{"id":1004150884,"date":"2016-08-26T02:37:44","date_gmt":"2016-08-26T10:37:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004150884"},"modified":"2021-05-14T21:16:59","modified_gmt":"2021-05-15T05:16:59","slug":"monmouth-acquires-38m-industrial-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/monmouth-acquires-38m-industrial-facility\/","title":{"rendered":"Monmouth Acquires $38M Industrial Facility"},"content":{"rendered":"<div id=\"attachment_1004150901\" style=\"width: 274px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/monmouth1.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004150901\" data-attachment-id=\"1004150901\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/monmouth-acquires-38m-industrial-facility\/monmouth-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/monmouth1.png\" data-orig-size=\"441,356\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Portfolio Map, Monmouth Real Estate Investment Corp.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Portfolio Map, Monmouth Real Estate Investment Corp.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/monmouth1.png?w=441\" loading=\"lazy\" class=\"wp-image-1004150901\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/monmouth1.png\" alt=\"Portfolio Map, Monmouth Real Estate Investment Corp.\" width=\"264\" height=\"213\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/monmouth1.png 441w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/monmouth1.png?resize=300,242 300w\" sizes=\"auto, (max-width: 264px) 100vw, 264px\" \/><\/a><p id=\"caption-attachment-1004150901\" class=\"wp-caption-text\">Portfolio Map, Monmouth Real Estate Investment Corp.<\/p><\/div>\n<p><strong>Davenport, Fla.\u2014<\/strong><a href=\"https:\/\/www.mreic.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Monmouth Real Estate Investment Corp.<\/a>, one of the oldest public equity REITs specialized in single-tenant, net-leased <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial\/\" target=\"_blank\" rel=\"noopener\">industrial properties the U.S.<\/a>, has purchased a 310,922-square-foot industrial facility for almost $38 million.<\/p>\n<p>Situated at 5000 North Ridge Trail, the approximately 47-acre asset is net-leased to FedEx Ground Packaging System Inc. for 15 years.<\/p>\n<p>&#8220;We are very pleased to announce the acquisition of this brand new Class A built-to-suit distribution center (\u2026). This property is ideally situated right off of Interstate 4. Immediately adjacent to this new FedEx facility, Walmart has recently constructed two large e-commerce fulfillment centers that total 2.35 million square feet,&#8221; said Michael Landy, president &amp; CEO of Monmouth.<\/p>\n<p><em>Portfolio map courtesy of Monmouth Real Estate Investment Corp.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sitting on roughly 47 acres, the building is a Class A built-to-suit distribution center.<\/p>\n","protected":false},"author":1269,"featured_media":1004150901,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21742],"tags":[],"class_list":["post-1004150884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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