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Sign in Sign up for a FREE subscriptionMonmouth Real Estate enters Vermont market
Monmouth Real Estate Investment Corp. has completed the acquisition of a new 143,794-square-foot industrial building located at 635 Community Drive, South Burlington, Vt., for a purchase price of $54.8 million.
The property is net-leased for 15 years to FedEx Ground Packaging System, Inc., a Delaware corporation. The building is situated on approximately 43.4 acres near the Burlington International Airport. The abundant land to building ratio of over 13 times provides for substantial future expansion capacity. This acquisition represents Monmouth’s first in the state of Vermont.
