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Monmouth Real Estate closes $15.2M Texas industrial acquisition

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Freehold-based Monmouth Real Estate Investment Corp. announced today it has closed on the acquisition of a 114,923-square-foot industrial building in Texas at a purchase price of $15,281,318.

According to the announcement, the property is net-leased for 10 years to FedEx Ground Package System Inc., a Delaware corporation. The building is situated on approximately 17 acres in the Houston area and is expandable by approximately 80,000 additional square feet.

 
 

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