VirTra purchases Chandler industrial building for $10.8M as new headquarters, obtains $8.6M mortgage

VirTra, Inc

Acquired 76,650 sq ft building on 4.3 acres for $10.8M; $8.6M financed with mortgage at 3.00%, due 2031.
New Chandler HQ to support growth in simulator production, recoil kit development, and training content creation.
Company expects move-in within nine months, sub-lease existing 42,860 sq ft Tempe offices; long-term cost savings expected.
Monthly payments of ~$40,978 begin Sep 23, 2021; balloon payment of ~$5.96M due Aug 23, 2031.

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