Cushman & Wakefield of Phoenix sells 824 SF drive-thru coffee property
PHOENIX, May 20, 2019 – Cushman & Wakefield completed the sale of Dutch Bros, located at 3169 Willow Creek Road in Prescott, Ariz. 3169 Willow Creek, LLC of Mesa, Ariz. purchased the property from Willow Creek Prescott AZ, LLC of Terre Haute, Ind. for $2.09 million.
Chris Hollenbeck of Cushman & Wakefield’s Phoenix office negotiated the transaction on behalf of the buyer and seller.
The 824-square-foot, single-tenant building is 100% leased to Dutch Bros, the largest privately owned drive-thru coffee company. Recently completed in 2018, Dutch Bros is located at a Fry’s Grocery anchored intersection with other national tenants that include CVS, McDonald’s Dairy Queen, Jack in the Box, Taco Bell, Subway and Wells Fargo.
“This is the second Dutch Bros location up in Prescott and we are excited to help the original developers sell the property. This concept is growing rapidly in Arizona and I know the property will be a nice long-term investment for the buyer,” said Chris Hollenbeck.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.