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14521 Ramona Boulevard

Private Investors Purchase Three Dutch Bros Coffee Locations In California For $8.1 Million
SOLDRetail

Private Investors Purchase Three Dutch Bros Coffee Locations In California For $8.1 Million

14521 Ramona Boulevard, 23140 Hemlock Avenue & 526 Nestles Road

$8,100,000

Building Size

Asset Type

Retail

Closing

Jan 22, 2025

AI

The transaction involved three retail properties located at 14521 Ramona Boulevard, 23140 Hemlock Avenue, and 526 Nestles Road, collectively sold for $8,100,000. The market for these properties includes Baldwin Park, Moreno Valley, and Soledad. The properties are part of a portfolio that consists of Dutch Bros Coffee locations across California.

Summary of transaction details:

This sale was brokered by Hanley Investment Group, with Bill Asher and Jeff Lefko representing the sellers from Evergreen Development and a local investment firm. The buyers were private investors represented by brokers from multiple agencies, indicating a collaborative effort in facilitating the transaction.

Players

Bill Asher

Hanley Investment Group

Broker

$658.2M

vol

91 deals

Broker

Baldwin Park Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.96%

Cash-on-Cash

-0.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93