PEAKE Technology Partners Leases 10567 Square Feet At 5021 Howerton Way Bowie From St. John Properties
5021 Howerton Way, Bowie, MD, 20715
Building Size
10,567 SF
Asset Type
Industrial
Closing
Jun 21, 2021
AI
The property asset involved in this transaction is located at 5021 Howerton Way, Bowie, MD, 20715. The total square footage of the lease is 10,567. It is situated in the Bowie market and is leased to PEAKE Technology Partners. The landlord for this property is St. John Properties.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 5021 Howerton Way, Bowie, MD, 20715
- Market: Bowie
- Tenant: PEAKE Technology Partners
- Landlord: St. John Properties
- Square Feet: 10,567
- Tenant's Rep: John A. Rosso, Jr.-Rosso Commercial Real Estate Services
The deal involves John A. Rosso, Jr. representing PEAKE Technology Partners in the leasing transaction. St. John Properties acts as the landlord for the property, facilitating the lease agreement with the tenant. The negotiation and related processes are overseen by Rosso Commercial Real Estate Services.
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