Igal Namdar, Elliot Nassim, Jonathan Abda & Andrew Ebrani Acquire Office In Bowie For $20M
4321 Collington Road
$20,000,000
$158/SF
Building Size
126,000 SF
Asset Type
Office
Closing
Jun 29, 2025
About this deal
AI
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].
On the Map
$20,000,000
$158/SF
Office
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Players
Bowie Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93