Marcus & Millichap Brokers $3.1M Sale Of Dutch Bros Retail Property In Valparaiso Indiana

The recently completed transaction involved a retail property located at 2510 Laporte Avenue in Valparaiso, IN. The asset has a size of 2,495 square feet and was sold for a price of $3,100,000, which translates to a price per square foot of $1,242.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,100,000
• Square Footage: 2,495
• Address: 2510 Laporte Avenue
• Market: Valparaiso, IN

The transaction was brokered by a team from Marcus & Millichap, comprising Austin Weisenbeck, Sean Sharko, Adrian Mendoza, Phoebe Klein, and Julia Evinger. The property is leased to Dutch Bros under a new 15-year absolute triple-net lease with a corporate guarantee from Boersma Bros LLC. An Indiana-based buyer acquired the asset from a Midwest developer for over 96% of the asking price.