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:
- Property Type: Retail
- Transaction Amount: $8,100,000
- Sale Locations: Baldwin Park ($3.32M), Moreno Valley ($2.61M), Soledad ($2.15M)
- Seller: Bruce Pomeroy, Andrew Skipper & Tyler Carlson - Evergreen Development
- Seller's Representatives: Bill Asher & Jeff Lefko - Hanley Investment Group
- Buyer's Representatives: Ashley Berglund - Granite Capital Group; Brian Melkesian - Lee & Associates; Maxi Case - Century 21 Doug Anderson
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
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