TricorBraun Signs 608K SF Lease At Interchange Logistics Center In Fairfield With Colliers Representatives
5195 Fermi Road
Building Size
608,000 SF
Asset Type
Industrial
Closing
Aug 27, 2025
AI
The industrial asset located at 5195 Fermi Road in Fairfield features a total square footage of 608,000. This property is significant in the Industrial market and has recently seen activity with a new lease agreement.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 5195 Fermi Road
- Market: Fairfield
- Tenant: Kevin Weadick - TricorBraun
- Brokers: James Ewing, Ward Richmond, Jon Quick, Phil Garrett - Colliers
- Lease Size: 608,000 SF
- Consolidation: TricorBraun consolidated 440,000 SF from three local sites
- Significance: Largest industrial lease in Solano-Napa in over two years
This deal was brokered by Colliers, with agents James Ewing, Ward Richmond, Jon Quick, and Phil Garrett playing crucial roles in finalizing the transaction for TricorBraun. Their involvement highlights the collaborative effort in executing this significant lease agreement.
Players
Fairfield Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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