RealSource Group And ParaSell, Inc Facilitate Sale Of 47,000 SF Retail Property In Richmond
19409 W Bellfort St, Richmond, TX, USA
Building Size
47,000 SF
Asset Type
Retail
Closing
Sep 27, 2021
AI
A 4.93-acre retail property located at 19409 W Bellfort St in Richmond has been sold. The transaction took place on 09/27/2021. The property, encompassing 47,000 square feet, was listed with Austin Blodgett, a representative from RealSource Group and ParaSell, Inc. The property was sold at a capitalization rate of 6.60%.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Market: Richmond
- Address: 19409 W Bellfort St
- Square Footage: 47,000
- Capitalization Rate: 6.60%
Austin Blodgett, representing RealSource Group and ParaSell, Inc, played a key role in the sale of this retail property in Richmond.
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