Updated Feb 5, 2025
Showman Fabricators Signs 78,000 SF Industrial Lease In Fairfield With Cushman & Wakefield
15 Law Dr, Fairfield, NJ, 07004
Building Size
78,000 SF
Asset Type
—
Closing
Nov 22, 2023
About this deal
AI
The industrial property located at 15 Law Drive in Fairfield, NJ, 07004, was the asset involved in the lease transaction. The property boasts a total of 78,000 square feet of space, with a clear height of 18 feet and four loading docks. Showman Fabricators secured the lease agreement with the landlord, The Stro Cos., for this newly renovated facility.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Applicable
- Market: Fairfield
- Tenant's Rep: Thomas Tucci (Cushman & Wakefield)
- Tenant: Showman Fabricators
- Landlord: The Stro Cos.
The lease negotiations for the 78,000-square-foot industrial space at 15 Law Drive were facilitated by Chuck Fern, Torsten Thaler, and Natalie Gorga of Cushman & Wakefield alongside Thomas Tucci. These key individuals represented both the tenant, Showman Fabricators, and the landlord, The Stro Cos., in the leasing agreement.
Players
Fairfield CRE Market Snapshot
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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