3095 Devonshire Ave Hemet, CA 92545-5003
- Office buildings
- 14,821 SF
- 1.84 lot acres
Current Use by Public Records
- Social Security Administration / Social Security Office
Property Details for 3095 Devonshire Ave
- Year built
- 2006
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.84 lot acres
- Property size
- 14,821 SF
- Zone code
- C1
- Property type
- Office buildings
- APN
- 448-310-002
- APU
- 448310002
Description
This exceptional 14,821 square foot office building, situated on a 1.84-acre lot at 3095 W Devonshire Avenue in Hemet, California, presents a compelling investment opportunity. Constructed in 2006 and recently updated in 2022, the property boasts a strong, long-term lease. The current tenant, a Social Security Administration office, signed a new 15-year modified gross lease in April 2022, with 13 years remaining. This lease includes annual rent increases, ensuring a consistent and growing return on investment. Located in the rapidly growing city of Hemet within Riverside County, this property is ideally suited for investors seeking high cash flow and tenant security. Hemet's population, as of 2002, was 90,689, and it's recognized as one of California's fastest-growing cities for retirees. The property's strategic location and the stability provided by the long-term lease with a government tenant make this an attractive option for 1031 exchange investors and those seeking a secure, high-yield investment in the national GSA landlord market. The building's recent renovations ensure its continued functionality and appeal, further enhancing its investment potential. This is a rare opportunity to acquire a high-quality, income-producing asset in a thriving market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hemet
- County
- Riverside
- State
- California
- Longitude
- -117.005
- Latitude
- 33.7505
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
