Fairfield, N.J. – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, has negotiated the $8.74 million sale of a 3.35-acre industrial property located at 8 Evans Street in Fairfield, N.J.
NAI James E. Hanson’s Michael G. Walters, SIOR, Executive Managing Director, Corporate Services, and Cameron Silverstein, Associate Vice President, represented the seller, Anderson and Vreeland Realty Co., in the transaction with the buyer, KF Mechanical, LLC.
Situated just off Route 46, with seamless access to Interstates 80 and 280, 8 Evans Street comprises a 28,000-square-foot warehouse facility supported by valuable industrial outdoor storage (IOS). Its immediate highway access, flexible layout, and outdoor storage component positioned the asset as one of the most functional and desirable offerings in the Fairfield industrial submarket.
“Our client was in a strong position given the unique utility and location of the asset,” said Walters. “Properties like 8 Evans Street rarely come to market, and that scarcity helped drive a highly competitive process among qualified buyers.”
After securing the listing, the Hanson team executed a targeted marketing strategy aimed at both institutional groups and active owner-users throughout the region.
“Sustained rent growth within institutionally owned industrial assets continues to push more operators toward ownership as a strategic alternative,” said Silverstein. “The response we received to this listing underscores just how strong owner-user demand is for well-located, highly functional properties like 8 Evans Street.”
The transaction highlights the continued strength of the Route 46 corridor, where limited industrial supply and rising rents are accelerating demand from owner-users seeking long-term real estate solutions.
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