±3,775 SF Building for Ground Lease/Sale

Highlights

• Opportunity to either lease the existing former bank which is ±3,775 SF or ground lease the parcel and replace the existing building.
• Prime positioning on E Florida Ave a major retail corridor that leads to the 215 FWY
• Located on the SWC of E. Florida Ave and Yale Street with visibility to ±26,688 / CPD
• Within a 3-mile radius, demographics show a daytime population of 11,745 and an overall population of 66,446 with an average household income in excess of $82,200.
• Surrounding national tenant mix includes Walmart Neighborhood Market, Stater Bros, Harbor Freight, Grocery Outlet, Planet Fitness, Starbucks, True Value, Taco Bell, Rent-A-Center and more
• Purchase financing is available to owner-users through the Small Business Administration. Down payments are as little as 10%.
• If purchased with 10% down ($139,000), the monthly loan payment is estimated at $8,074/month.
• After removing principal paydown and accounting for only the interest portion of the monthly loan payment, the cost to occupy (and own) this building is approximately $1.61/SF/month - far less than the cost of leasing.
• As an owner, one can benefit from the potential appreciation of the asset.
• SBA financing allows for buyers to lease up to 49% of their building, creating the opportunity to further reduce occupancy costs.

Attachments

• Hemet - 1995 E Florida Ave.pdf (PDF) opens in new window

Location