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
About this deal
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.
On the Map
Retail
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Players
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