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5061 Howerton Way, Bowie, M...

Megan Williams Leases School Property In Bowie, MD From Landlord St. John Properties
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

Megan Williams

Cushman & Wakefield

Broker

2 deals

Broker
St. John Properties
St. John PropertiesBrokerage
St. John Properties
St. John PropertiesLandlord

Bowie School Market Snapshot

Boundary boundary · School · 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