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675 Oceanport Way

Baseline Social Opens 17,100-Square-Foot Venue In Oceanport, Monmouth County
LEASEDRetail

Baseline Social Opens 17,100-Square-Foot Venue In Oceanport, Monmouth County

Building Size

17,100 SF

Asset Type

Retail

Closing

Nov 28, 2023

AI

The Commissary at Baseline, a 17,100-square-foot retail venue, has recently opened in Oceanport, Monmouth County. Developed by Denholtz Properties, the property is located at 675 Oceanport Way. The venue features a 640-foot LED wall and virtual golf bays, offering an immersive bar and entertainment experience. The Commissary at Baseline is home to various tenants, including Birdsmouth Beer and MGT Foods.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Square Footage: 17,100
  • Address: 675 Oceanport Way
  • Market: Oceanport

Denholtz Properties, represented by Steven Denholtz, served as the landlord for The Commissary at Baseline. Baseline Social, the tenant, has established their bar and entertainment concept within the space. It's noteworthy that the venue offers unique amenities such as the 640-foot LED wall and virtual golf bays.

Players

Steven Denholtz

Denholtz Properties

Landlord

$227.3M

vol

13 deals

Landlord

Market Retail Market Snapshot

Boundary boundary · Retail · 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