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Monmouth Real Estate purchases $3.7M property

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Freehold-based Monmouth Real Estate Investment Corp. announced Tuesday the acquisition of a 46,260-square-foot industrial building located at 2800 N. Garnett Road, in Tulsa, Okla., at a purchase price of $3.7 million.

According to the announcement, the property is net-leased for 15 years, with 10.5 years remaining to The American Bottling Co. The lease is guaranteed by the parent company, Dr Pepper Snapple Group Inc. The building is situated on approximately 7.3 acres.

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