Civic Plaza
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Civic Plaza
3 Retail Properties in Hemet, CA
Investment Highlights
- Recent 10-Year Lease Extension with County Credit
- Expected Double-Digit Cap Rate with Upside
- $6.2M Capital Investment Since Tenant Took Occupancy
- Large retail pad development opportunity.
- Mission-critical government hub.
- Auction Site: https://rimarketplace.com/auction/2059/129-958-sf-cash-flowing-retail-office-center-with-significant-upside?utm_source=costar
Executive Summary
RI Marketplace Online Auction Oct 28-30
Register to bid on Marketplace
Colliers, in conjunction with RealInsight Marketplace, is pleased to present the opportunity to acquire the fee-simple interest in Civic Plaza (the “Property”), a 129,958 square-foot mixed-use retail center in Hemet, California.
Civic Plaza was previously a grocery-anchored center and now 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 ten 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 long-standing history and over 10 years of firm lease term 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
Register to bid on Marketplace
Colliers, in conjunction with RealInsight Marketplace, is pleased to present the opportunity to acquire the fee-simple interest in Civic Plaza (the “Property”), a 129,958 square-foot mixed-use retail center in Hemet, California.
Civic Plaza was previously a grocery-anchored center and now 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 ten 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 long-standing history and over 10 years of firm lease term 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
Property Facts
| Sale Conditions | Auction Sale | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 129,958 SF |
| Status | Active | Total Land Area | 20.85 AC |
| Number of Properties | 3 |
| Sale Conditions | Auction Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 129,958 SF |
| Total Land Area | 20.85 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 535-537 N San Jacinto St, Hemet, CA 92543 | Retail | 5,477 SF | 1971 | - |
|
Bldg 6
503-529 N San Jacinto Ave, Hemet, CA 92543 |
Retail | 15,337 SF | 1971 | - |
| 541-573 N San Jacinto St, Hemet, CA 92543 | Retail | 109,144 SF | 1971 | - |
Sale Advisors
Sale Advisors
Mark Schuessler, Executive Vice President
(310) 622-1916
Contact
Mark Schuessler serves as Executive Vice President with Colliers. Prior to joining the firm in 2022, Mark closed more than 80 sales transactions with a total volume of over $1.5 billion.
Before Colliers, Mark served as a Managing Director with Newmark in the Century City office. He previously was part of a specialized dispositions team at CWCapital, facilitating the sale of more than $3.9 billion of real estate and non-performing CMBS loans across all major asset classes throughout the U.S.
Mark has a vast pool of experience to draw from, having transacted on both stabilized and distressed assets, with a unique ability to navigate choppy waters and bring buyers and sellers together.
Mark holds a bachelor’s degree in economics from Bucknell University.
Before Colliers, Mark served as a Managing Director with Newmark in the Century City office. He previously was part of a specialized dispositions team at CWCapital, facilitating the sale of more than $3.9 billion of real estate and non-performing CMBS loans across all major asset classes throughout the U.S.
Mark has a vast pool of experience to draw from, having transacted on both stabilized and distressed assets, with a unique ability to navigate choppy waters and bring buyers and sellers together.
Mark holds a bachelor’s degree in economics from Bucknell University.
Sean Fulp, Vice Chair
(415) 310-7331
Contact
Based in Los Angeles, Sean Fulp serves as Vice Chair and Head of Office Capital Markets | U.S. Southwest with Colliers. Throughout his career, Sean has completed over 500 transactions worth more than $7 billion in total consideration.
Before Colliers, Sean led the Newmark Private Capital Group. In 2021, Sean and his team facilitated 60 transactions and $1.2 billion in total consideration spanning various product types and markets. In 2017, 2018, and 2021, he received Chairman’s Circle 100 distinction, awarded to the Top 100 Producers across Newmark nationally.
