Monmouth Real Estate Investment Corporation has closed on an industrial building in Burlington, WA. for a purchase price of $30,662,080. The 210,445 square foot warehouse traded for just over $145 per sqf. The 42.4 acre property is net-leased for 15 years to FedEx Ground Packaging System. “This acquisition represents a new territory for Monmouth and it expands our geographic footprint from coast to coast,” said Michael P. Landy, President and CEO of Monmouth Real Estate Investment Corporation. The 42 acre site is situated off of Interstate 5 and is in close proximity to an enormous airplane assembly plants which is owned by Boeing in Everett.
