{"id":1004163058,"date":"2017-01-04T05:11:53","date_gmt":"2017-01-04T13:11:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004163058"},"modified":"2022-12-08T12:25:52","modified_gmt":"2022-12-08T20:25:52","slug":"monmouth-snags-fedex-leased-warehouse-for-21m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/monmouth-snags-fedex-leased-warehouse-for-21m\/","title":{"rendered":"Monmouth Snags FedEx-Leased Warehouse"},"content":{"rendered":"

By Veronica Grecu<\/em><\/p>\n

Fort Myers, Fla.<\/strong>\u2014Monmouth Real Estate Investment Corp. has expanded its industrial portfolio with a new acquisition in Florida.<\/p>\n

\"14001<\/a>

Monmouth Buys FedEx-Leased Warehouse in Fort Myers, Fla.<\/p><\/div>\n

\u201cWe continue to grow our portfolio one high-quality asset at a time and with this acquisition we now own one hundred properties strategically situated across 30 states. Our modern industrial property portfolio is currently 100 percent occupied because our buildings are integral to our tenants’ operations,” said Michael Landy, Manmouth president & CEO, in prepared remarks.<\/p>\n

The Freehold, N.J.-based REIT paid a little over $21 million for a 213,672-square-foot built-to-suit facility at 14001 Jetport Loop in Fort Myers. Completed in late 2016 to replace two older FedEx distribution centers in the area, the industrial structure is situated on 22.5 acres of land across from the Southwest Florida International Airport and contains enough acreage for future expansion.<\/p>\n

The facility is net-leased to FedEx Ground Packaging Systems for 10 years, according to Monmouth.<\/p>\n

Image via Google Street View <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The industrial building is located directly across from Southwest Florida International Airport.<\/p>\n","protected":false},"author":258,"featured_media":1004163080,"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":[33339,33340],"class_list":["post-1004163058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-latest","tag-fedex","tag-monmouth-real-estate-investment-corporation"],"acf":[],"yoast_head":"\nMonmouth Snags FedEx-Leased Warehouse - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/monmouth-snags-fedex-leased-warehouse-for-21m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monmouth Snags FedEx-Leased Warehouse\" \/>\n<meta property=\"og:description\" content=\"The industrial building is located directly across from Southwest Florida International Airport.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/monmouth-snags-fedex-leased-warehouse-for-21m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-04T13:11:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T20:25:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/14001-Jetport-Loop.png\" \/>\n\t<meta property=\"og:image:width\" content=\"981\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/monmouth-snags-fedex-leased-warehouse-for-21m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/monmouth-snags-fedex-leased-warehouse-for-21m\/\",\"name\":\"Monmouth Snags FedEx-Leased Warehouse - 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