MONMOUTH ACQUIRES 113,871 SF INDUSTRIAL BUILDING FOR $8M

EDINBURG — Monmouth Real Estate Investment Corp. has purchased a 113,871-square-foot industrial building, located at 502 W. Independence Dr. in Edinburg, for $8 million. The property is net-leased to FedEx for 10 years. The building sits on 13.1 acres and was constructed by Kansas City, Mo.-based Jones Development Co. No brokers were involved in the transaction.