VirTra buys Chandler, AZ property for $10.8M, takes $8.6M mortgage at 3%

VirTra, Inc

Purchased 76,650 sq ft industrial building on 4.3 acres for $10.8M cash and mortgage.
$8.6M mortgage from Arizona Bank & Trust at 3% annual interest, matures Aug 23, 2031.
Monthly payments ~$40,978, balloon payment $5.96M due at maturity.
Plans to move headquarters within 9 months; expects lower monthly facility costs.
Current Tempe locations total ~42,860 sq ft; new building has two tenants with multi-year leases.

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