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
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