facebook

traded

+ Submit
Home

/

Deals

/

Maryland

/

Mixed Use

/

Lease

/

5061 Howerton Way Bowie, Ma...

PJ Fitzpatrick Leases Mixed-Use Space At 5061 Howerton Way In Bowie, MD
LEASEDMixed-use

PJ Fitzpatrick Leases Mixed-Use Space At 5061 Howerton Way In Bowie, MD

5061 Howerton Way Bowie, Maryland 20715, USA

Building Size

12,176 SF

Asset Type

Mixed-use

Closing

May 3, 2023

AI

The mixed-use property located at 5061 Howerton Way in Bowie, MD has been leased. Spanning a total of 12,176 square feet, this property offers a versatile space for various uses.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: N/A
  • Address: 5061 Howerton Way, Bowie, MD
  • Market: Bowie, MD

James Freeman of PJ Fitzpatrick has signed the lease agreement as the tenant. Representing the landlord, St. John Properties, is Mike White. On the tenant's side, Ned Brady and Eric Skogmo from Lee & Associates are the representatives in this deal.

Players

Mike White

St. John Properties

Broker

3 deals

Broker

James Freeman

Blue Bottle Coffee

Tenant

$18M

vol

3 deals

Tenant

Bowie Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

Loading comparables…

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