Sean previously served as Managing Director and Head of Western U.S. Investment Sales at Rockwood Real Estate Advisors. In this role, he built the company’s western U.S. practice and sold assets in all product type categories throughout major western markets such as Los Angeles, the San Francisco Bay Area, Seattle, Las Vegas, Phoenix and Denver.
Prior to Rockwood Sean was a Managing Director of Cornish & Carey Commercial (acquired by Newmark in 2014) in San Francisco, where he focused on institutional office and industrial sales. Between 2010 and 2012 alone, he completed more than $1 billion in transaction volume. From 2004 to 2009, he was with Cornish & Carey Commercial in Sacramento, where he consistently ranked among the entire company’s Top 20 producers.
Sean has received industry designations from the Society of Industrial and Office Realtors (SIOR) and CCIM Institute and is a member of the NAIOP, International Council of Shopping Centers (ICSC), and Urban Land Institute (ULI).
Sean earned a bachelor’s degree in business administration with a concentration in marketing from California State University, Sacramento. He is also a graduate of the Sacramento Entrepreneurship Academy. During this time, he was the starting scrumhalf for the 2000 Collegiate Division II National Rugby Champions.
Before Colliers, Sean led the Newmark Private Capital Group. In 2021, Sean and his team facilitated 60 transactions and $1.2 billion in total consideration spanning various product types and markets. In 2017, 2018, and 2021, he received Chairman’s Circle 100 distinction, awarded to the Top 100 Producers across Newmark nationally.
Sean previously served as Managing Director and Head of Western U.S. Investment Sales at Rockwood Real Estate Advisors. In this role, he built the company’s western U.S. practice and sold assets in all product type categories throughout major western markets such as Los Angeles, the San Francisco Bay Area, Seattle, Las Vegas, Phoenix and Denver.
Prior to Rockwood Sean was a Managing Director of Cornish & Carey Commercial (acquired by Newmark in 2014) in San Francisco, where he focused on institutional office and industrial sales. Between 2010 and 2012 alone, he completed more than $1 billion in transaction volume. From 2004 to 2009, he was with Cornish & Carey Commercial in Sacramento, where he consistently ranked among the entire company’s Top 20 producers.
Sean has received industry designations from the Society of Industrial and Office Realtors (SIOR) and CCIM Institute and is a member of the NAIOP, International Council of Shopping Centers (ICSC), and Urban Land Institute (ULI).
Sean earned a bachelor’s degree in business administration with a concentration in marketing from California State University, Sacramento. He is also a graduate of the Sacramento Entrepreneurship Academy. During this time, he was the starting scrumhalf for the 2000 Collegiate Division II National Rugby Champions.
Ryan Plummer, Executive Vice President
(310) 622-1917
Contact
Ryan Plummer serves as Executive Vice President with Colliers, focusing on office, life science, medical, flex R&D and industrial properties throughout the Southwestern U.S.
Throughout his 16-year career, Mr. Plummer has facilitated the disposition of more than $4 billion of office and industrial assets throughout the United States.
Before joining Colliers, Ryan was a Managing Director at Newmark Capital Markets. He also previously led Ten-X’s Los Angeles office, where he focused on leveraging technology to curate buyers for unique assets.
Ryan earned a bachelor’s degree in business administration with a concentration in entrepreneurship and real estate finance from the University of Southern California. He was one the USC Dean’s List and played on the USC Rugby team.
Throughout his 16-year career, Mr. Plummer has facilitated the disposition of more than $4 billion of office and industrial assets throughout the United States.
Before joining Colliers, Ryan was a Managing Director at Newmark Capital Markets. He also previously led Ten-X’s Los Angeles office, where he focused on leveraging technology to curate buyers for unique assets.
Ryan earned a bachelor’s degree in business administration with a concentration in entrepreneurship and real estate finance from the University of Southern California. He was one the USC Dean’s List and played on the USC Rugby team.
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Mark Schuessler -
Sean Fulp -
Ryan Plummer -
Jordan Garcia -
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