SAN DIEGO, CA (January 26, 2022) — Freddy’s & Dunkin’ Drive-thru sold for $5.97 million, Commercial Asset Advisors announced.
Matt Monterroso and Mike Conger of CAA represented the buyer, Crivello Properties, LLC.
Through CAA’s comprehensive search and evaluation process, they identified the highly desirable brand new construction as a Qualified Opportunity Zone site and Absolute Net leased investment.
“We were able to identify the unique strategic addition to our client’s portfolio through a two-pronged approach,” Monterroso said. “Due to the property’s new construction, undepreciated improvements, and Opportunity Zone (OZ) location, our client will benefit from the (OZ) tax savings without the burden of construction. Secondly, the Absolute Net lease structure provides true passive income.”
Durango is a highly ranked ski resort destination providing a desirable customer base for the popular national tenants -Dunkin’ & Freddy’s. The address is 1254 & 1246 Escalante Drive, Durango, Colorado, 81303.
For additional information, you may contact Mike Conger, CAA Principal (DRE Lic. # 01381193), at mike@caacre.com or Matt Monterroso (DRE Lic. #02073919), at matt@caacre.com.
About Commercial Asset Advisors
Commercial Asset Advisors is a San Diego-based commercial real estate brokerage that specializes in serving the unique needs of individual private clients, as well as family offices, corporate, institutional, nonprofit and national organizations. As a full-service CRE firm, our team has assisted property owners from Central San Diego, North County, East County, South County and beyond to maximize the value of their investments including office, retail, industrial, apartment and multi—family, mixed-use projects, ground-up development tenant representation and much more. With experience earned through exceptional hard work, CAA has successfully completed over 1,400 sale and lease transactions totaling over $500 million in consideration. CAA provides unmatched customer service and strategic advice in all areas, asset types, and transaction structures.