Igal Namdar, Elliot Nassim, Jonathan Abda & Andrew Ebrani Acquire Office In Bowie For $20M
SOLD
$20,000,000
Maryland
See Similar DealsOffice126,000 SF
Sold 06/29/2025
SOLD
Igal Namdar, Elliot Nassim, Jonathan Abda & Andrew Ebrani Acquire Office In Bowie For $20M
4321 Collington Road
See Similar DealsOffice126,000 SF
Sold 06/29/2025
Summary
MARYLAND
Asset Type:Office
Price Per Square Foot:$158
Total Square Footage:126,000 SF
Transaction Type:Sale
The asset involved in the transaction is located at 4321 Collington Road in Bowie, market, and consists of an office building. This property was sold at a transaction price of $20,000,000, with a total square footage of 126,000, resulting in a price per square foot of $158.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $20,000,000
- Square Footage: 126,000
- Price per Square Foot: $158
- Buyer: Igal Namdar, Elliot Nassim, Jonathan Abda & Andrew Ebrani
- Seller: Aztec Fund
- Broker: Bradley Allen – Eastdil Secured
- Date of Transaction: 6/30/2025
The transaction was notably completed through a bankruptcy 363 sale. For more information regarding the deal, please contact Jonathan Abda at [email protected] or Andrew Ebrani at [email protected].
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
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