St. John Properties Leases 14430 SF Office Space In Laurel To Tenant's Reps
14400 Sweitzer Ln, Laurel, MD, 20707
Building Size
14,430 SF
Asset Type
Office
Closing
Sep 23, 2022
About this deal
AI
The office property located at 14400 Sweitzer Ln in Laurel, MD 20707 offers a total of 14,430 square feet. The lease for this property was finalized on September 23, 2022. St. John Properties served as the landlord in this transaction, with Michael Tait representing them. The tenant, on the other hand, was represented by Tim Jaeger and Todd Bosley.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 14400 Sweitzer Ln, Laurel, MD, 20707
- Market: Laurel
- Tenant's Rep: Tim Jaeger, Todd Bosley
- Landlord's Rep: Michael Tait
- Landlord: St. John Properties
- Square Feet: 14,430
The collaboration between the tenant's representatives, Tim Jaeger and Todd Bosley, and the landlord's representative, Michael Tait, played a crucial role in finalizing the lease agreement for the office space. The successful completion of this transaction highlights the importance of effective representation in real estate deals, ensuring that the interests of both parties are adequately safeguarded.
Players
Laurel Office Market Snapshot
Boundary boundary · Office · 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