Medical/commercial complex in Hemet sells

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Hemet, CA.

IE Business D. | Contributed

A medical/commercial complex in Hemet has been sold for $5.5 million.

Courtyard Medical & Professional Center at 910-960 N. State. St. was purchased by an out-of-country investor whose name was not released, Progressive Real Estate Partners in Rancho Cucamonga announced today.

The seller was a Newport Beach investor who also wished to remain anonymous. Progressive Real Estate represented both parties.

Built in 1981, the center covers nearly 40,000 square feet and is next to a Riverside County courthouse. It’s fully occupied and has 14 service-oriented tenants, including a law office, paralegal and DNA collections office.

The center is at the intersection of State Street and Fruitvale Avenue, which accommodates more than 20,400 vehicles a day. Thirteen qualified offers were made on the project, a sign that investors are willing to get into the Inland Empire’s second and third-tier markets, according to Progressive Real Estate.

Find your latest news here at the Hemet & San Jacinto Chronicle


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