KF Mechanical, LLC Purchases 3.35 Acre Industrial Property In Fairfield For $8.74M

An industrial property located at 8 Evans Street in Fairfield has been sold for $8,740,000. The asset, comprising 3.35 acres, includes a 28,000-square-foot warehouse and an IOS site. This transaction reflects the ongoing strong demand from owner-users in the market, as constrained supply and rising rents along the Route 46 corridor continue to impact the area.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $8,740,000
• Asset Size: 3.35 acres
• Address: 8 Evans Street
• Seller: Anderson & Vreeland Realty Co.
• Buyer: KF Mechanical, LLC
• Brokers: Michael Walters & Cameron Silverstein - NAI James E. Hanson

The sale was brokered by Michael Walters and Cameron Silverstein from NAI James E. Hanson, facilitating the competitive transaction between Anderson & Vreeland Realty Co. and KF Mechanical, LLC. The deal was characterized by a strong interest, reflecting the dynamic conditions in the industrial real estate sector.