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
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