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Intuitive Machines Leases 21,117 SF In Glen Burnie, MD Mixed-Use Facility
LEASED
Maryland
See Similar DealsMixed-use21,117 SF
Leased 06/03/2024
LEASED
Intuitive Machines Leases 21,117 SF In Glen Burnie, MD Mixed-Use Facility
881 Cromwell Park Drive
See Similar DealsMixed-use21,117 SF
Leased 06/03/2024
Summary
MARYLAND
Asset Type:Mixed-use
Price Per Square Foot:$0
Total Square Footage:21,117 SF
Transaction Type:Lease
The property located at 881 Cromwell Park Drive, Glen Burnie, MD, is a mixed-use asset spanning 21,117 square feet. The lease transaction occurred on 06/03/2024 between the landlord, Matt Lenihan of St. John Properties, Inc, and the tenant, Intuitive Machines, a space exploration company.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not provided
- LANDLORD: Matt Lenihan - St. John Properties, Inc
- TENANT: Intuitive Machines
- BROKER: Lacey Johansson - St. John Properties
The new facility leased by Intuitive Machines at Cromwell Business Park will be utilized to build and test space equipment. The expansion aims to grow the local workforce to 40 employees by the end of the year.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,210,413.70
Total Lease Value
$12,104,136.97
Net Landlord Cash Flow$1,210,413.70
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