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Monmouth Real Estate announces $27M acquisition

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Freehold-based Monmouth Real Estate Investment Corp. announced Friday the acquisition of a 558,600-square-foot industrial building in Buckner, Ky. at a purchase price of $27,070,616.

According to the announcement, the property, developed by and purchased from Atlanta-based Industrial Developments International, is net-leased for 20 years to Ralcorp Holdings Inc., a division of ConAgra Foods Inc. The building is situated on approximately 57 acres and is expandable by approximately 200,000 additional square feet.

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