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19150 West Bellfort Street

David Fisher Joshua Ungerecht Warren Thomas Of ExchangeRight Acquire Retail Asset In Richmond From GBT Realty
SOLDRetail

David Fisher Joshua Ungerecht Warren Thomas Of ExchangeRight Acquire Retail Asset In Richmond From GBT Realty

19150 West Bellfort Street

Building Size

23,256 SF

Asset Type

Retail

Closing

Oct 14, 2025

AI

The property involved in the transaction is a newly built retail asset featuring a total square footage of 23,256. It is located at 19150 West Bellfort Street in Richmond, Texas, and is part of the 143-acre Waterview Town Center development.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 19150 West Bellfort Street
  • Market: Richmond
  • Asset Size: 23,256 SF
  • Buyer: David Fisher, Joshua Ungerecht & Warren Thomas - ExchangeRight
  • Seller: GBT Realty
  • Buyer's Representative: JRW Realty
  • Seller's Representative: JLL

JLL Capital Markets facilitated the sale, representing the seller GBT Realty. JRW Realty acted on behalf of the buyer, Southern California–based ExchangeRight, ensuring that the transaction was handled efficiently and effectively.

Players

JRW Realty
JRW RealtyBrokerage
JLL
JLLBrokerage

David Fisher

Buyer

$16.9M

vol

3 deals

Buyer
ExchangeRight
ExchangeRightBuyer

Richmond 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93