"He's a very talented center fielder. Has a chance to be a five-tool player, to be a complete player," Reds vice president of amateur scouting Chris Buckley said.
• Reds' 2nd overall pick: Hunter Greene
• Reds' 32nd overall: Jeter Downs
Listed at 6-foot, 205 pounds, Fairchild batted .360/.437/.640 with 17 home runs, 67 RBIs and 21 steals in 61 games.
"A more advanced college player who does a tremendous job defensively," Reds general manager Dick Williams said.
With their earlier selections on Day 1 of the Draft, the Reds took pitcher Hunter Greene with the second overall pick and shortstop Jeter Downs at No. 32 with their competitive-balance pick.
"There's nothing like Draft day," Williams said. "You get really excited about the guys you get. We really felt like we got the kind of players we wanted to get. I think most teams feel that way, but when you've got guys lined up and you see those picks coming off the board, and you get a sense of who is going to be there, you start to get your hopes up. The guys we wanted to get were there when we drafted, so we feel really good about this Draft class."
The Draft continues Tuesday with Rounds 3-10. The MLB.com preview show begins at 12:30 p.m. ET, with exclusive coverage beginning at 1 p.m. ET.
"We've got a good group," Williams said. "Now we've got to add a little pitching tomorrow. But we're in good shape."
Mark Sheldon has covered the Reds for MLB.com since 2006, and previously covered the Twins from 2001-05. Follow him on Twitter @m_sheldon and Facebook and listen to his podcast. This story was not subject to the approval of Major League Baseball or its clubs.