Colliers International Represents Accelevation LLC On 31,835 SF Industrial Sublease In Carrollton
1215 West Crosby Road
Building Size
31,835 SF
Asset Type
Industrial
Closing
Feb 6, 2024
AI
A 31,835-square-foot industrial property located at 1215 West Crosby Road in Carrollton, Dallas has been leased. The property is part of a larger complex totaling 184,855 square feet, constructed in 2014.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Market: Carrollton
- Square Footage: 31,835
- Address: 1215 West Crosby Road
The landlord of the property is Brendan Bauer, representing Grand Fusion Housewares LLC. The tenant, on the other hand, is Michael Rubiera, representing Accelevation LLC. Engaged in the lease deal, Adam Graham and Corbin Blount from Lee & Associates act as the landlord's representatives, while Bill Buntyn, Danny Stimson, and Mike Cleary from Colliers International represent the tenant.
Additional information indicates that this 31,835-square-foot industrial sublease was brokered by Corbin Blount and Adam Graham, who represented the sublessor, Grand Fusion Housewares LLC. The sublessee, Accelevation LLC, was represented by Mike Cleary, Bill Buntyn, and Danny Stimson.
Players
Carrollton Industrial Market Snapshot
Boundary boundary · Industrial · Lease 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