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MONROE, OHIO — Monmouth Real Estate Investment Corp. has acquired a new 232,200-square-foot industrial building in Monroe for $13.4 million. The build-to-suit property is located at 201 Exploration Drive, and is net leased to UGN Inc., a supplier of parts for the Japanese automotive industry, for 15 years. The building is situated on more than 22 acres and is expandable by an additional 155,000 square feet. The Class A industrial facility is located off I-75 and is in close proximity to Honda and Toyota’s U.S. headquarters.