Hanley Investment Group Brokers $1.9M Sale Of Dutch Bros. Coffee Drive-Thru In Beaumont
SWC 8th St & Highland Springs Ave, Beaumont, CA 92223
$1,900,000
$2,065/SF
Building Size
920 SF
Asset Type
Retail
Closing
May 2, 2023
AI
The Hanley Investment Group Real Estate Advisors has successfully brokered the sale of a new single-tenant building located at SWC 8th St & Highland Springs Ave in Beaumont, CA. The property, which is occupied by a Dutch Bros. Coffee drive-thru under a 15-year triple-net ground lease, was sold for $1.9 million. The building spans an area of 920 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,900,000
- Address: SWC 8th St & Highland Springs Ave, Beaumont, CA 92223
- Market: N/A
The buyer, a California-based private investor, was represented by Trevor Harris of Triwell Properties Inc. On the other hand, the seller, Evergreen Development, enlisted the services of Bill Asher and Jeff Lefko from Hanley Investment Group Real Estate Advisors to handle the transaction.
Players
Los Angeles 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93