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Article: Monmouth Real Estate Investment Corporation Announces New Acquisition.
- Article from:
- Real Estate Weekly News
- Article date:
- October 2, 2009
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Monmouth Real Estate Investment Corporation (NASDAQ:MNRTA) has announced the acquisition of a 40,000 square foot industrial building located in Forbes Field Industrial Park at 6700 SW Topeka Boulevard, Shawnee County, Topeka, Kansas, at a purchase price of approximately $4,100,000. The property is triple-net-leased to Coca-Cola Enterprises, Inc., through September 30, 2021, and is subject to the terms of a Ground Lease Agreement with Metropolitan Topeka Airport Authority.
The building was constructed in 2006 as a Build-to-Suit for GE Commercial Finance Business Property Corporation, the seller. Darren Sides, Porthaven Partners LLC, acted as broker to Monmouth in ...