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
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