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Ocean Landings II 11409 Ocean Gateway
9,230 SF of Retail Space Available in Berlin, MD 21811
Highlights
- High volume area near major tenants
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 9,230 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable |
11330 Samuel Bowen Blvd - 1st Floor
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT Ocean Landings II
- Tenant
- Description
- US Locations
- Reach
- Michaels
- Art/Crafts
- 1,525
- International
- Ross Dress For Less
- Other Retail
- 2,262
- International
| Tenant | Description | US Locations | Reach |
| Michaels | Art/Crafts | 1,525 | International |
| Ross Dress For Less | Other Retail | 2,262 | International |
PROPERTY FACTS FOR 11409 Ocean Gateway , Berlin, MD 21811
| Center Type | Community Center | Gross Leasable Area | 168,114 SF |
| Parking | 16 Spaces | Total Land Area | 26.53 AC |
| Center Properties | 5 | Year Built | 2018 |
| Center Type | Community Center |
| Parking | 16 Spaces |
| Center Properties | 5 |
| Gross Leasable Area | 168,114 SF |
| Total Land Area | 26.53 AC |
| Year Built | 2018 |
About the Property
130,000 sf of new retail located adjacent to an existing Home Depot and newly opened Super Walmart. Features 2 pad sites with restaurant EDU's and Route 50 frontage. Join Petsmart, Michael's, ROSS and Dollar Tree Located just 10 minutes from Ocean City and Assateague Island National Seashore, the Property enjoys a superb crossroads location in the heart of Worcester County, MD. Approximately 1/2 mile from Oceans Downs Racetrack/Casino.
- Air Conditioning
-
Jordan Korris -
Paramount Realty Services, Inc.
Presented by
Ocean Landings II | 11409 Ocean Gateway
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