U.S. Monmouth buys industrial asset in UT for $12.9 mln

U.S.-based Monmouth Real Estate Investment Corp. has completed the acquisition of a new 69,734 square foot industrial building in Salt Lake City, Utah Metropolitan Statistical Area (UT, MSA).

Situated at 985 W. Kershaw Street, Ogden, Utah, the newly built industrial building is spread on 7.52 acres.

Monmouth Real Estate acquired the property, which is being net-leased for 15 years to Federal Express Corp., from an unidentified seller for $12.9 million.

Last week, the company also bought a new 286,281-square-foot industrial building on 39.3 acres at 6538 Judge Adams Road, Whitsett, North Carolina, for $47.6 million.