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5021 Howerton Way, Bowie, M...

PEAKE Technology Partners Leases 10567 Square Feet At 5021 Howerton Way Bowie From St. John Properties
LEASEDIndustrial

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

John A. Rosso, Jr.

Rosso Commercial Real Estate Services

Broker

$3.7M

vol

2 deals

Broker
St. John Properties
St. John PropertiesBrokerage
St. John Properties
St. John PropertiesLandlord

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