Brandon & Zach Wright - The Boulder Group Sell Freddy’s Frozen Custard Property For $2.5M
2945 Dougherty Ferry Road
$2,500,000
Building Size
—
Asset Type
Retail
Closing
Mar 4, 2024
AI
The $2.5 million sale of a restaurant property at 2945 Dougherty Ferry Road in Valley Park, a St. Louis suburb, has been successfully facilitated by The Boulder Group. The property houses Freddy’s Frozen Custard & Steakburgers.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,500,000
- Address: 2945 Dougherty Ferry Road
- Market: St. Louis, MO
- Brokers: Brandon Wright & Zach Wright - The Boulder Group
Brandon Wright and Zach Wright, representing The Boulder Group, played a key role in the transaction involving the retail property housing Freddy’s Frozen Custard & Steakburgers in Valley Park.
Players
Saint Louis Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93