{"id":492,"date":"2020-10-13T10:01:01","date_gmt":"2020-10-13T15:01:01","guid":{"rendered":"https:\/\/1reason.com\/re\/monmouth-real-estate-announces-new-acquisition-in-oklahoma-city-ok\/492\/"},"modified":"2020-10-14T05:01:01","modified_gmt":"2020-10-14T10:01:01","slug":"monmouth-real-estate-announces-new-acquisition-in-oklahoma-city-ok","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/monmouth-real-estate-announces-new-acquisition-in-oklahoma-city-ok\/492\/","title":{"rendered":"MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN OKLAHOMA CITY, OK"},"content":{"rendered":"
The property is net-leased for 10 years to Amazon.com Services, LLC, a Delaware limited liability company. The building is situated on approximately 22 acres. <\/p>\n

Michael P. Landy, President and CEO, commented, \u201cThis 22-acre site has ample expansion capacity and is ideally located immediately to the north of The Will Rogers International Airport. Ecommerce sales in the US grew by almost a third in Q2 and are up 44.5% year over year. With 99.4% occupancy and a robust acquisition pipeline, Monmouth\u2019s portfolio is strongly linked to the digital economy. We are very pleased to announce this new acquisition as it will enhance our favorable position.\u201d<\/p>\n

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 119 properties, containing a total of approximately 23.4 million rentable square feet, geographically diversified across 31 states.<\/p>\n

Contact: Becky Coleridge
732-577-9996
EMAIL:mreic@mreic.com<\/u><\/a>
www.mreic.reit<\/u><\/a><\/p>\n

######<\/p>\n<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

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Holmdel, New Jersey, Sept. 15, 2020 (GLOBE NEWSWIRE) — September 15, 2020 Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a new 120,780 square foot industrial building located at 6101 SW 44th Street, Oklahoma City, OK at a purchase price of $15.2 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\/492"}],"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=492"}],"version-history":[{"count":0,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/492\/revisions"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}