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19409 W Bellfort St, Richmo...

RealSource Group And ParaSell, Inc Facilitate Sale Of 47,000 SF Retail Property In Richmond
SOLDRetail

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

Austin Blodgett

RealSource Group

Broker

$44.8M

vol

11 deals

Broker

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