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12 Daniel Rd, Fairfield, NJ...

Updated Oct 29, 2024

EverWest Real Estate Investors LLC Acquires Industrial Facility In Fairfield From Unifoil Corp
SOLDIndustrial

EverWest Real Estate Investors LLC Acquires Industrial Facility In Fairfield From Unifoil Corp

12 Daniel Rd, Fairfield, NJ, 07004

Building Size

100,000 SF

Asset Type

Industrial

Closing

Oct 10, 2019

About this deal

AI

The industrial facility at 12 Daniel Rd, Fairfield, NJ, 07004, spanning 100,000 square feet, was sold to EverWest Real Estate Investors LLC by Unifoil Corp. The property, constructed in 1988, features 27,000 square feet of office space and parking for 188 cars. The sale was arranged by CBRE with William Waxman, Kevin Dudley, David Gheriani, and Gil Medina representing EverWest in the lease negotiations. The sales price remains undisclosed.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Market: Fairfield
  • Buyer: EverWest Real Estate Investors LLC
  • Buyer's Representative: William Waxman(CBRE)

The lease negotiations for the industrial property at 12 Daniel Rd were steered by William Waxman, Kevin Dudley, David Gheriani, and Gil Medina, all of CBRE. Unifoil Corp will retain occupancy of the property under a long-term lease agreement with the new owner, EverWest Real Estate Investors LLC.

Players

William Waxman

CBRE

Broker

$18M

vol

2 deals

Broker
EverWest Real Estate Investors
EverWest Real Estate InvestorsBuyer

Fairfield Industrial Market Snapshot

Boundary boundary · Industrial · Sale 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

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