Sale of KPC Towne Centre marks one of the highest priced retail centers sold in Hemet in more than 5 years
HEMET, Calif., — SRS Real Estate Partners’ National Net Lease Group (NNLG) announced today it has completed the $9.55 million sale of Shops at KPC Towne Centre located at 2375 – 2465 W. Florida Avenue in Hemet, CA. Situated on two acres, the fully occupied three-building property totals 20,167 square feet and includes eight tenants and this sale marks one of the highest-priced retail centers sold in the City of Hemet in more than five years.
SRS NNLG’s Managing Principals Matthew Mousavi and Patrick Luther and Associate Max Sabino represented the seller and original developer, a private family trust based in Southern California. The buyer, a Los Angeles-based private investor was represented by Jason Paukovits of dream Realty Asset Management.
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“This property offered the buyer a strong mix of ecommerce-resistant tenants and a hard corner, highly visible location with a strong line up of food and service uses, including Chipotle, T-Mobile, Chuck E Cheese, and Dominos, among others,” said Mousavi. “We marketed this well-located, pad to this Sprouts-anchored shopping center to our network of investors and brokers, securing multiple offers and achieving a great result for both parties.”
Built in 1995 and remodeled in 2004, the highly visible property is situated at the signalized intersection of W. Florida Avenue/State Highway 74 and Kirby Street. The property is an outparcel to KPC Towne Center which includes Spouts, Burlington, and Regal Cinemas.
Year-to-date, SRS’ National Net Lease Group (NNLG) has completed more than 580 transactions valued in excess of $1.8 billion and has in excess of $2.0 billion in property on the market.
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Trevor Montgomery, 51, moved in 2017 to the Intermountain area of Shasta County from Riverside County and operates Riverside County News Source (RCNS) and Shasta County News Source (SCNS). Both are stringer organizations, providing breaking news coverage and community interest stories for other mainstream media organizations throughout the two regions they serve.
Additionally, he writes or has written for several other news organizations; including Riverside County based newspapers Valley News, Valley Chronicle, Anza Valley Outlook, and Hemet & San Jacinto Chronicle; the Bonsall/Fallbrook Village News in San Diego County; and Mountain Echo in Shasta County. He is also a regular contributor to Thin Blue Line TV and Law Enforcement News Network and has had his stories featured on news stations throughout the Southern California and North State regions.
Trevor spent 10 years in the U.S. Army as an Orthopedic Specialist before joining the Riverside County Sheriff’s Department in 1998. He was medically retired after losing his leg, breaking his back, and suffering both spinal cord and brain injuries in an off-duty accident. (Click here to see segment of Discovery Channel documentary of Trevor’s accident.)
During his time with the sheriff’s department, Trevor worked at several different stations; including Robert Presley Detention Center, Southwest Station in Temecula, Hemet/Valle Vista Station, Ben Clark Public Safety Training Center, and Lake Elsinore Station; along with other locations.
Trevor’s assignments included Corrections, Patrol, DUI Enforcement, Boat and Personal Water-Craft based Lake Patrol, Off-Road Vehicle Enforcement, Problem Oriented Policing Team, and Personnel/Background Investigations. He finished his career while working as a Sex Crimes and Child Abuse Investigator and was a court-designated expert in child abuse and child sex-related crimes.
Trevor has been married for more than 30 years and was a foster parent to more than 60 children over 13 years. He is now an adoptive parent and his “fluid family” includes 13 children and 18 grandchildren.