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2155 Chenault Drive

SIMStation Signs 10,202 Square Foot Lease At Avion Business Center In Carrollton
LEASEDIndustrial

SIMStation Signs 10,202 Square Foot Lease At Avion Business Center In Carrollton

2155 Chenault Drive

Building Size

10,202 SF

Asset Type

Industrial

Closing

May 12, 2025

AI

The property asset involved in the transaction is located at 2155 Chenault Drive in Carrollton. This industrial asset encompasses a total square footage of 10,202 and is situated within the Carrollton market.

Summary of transaction details:

In this lease transaction, SIMStation signed a lease for 10,202 square feet at Avion Business Center, marking a relocation of its U.S. headquarters from Miami. The landlord was represented by Justin Greenwood and Jason Finch from Bradford Commercial Real Estate Services, while Jessica Reinhardt from Lee & Associates represented the tenant.

Players

Jason Finch

Rich Young Company

Broker

28 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