In just 30 days, Hanley Investment Group Real Estate Advisors successfully facilitated the sale of three newly-built, single-tenant properties featuring a 950-square-foot Dutch Bros Coffee drive-thru format. The properties were purchased by three different private buyers for a total of $8.08 million and each have a new absolute triple-net lease term lasting 15 years.
The first transaction involved Hanley’s EVPs Bill Asher and Jeff Lefko representing both the seller and developer, Evergreen Development, in the sale of a new Dutch Bros ground lease located at 14521 Ramona Blvd in Baldwin Park for $3.32 million. The buyer was represented by Brian Melkesian from Lee & Associates in Ontario.
Asher and Lefko also represented Evergreen Development in the second transaction which involved selling another Dutch Bros ground lease at 23140 Hemlock Ave in Moreno Valley for $2.61 million to a Los Angeles-based private investor who was represented by Ashley Berglund from Granite Capital Group.
Lastly, Asher and Lefko worked with local private investment firm to sell their newly-built Dutch Bros ground lease located at 526 Nestles Rd in Soledad for $2.15 million to an investor based out of Northern Los Angeles County who was represented by Maxi Case from Century21 Doug Andersonin Lancaster.
This impressive feat showcases Hanley Investment Group’s expertise as they continue to facilitate successful transactions within their market.
