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5650 Rivertech Ct, Riverdal...

Updated Feb 5, 2025

Capitol Percussion & Backline Leases 8900 Square Feet At 5650 Rivertech Ct Riverdale Park MD
LEASEDOffice

Capitol Percussion & Backline Leases 8900 Square Feet At 5650 Rivertech Ct Riverdale Park MD

5650 Rivertech Ct, Riverdale Park, MD...

Building Size

8,900 SF

Asset Type

Office

Closing

Aug 26, 2021

About this deal

AI

The property located at 5650 Rivertech Ct, Riverdale Park, MD spans a total area of 8,900 square feet and is situated in the Riverdale market. This property is under the ownership of St. John Properties, which has been actively involved in the leasing of commercial spaces in this area.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 5650 Rivertech Ct, Riverdale Park, MD
  • Market: Riverdale
  • Landlord's Representative: Claire Cobert (St. John Properties)
  • Tenant: Capitol Percussion + Backline
  • Landlord: St. John Properties
  • Square Feet: 8,900

Claire Cobert from St. John Properties represented the landlord in this lease transaction, while Capitol Percussion + Backline was the tenant entering into the agreement for the property. This lease signifies a collaboration between the established property management firm and the tenant involved in the performance-related industry.

Players

Claire Cobert

St. John Properties

Broker

3 deals

Broker
St. John Properties
St. John PropertiesLandlord

Riverdale 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

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