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Saturday, June 26, 2010

Industrial Building Sells to REIT For $12.6M

Fort Mill, South Carolina - Net Lease Properties News has been informed that Monmouth Real Estate Investment Corp. bought an industrial building in South Carolina for $12.6 million.

Monmouth Real Estate Investment Corporation (MREIC) is a real estate investment trust (REIT) that has been in successful operation since 1968. MREIC invests in Net Leased industrial properties with long-term leases to investment grade tenants. MREIC's current tenants include: Anheuser-Busch, Caterpillar Logistics Systems, Coca Cola, FedEx, Keeber/Kelloggs, Mead Paper, Sherwin-Williams, and Western Container.

The property is net leased to FedEx Ground Package System Inc. through September 30 of 2019. This Industrial building was constructed in 2009

Many net leases have the tenant agreeing to pay for ownership expenses, including utilities, repairs, insurance and taxes.

Commercial Real Estate Financing Still Available

If a Multifamily Apartment Complex is of interest to you then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a CVS, FedEx, Walgreens, Target, Publix or an Industrial property.
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