{"id":1004192199,"date":"2017-10-02T07:00:05","date_gmt":"2017-10-02T15:00:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004192199"},"modified":"2022-12-09T01:15:27","modified_gmt":"2022-12-09T09:15:27","slug":"monmouth-lands-220-ksf-akron-area-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/monmouth-lands-220-ksf-akron-area-facility\/","title":{"rendered":"Monmouth Lands 220 KSF Akron-Area Facility"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004192200\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/monmouth.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004192200\" data-attachment-id=\"1004192200\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/monmouth-lands-220-ksf-akron-area-facility\/monmouth-3\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/monmouth.jpg\" data-orig-size=\"1140,707\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Laura Calugar&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1506940284&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=\"monmouth\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/monmouth.jpg?w=1024\" class=\"wp-image-1004192200 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/monmouth.jpg\" alt=\"The Mickey Thompson Performance Tires and Wheels facility in Stow, Ohio\" width=\"300\" height=\"186\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/monmouth.jpg 1140w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/monmouth.jpg?resize=300,186 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/monmouth.jpg?resize=768,476 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/monmouth.jpg?resize=1024,635 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004192200\" class=\"wp-caption-text\">The Mickey Thompson Performance Tires and Wheels facility in Stow, Ohio<\/p><\/div>\n<p>Monmouth Real Estate Investment Corp. purchased a 219,765-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/monmouth-lands-300-ksf-oh-industrial-building\/\">industrial asset<\/a> in Stow, Ohio, a suburban community within the Akron metropolitan area, for $19.5 million. The building is expandable by 50,000 square feet.\u00a0<\/p>\n<p>Located at 4651 Prosper Drive, on\u00a0some 15.4 acres, the building is 10 miles from the junction between interstates 80 and 480. The\u00a0facility is net-leased for 10 years to Mickey Thompson Performance Tires and Wheels and is guaranteed by Cooper Tire and Rubber Co., a Delaware corporation.<\/p>\n<p><em>\u201cMickey Thompson is one of the most prominent leaders in making racing tires and their parent company, Cooper Tire, is the fifth largest tire manufacturer in North America. Mickey Thompson has been in this market for over 25 years and they recently outgrew their existing facility,\u201d<\/em> said Monmouth Real Estate Investment Corp. President &amp; CEO Michael Landy, in a prepared statement.<\/p>\n<p>Monmouth Real Estate Investment Corp. is one of the oldest public equity REITs in the U.S. The company\u2019s portfolio consists of 108 properties totaling some\u00a018.8 million rentable square feet.<\/p>\n<p><em>Image via Google Street View <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The REIT acquired an industrial building in Stow, Ohio, for $19.5 million. The property is net-leased to a prominent racing tire maker.<\/p>\n","protected":false},"author":238,"featured_media":1004192200,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1584,21743,21748,21783,13,21742],"tags":[34865,33340],"class_list":["post-1004192199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cleveland","category-deals","category-industrial","category-investment","category-midwest","category-latest","tag-michael-landy","tag-monmouth-real-estate-investment-corporation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Monmouth Lands 220 KSF Akron-Area Facility - 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-lands-220-ksf-akron-area-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monmouth Lands 220 KSF Akron-Area Facility\" \/>\n<meta property=\"og:description\" content=\"The REIT acquired an industrial building in Stow, Ohio, for $19.5 million. 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