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
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