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Hemet Retail Sells for $5.9M

Time Equities, Inc. purchased the retail center at 1111-1189 S. State St. in Hemet, CA, for $5.85 million, or about $101 per square foot, from Wohl Investment Company.

The property was around 93 percent occupied at the time of sale. Built in the 1970s, the asset totals 58,034 square feet on 5.1 acres, part of the Sprouts-anchored Diamond Valley Shopping Center at the southwest corner of S. State St. and W. Stetson Ave.

Eric Wohl of Hanley Investment…

via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/Hemet-Retail-Sells-for-$59M/149293?ref=/News/Article/Hemet-Retail-Sells-for-$59M/149293&src=rss

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