Blake Tarleton Signs Lease At 17301 Melford Boulevard With TNT Services Group In Bowie
17301 Melford Boulevard
Building Size
11,501 SF
Asset Type
Industrial
Closing
Apr 23, 2024
AI
The industrial property located at 17301 Melford Boulevard in Bowie, MD spans 11,501 square feet. The lease agreement was signed between the landlord, St. John Properties, and the tenant, Blake Tarleton of TNT Services Group, Inc.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Applicable
- Address: 17301 Melford Boulevard
- Market: Bowie, MD
- Landlord: St. John Properties
- Tenant: Blake Tarleton - TNT Services Group, Inc
- Landlord's Rep: Mike White - St. John Properties
- Tenant's Rep: Kevin O’Neil - CBRE
Blake Tarleton from TNT Services Group, Inc, represented by Kevin O’Neil of CBRE, is set to relocate and expand their facilities within Prince George’s County, Maryland. The move involves leasing space at St. John Properties’ Melford Town Center, marking a significant business decision for the company.
Players
Bowie 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