Updated May 15, 2025
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2155 Chenault Drive
- Market: Carrollton
- Tenant: Steven Matthews - SIMStation
- Landlord's Representative: Justin Greenwood & Jason Finch - Bradford Commercial Real Estate Services
- Tenant's Representative: Jessica Reinhardt - Lee & Associates
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.
On the Map
Industrial
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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