Updated Jan 28, 2025
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
About this deal
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
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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