{"id":4479,"date":"2022-02-16T22:35:09","date_gmt":"2022-02-17T04:35:09","guid":{"rendered":"https:\/\/1reason.com\/re\/monmouth-real-estate-announces-new-acquisition-in-the-birmingham-al-msa\/4479\/"},"modified":"2022-02-17T16:35:09","modified_gmt":"2022-02-17T22:35:09","slug":"monmouth-real-estate-announces-new-acquisition-in-the-birmingham-al-msa","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/monmouth-real-estate-announces-new-acquisition-in-the-birmingham-al-msa\/4479\/","title":{"rendered":"MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN THE BIRMINGHAM, AL MSA"},"content":{"rendered":"<div> The property is net-leased for 10 years to Mercedes Benz US International, Inc., an Alabama corporation. The building is situated on approximately 53.5 acres representing a land to building ratio of over four times providing for future expansion capacity. The fully-airconditioned building will serve Mercedes\u2019 new electric vehicle assembly line.  <\/p>\n<p align=\"justify\">Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully integrated and self-managed real estate company, whose property portfolio consists of 124 properties, containing a total of approximately 25.7 million rentable square feet, geographically diversified across 32 states. Our occupancy rate as of this date is 99.7%.<\/p>\n<p><strong>Contact:<\/strong> <strong>Becky Coleridge<\/strong><br \/><strong>732-577-9996<\/strong><\/p>\n<p align=\"center\">######<\/p>\n<p><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/NDkyMzcxMDYtOWRmNC00OGQyLWJlZTgtMjNkYjM0OTNmNGQ1LTUwMDA3MTc0NA==\/tiny\/Monmouth-Real-Estate-Investmen.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"justify\">Holmdel, New Jersey, Jan. 28, 2022 (GLOBE NEWSWIRE) &#8212; Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a new 530,000 square foot Class A distribution center located at 11146 Will Walker Road, Vance, AL at a purchase price of $51.7 million.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4479"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=4479"}],"version-history":[{"count":2,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4479\/revisions"}],"predecessor-version":[{"id":5280,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4479\/revisions\/5280"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=4479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=4479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=4479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}