Hanley Investment Group Real Estate Advisors arranged the sale of a brand-new construction, single-tenant property occupied by a Dutch Bros Coffee Drive-Thru in Beaumont. The sale price was $1.9 million for the new 15-year absolute triple net ground lease.
EVPs Bill Asher and Jeff Lefko represented the seller and developer, Evergreen Development while Trevor Harris of Triwell Properties Inc., based in Torrance, represented the buyer – a private investor from Riverside County.
Asher noted that multiple competitive offers were generated to procure an all cash 1031 exchange buyer local to Beaumont before completion of construction on site: “We implemented pre-sale marketing strategies which secured our buyer prior to opening day; escrow closed immediately after business commenced.”
