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10 Evans St Fairfield, NJ 0...

Caesarstone Leases 35,235 SF Industrial Space In Fairfield With CBRE As Tenant's Rep
LEASEDIndustrial

Caesarstone Leases 35,235 SF Industrial Space In Fairfield With CBRE As Tenant's Rep

10 Evans St Fairfield, NJ 07004, USA

$15

$15/SF

Building Size

35,235 SF

Asset Type

Industrial

Closing

Jun 23, 2023

AI

Caesarstone, a global leader in premium quartz surfaces, has leased a 35,235-square-foot industrial space at 10 Evans St. in Fairfield. The newly constructed property, owned by Stalwart Equities and arranged by CBRE, will serve as Caesarstone's Northeast distribution hub. The asking rent for the space is $15 per square foot.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: Not mentioned
  • Address: 10 Evans Street
  • Market: Fairfield

The landlord of the property is Stalwart Equities, represented by Samuel Wachsman. Caesarstone was represented by Kate Granahan, Nicholas Klacik, and Sean Dodd from CBRE. Kevin Dudley and Chad Hillyer, also from CBRE, represented Stalwart Equities as landlord's representatives.

Players

Kevin Dudley

CBRE

Broker

$174.8M

vol

22 deals

Broker
SE
Stalwart EquitiesLandlord

New Jersey Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1057533.33%

Cash-on-Cash

-302246.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93