{"id":1004217846,"date":"2018-04-10T03:27:17","date_gmt":"2018-04-10T11:27:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004217846"},"modified":"2022-12-08T09:20:41","modified_gmt":"2022-12-08T17:20:41","slug":"monmouth-acquires-daytona-beach-industrial-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/monmouth-acquires-daytona-beach-industrial-property\/","title":{"rendered":"Monmouth Acquires Daytona Beach Industrial Property"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004217864\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/1341-N.-Clyde-Morris-Blvd.-Daytona-Beach-Fla..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004217864\" data-attachment-id=\"1004217864\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/monmouth-acquires-daytona-beach-industrial-property\/1341-n-clyde-morris-blvd-daytona-beach-fla\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/1341-N.-Clyde-Morris-Blvd.-Daytona-Beach-Fla..jpg\" data-orig-size=\"400,310\" data-comments-opened=\"0\" 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;1&quot;}\" data-image-title=\"1341 N. Clyde Morris Blvd., Daytona Beach, Fla.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1341 N. Clyde Morris Blvd., Daytona Beach, Fla.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/1341-N.-Clyde-Morris-Blvd.-Daytona-Beach-Fla..jpg?w=400\" class=\"wp-image-1004217864 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/1341-N.-Clyde-Morris-Blvd.-Daytona-Beach-Fla..jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/1341-N.-Clyde-Morris-Blvd.-Daytona-Beach-Fla..jpg 400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/1341-N.-Clyde-Morris-Blvd.-Daytona-Beach-Fla..jpg?resize=300,233 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004217864\" class=\"wp-caption-text\">1341 N. Clyde Morris Blvd., Daytona Beach, Fla.<\/p><\/div>\n<p>Monmouth Real Estate Investment Corp. has acquired a <a href=\"https:\/\/www.commercialsearch.com\/news\/savannah-industrial-building-commands-57m\/\">newly constructed industrial building<\/a> in Daytona Beach, Fla. for $30.8 million.<\/p>\n<p>Located at 1341 N. Clyde Morris Blvd., the property comprises 399,440 square feet. Situated on 27.5 acres, the facility is net-leased for 10 years to B. Braun Medical Inc.,\u00a0a privately held medical device company that manufactures, markets and sells various healthcare products. The built-to-suit asset is within close proximity to Interstate 4 and Daytona Beach International Airport, according to\u00a0Michael Landy, president &amp; CEO of Monmouth.<\/p>\n<p><em>&#8220;The Florida economy consistently ranks as one of our nation&#8217;s strongest,&#8221;<\/em>\u00a0Landy said in a prepared statement. <em>&#8220;With approximately 10 percent of our property portfolio located here in the Sunshine State, we remain optimistic about our long-term growth potential. This marks our fourth acquisition in fiscal 2018 comprising 1.7 million square feet totaling $140 million.&#8221;<\/em><\/p>\n<p><em>Image courtesy of Monmouth Real Estate Investment Corp.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Situated on 27.5 acres, the facility is net-leased for 10 years to B. Braun Medical Inc.,\u00a0a privately held medical device company that manufactures, markets and sells various healthcare products. <\/p>\n","protected":false},"author":746,"featured_media":1004217864,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21742,1493],"tags":[34865,33340],"class_list":["post-1004217846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-latest","category-orlando","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 Acquires Daytona Beach Industrial Property - 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-acquires-daytona-beach-industrial-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monmouth Acquires Daytona Beach Industrial Property\" \/>\n<meta property=\"og:description\" content=\"Situated on 27.5 acres, the facility is net-leased for 10 years to B. 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