New FedEx Building Sells for $6.1 Mil

CUDAHY, WI-Freehold, NJ-based Monmouth Real Estate Investment Corp. buys a 114,123-sf industrial building in this Milwaukee suburb. The building is net-leased to FedEx Ground Package System, Inc. for 10 years.

By Mark Ruda | April 25, 2001 at 01:01 AM

The building is net-leased to FedEx for 10 years. Monmouth Real Estate specializes in net-leased industrial properties.

The REIT's portfolio consists of 26 industrial properties and a shopping center in New Jersey, New York, Connecticut, Michigan, Mississippi, Missouri, Massachusetts, Nebraska, Iowa, Illinois, North Carolina, Kansas, Pennsylvania, Florida, Virginia, Ohio and Wisconsin.

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