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Baseline Social Opens 17,100-Square-Foot Venue In Oceanport, Monmouth County
LEASED
New Jersey
See Similar DealsRetail17,100 SF
Leased 11/28/2023
LEASED
Baseline Social Opens 17,100-Square-Foot Venue In Oceanport, Monmouth County
Retail17,100 SF
Leased 11/28/2023
Summary
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:17,100 SF
Transaction Type:Lease
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.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$980,161.68
Total Lease Value
$9,801,616.81
Net Landlord Cash Flow$980,161.68
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