Total Square Footage: 75,625
Acquired: March 18, 2022
Tenant Name: Fairlawn Tool, Inc.
Royal Oak Realty Trust (“Royal Oak”) is pleased to announce the completion of our latest acquisition.
On March 18, 2022, Royal Oak acquired the manufacturing facility of Fairlawn Tool, Inc. (“Fairlawn”) located in Westminster, MD, our third investment in the state of Maryland. The property is located in the Baltimore metropolitan statistical area (“MSA”), the 21 st largest MSA in the United States. Fairlawn signed a 15-year absolute net lease at closing.
The Fairlawn property is directly adjacent to Carroll County Regional Airport, two miles from Baltimore Boulevard (Route 140), and 40 miles northwest of Baltimore. The property was built in 2018 and consists of concrete-tilt construction on approximately 6.50 acres. The property has a clear height of 22 feet, 3 docks, 1 drive-in door and LED lighting throughout. This is Fairlawn’s sole facility and is “mission critical” to the success of their business.
Founded in 1954, Fairlawn Tool is a provider of metal fabrication services across the country. Fairlawn serves customers across a wide range of industries, including agricultural, construction, hospitality, media/presentation, military and defense, telecommunications, consumer products, and original equipment manufacturers.