MONMOUTH ACQUIRES INDUSTRIAL BUILDING IN KENTUCKY FOR $27M

BUCKNER, KY. — Monmouth Real Estate Corp. has acquired a 558,600-square-foot industrial building located at 4555 W. Highway 146 in Buckner for $27 million. The property is within the Louisville MSA. Monmouth purchased the facility from Atlanta-based Industrial Development International (IDI), the developer of the industrial building. The property is net-lease for 20 years to Ralcorp Holdings Inc., a division of ConAgra Foods.