{"id":1004196110,"date":"2017-11-03T08:25:12","date_gmt":"2017-11-03T16:25:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004196110"},"modified":"2022-12-07T05:48:32","modified_gmt":"2022-12-07T13:48:32","slug":"monmouth-lands-sc-fedex-building-for-22m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/monmouth-lands-sc-fedex-building-for-22m\/","title":{"rendered":"Monmouth Lands SC FedEx Building for $22M"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004196119\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/fedex.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004196119\" data-attachment-id=\"1004196119\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/monmouth-lands-sc-fedex-building-for-22m\/fedex-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/fedex.jpg\" data-orig-size=\"1033,774\" 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;1509706572&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;1&quot;}\" data-image-title=\"fedex\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/fedex.jpg?w=1024\" class=\"wp-image-1004196119 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/fedex.jpg\" alt=\"The FedEx building in North Charleston, S.C.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/fedex.jpg 1033w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/fedex.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/fedex.jpg?resize=768,575 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/fedex.jpg?resize=1024,767 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004196119\" class=\"wp-caption-text\">The FedEx building in North Charleston, S.C.<\/p><\/div>\n<p>Monmouth Real Estate Investment Corp. has acquired a brand new 121,683-square-foot industrial building in North Charleston, S.C., for $21.9 million. The property is net-leased for 15 years to Federal Express Corp.<\/p>\n<p>Located at 1892 Anfield Road on approximately 16.2 acres, the facility provides easy access to the junction between interstates 26 and 526. The Charleston International Airport is just two miles away. \u00a0<\/p>\n<p><em>&#8220;Over the past several years we have strategically positioned our portfolio to benefit from the supply chain&#8217;s shift toward the eastern seaboard as the result of the recently completed Panama Canal expansion. The Port of Charleston has been one of the biggest beneficiaries of this change and we expect this region&#8217;s strong economic growth to continue for many years to come,&#8221;<\/em>\u00a0said Monmouth Real Estate President &amp; CEO Michael Landy, in prepared remarks.<\/p>\n<p>Earlier this year, Monmouth Real Estate purchased a newly constructed 237,756-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/monmouth-grabs-38m-miami-area-fedex-distribution-center\/\">industrial building in Homestead<\/a>, Fla. The property is also leased to FedEx and traded for $38.3 million.<\/p>\n<p><em>Image via Google Street View\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Situated on more than 16 acres in North Charleston, the 121,683-square-foot building is a new facility, leased to Federal Express Corp. for 15 years.  <\/p>\n","protected":false},"author":238,"featured_media":1004196119,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742],"tags":[33339,34865,33340,37161],"class_list":["post-1004196110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","tag-fedex","tag-michael-landy","tag-monmouth-real-estate-investment-corporation","tag-panama-canal"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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