Updated Oct 29, 2024
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
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