IE Business Daily Business news for the Inland Empire.
A three-building retail property in Hemet has been sold for $9.5 million.
KPC Towne Centre at 2375 – 2465 W. Florida Ave. includes a Chipotle, T-Mobile, Chuck E Cheese, and Dominos among its eight tenants, according to SRS Real Estate Partners’ National Net Lease Group.
SRS’ Newport Beach office represented the owner and developer of the project, a private family trust based in Southern California whose name was not released.
The buyer, a private investor in Los Angeles who also wished to remain anonymous, was represented by Dream Realty Asset Management in Los Angeles.
Built-in 1995 and renovated in 2004, KPC Towne Centre is near a development that includes Spouts, Burlington, and Regal Cinemas. Its sale price was among the highest paid for a retail property in Hemet in the last five years, according to SRS.
