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1215 West Crosby Road

Colliers International Represents Accelevation LLC On 31,835 SF Industrial Sublease In Carrollton
LEASEDIndustrial

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

Adam Graham

Lee & Associates

Broker

24 deals

Broker

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