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15 Law Dr, Fairfield, NJ, 0...

Showman Fabricators Signs 78,000 SF Industrial Lease In Fairfield With Cushman & Wakefield
LEASED

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

Thomas Tucci

Cushman & Wakefield

Broker

9 deals

Broker
The Stro Companies
The Stro CompaniesBrokerage
The Stro Companies
The Stro CompaniesLandlord

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