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
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
Boundary boundary · CRE · 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