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
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