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Monmouth Real Estate Pays $30.3M for Southwest Indiana Industrial Building

Industrial Developers of Oklahoma Sells 10-year Amazon Fulfillment Services, Inc. Net-Leased Building
December 7, 2017
Monmouth Real Estate Investment Corp., a public equity REIT founded in 1968, acquired the single-story Amazon fulfillment center in Oklahoma City from Industrial Developers of Oklahoma for $30.25 million, or just under $10 per square foot. Monmouth Real Estate specializes in single-tenant net-leased industrial properties with investment-grade tenants.

The industrial building delivered at 1414 S Council Rd. in 2017 in Oklahoma City’s Southwest Industrial submarket. It totals 300,000 square feet and is net leased for the next 10 years to Amazon Fulfillment Services, Inc., according to CoStar information.

The building is located on 123 acres off Interstate 40 in very near Will Rogers International Airport.

Please see CoStar COMPS #4068031 for more information on this transaction.
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