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17301 Melford Boulevard

Blake Tarleton Signs Lease At 17301 Melford Boulevard With TNT Services Group In Bowie
LEASEDIndustrial

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:

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

Mike White

St. John Properties

Broker

3 deals

Broker

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