Monmouth Real Estate Investment Corporation has picked up a brand new industrial building in Braselton, Georgia, for $61.1m. The 373,750 sq ft building changed hands for just under $164 per sq ft. Sitting on a 93-acre site, the property is net-leased for 15 years to FedEx Ground Packaging System. “We are very pleased to announce this new acquisition leased for 15 years to FedEx Ground. The Hartsfield-Jackson Atlanta International Airport consistently ranks as one of the world’s busiest airports, and this facility is well situated to serve the 6.6 million residents located within the Atlanta-Athens corridor,” said Michael P. Landy, president and CEO of Monmouth Real Estate Investment.
