Private California Investor Acquires Dutch Bros Coffee Ground Lease In San Bernardino For $2.765M

A private California investor acquired a newly built Dutch Bros. Coffee ground lease located at 4236 North Varsity Avenue in San Bernardino. The transaction took place for $2,765,000, encompassing 950 square feet of retail space on a 1.09-acre site, representing a price per square foot of $2,911.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,765,000
• Address: 4236 North Varsity Avenue
• Market: San Bernardino
• Asset Size: 950 square feet
• Price per Square Foot: $2,911
• Cap Rate: 4.52%
• Seller: Paragon Commercial Group
• Buyer's Representative: JT Real Estate Group
• Seller's Representatives: Patrick Luther & Matthew Mousavi - SRS Real Estate Partners

The deal finalized on July 18, 2025, saw representation from Patrick Luther and Matthew Mousavi of SRS Real Estate Partners for the seller, Paragon Commercial Group. The buyer was represented in the transaction by JT Real Estate Group, acting on behalf of a 1031 exchange buyer.