LEASEDSchool
Megan Williams Leases School Property In Bowie, MD From Landlord St. John Properties
5061 Howerton Way, Bowie, MD, 20715
Building Size
10,567 SF
Asset Type
School
Closing
Jul 27, 2022
AI
The property asset involved in this transaction is a school located at 5061 Howerton Way, Bowie, MD, 20715. It encompasses a total area of 10,567 square feet and is situated in the Bowie market.
Summary of transaction details:
- Property Type: School
- Transaction Amount: Not specified
- Address: 5061 Howerton Way, Bowie, MD, 20715
- Market: Bowie
- Square Feet: 10,567
- Landlord: St. John Properties
- Tenant's Representative: Megan Williams-Cushman & Wakefield
This transaction involved St. John Properties as the landlord, while Megan Williams from Cushman & Wakefield represented the tenant in this leasing agreement.
Players
St. John PropertiesBrokerage
St. John PropertiesLandlord
Bowie School Market Snapshot
Boundary boundary · School · Lease transactions
Loading comparables…
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