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

Property Image
SOLD
$8,100,000
Jeff Lefko
Bill Asher
+ 2

California

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Retail
Sold 01/22/2025
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Property Image
SOLD

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

14521 Ramona Boulevard, 23140 Hemlock Avenue & 526 Nestles Road

See Similar Deals
Retail
Sold 01/22/2025
Jeff Lefko
Bill Asher
+ 2
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Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Sale

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
90 deals$653.6M volume
BROKER

Jeff Lefko
Hanley Investment Group
88 deals$611.2M volume
BROKER

Brian Melkesian
Lee & Associates
2 deals$15.3M volume
BROKER

Ashley Berglund
1 deal$8.1M volume
BROKER

Maxi Case
Century 21
1 deal$8.1M volume(661) 940-1800
BROKER

Details

SOLD
IMAGE: Bruce Pomeroy, Andrew Skipper & Tyler Carlson, Ashley Berglund, Brian Melkesian, Maxi Case, Bill Asher & Jeff Lefko DATE: 01/22/2025 ADDRESS: 14521 Ramona Boulevard, 23140 Hemlock Avenue & 526 Nestles Road MARKET: Baldwin Park, Moreno Valley & Soledad ASSET TYPE: Retail SELLER: Bruce Pomeroy, Andrew Skipper & Tyler Carlson - Evergreen Development BUYER'S REP: Ashley Berglund - Granite Capital Group; Brian Melkesian - Lee & Associates (@LeeAssociatesRE); Maxi Case - Century 21 Doug Anderson SELLER'S REP: Bill Asher & Jeff Lefko (@JeffLef80) - Hanley Investment Group (@HanleyInvestmentGroup) SALE PRICE: $8,100,000 NOTE: Hanley Investment Group brokered the $8.1 million sale of three Dutch Bros Coffee locations in California, including properties in Baldwin Park ($3.32M), Moreno Valley ($2.61M), and Soledad ($2.15M). The buyers were private investors represented by brokers Brian Melkesian of Lee & Associates, Ashley Berglund of Granite Capital Group, and Maxi Case of Century 21 Doug Anderson, while Hanley's Bill Asher and Jeff Lefko represented the sellers, including Evergreen Development and a local investment firm.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$432,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,777.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,398.13
Annual Debt Service$460,777.59