaza serves as a mission-critical, government services hub in the Inland Empire that employs approximately 600 people. The Property is currently 78% leased to the County of Riverside’s Department of Public Social Services and is home to three separate divisions, including the Self Sufficiency Division, Children’s Services Division, and Adult Services Division. These vital public resources have occupied the center for the past 18 years and recently recommitted to the Property for an additional seven years.
The Property serves as a crucial headquarters of public services for the approximately 280,000 residents that call the Hemet-San Jacinto area home. The next closest social services facilities are approximately 20 miles from the Property, reinforcing the absolute necessity of this location.
Civic Plaza is the most active social services clinic in all of Riverside County, serving the largest population base of any with upwards of 2,000 visitors per day.
Civic Plaza was built in 1971 and just completed a full exterior facade renovation in early 2024. The building sits on an oversized 10.65-acre lot with above-market 4.75/1,000 parking at a highly desirable corner of a heavily trafficked intersection.
In addition to the in-place cash flow, the property offers massive upside via existing retail vacancy as well as a large retail pad redevelopment opportunity where a 15,337 SF building currently sits.
The offering presents an attractive opportunity to acquire a mission-critical, government-leased facility with a longstanding history at an attractive yield with huge upside via retail lease up and a retail pad redevelopment opportunity.
Emilio Lemeni
c/o Fisher Auction Company Inc.
License: 00961384
Highlights
- Auction Site: https://rimarketplace.com/auction/2059/129-958-sf-cash-flowing-retail-office-center-with-significant-upside?utm_source=costar
- Mission-Critical Government Hub
- Large Retail Pad Development Opportunity
- $5.5 Million of Recent Capital Investment
- Proximity to Hospital and Primary Retail Corridor
- Tight Submarket Vacancy Without Relocation Options
All available spaces
- Space
- Size
- 5,477 SF
- Space Subtype
- Retail
- Space
- Size
- 109,144 SF
- Space Subtype
- Retail
- Space
- Bldg 6
- Size
- 15,337 SF
- Space Subtype
- Retail
Nearby Properties
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