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675 Oceanport

Denholtz Properties Leases Mixed-Use Space To Mr. Green Tea Ice Cream Company In Oceanport
LEASEDMixed-use

Denholtz Properties Leases Mixed-Use Space To Mr. Green Tea Ice Cream Company In Oceanport

675 Oceanport

$14

$14/SF

Building Size

19,567 SF

Asset Type

Mixed-use

Closing

Aug 22, 2022

AI

The Mr. Green Tea Ice Cream Company has recently signed a lease for a mixed-use property located at 675 Oceanport Wy in Oceanport. The property, which is part of the incredible redevelopment of the Commissary in Fort Monmouth, offers a total square footage of 19,567. The landlord, Denholtz Properties, has agreed on an asking rent of $14.50 per square foot.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: Not available
  • Address: 675 Oceanport Wy
  • Market: Oceanport

The lease deal was facilitated by the tenant's representative, Adam Silver from Newmark, and the landlord's representatives, Suzanne Macnow, Alexandra Anagnostou, and Justin Ridolfo from CBRE. The Mr. Green Tea Ice Cream Company is widely known for its brands of ice cream and desserts, which are available in thousands of restaurants, supermarkets, and pet food stores nationwide.

Players

Suzanne Macnow

CBRE

Broker

6 deals

Broker
Denholtz Properties
Denholtz PropertiesLandlord

Fort Monmouth Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1133071.43%

Cash-on-Cash

-323835.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93