Monmouth Real Estate Investment buys Toyota Trusho America-leased shed in Indiana

Monmouth Real Estate Investment buys Toyota Trusho America-leased shed in Indiana

Published at: 2019-07-30 16:40 | Author: CIJ USA
Monmouth Real Estate Investment Corporation has picked up a newly industrial building in Lafayette, IN. The firm paid $25.536 million or just under $73 per sqf for the 350,000 sqf facility. Located at 5440 Haggerty Lane, the building sits on a 45.6 acre site. The property is leased for 10 years to Toyota Tsusho America. Operating in North America since 1961, the firm was founded as a trading and supply chain specialist of the Toyota Group.

Michael P. Landy, President and CEO Monmouth Real Estate said the warehouse serves the 3.3 million square foot Subaru auto assembly plant next door. "With nearly 46 total acres, our property provides ample land for future expansion capacity."

Similar Stories:

W. P. Carey buys three industrial properties for $124m
W. P. Carey has closed on the purchase of three industrial properties for a combined $124m  »
Blackstone acquires Colony Industrial in $5.9bn deal
Blackstone Real Estate Partners IX has agreed to acquire Colony Industrial, the industrial  »
W. P. Carey sells three industrial portfolios for $111m
W. P. Carey has acquired three industrial portfolios for a total of approximately $111m. T  »
Treetop buys New Jersey industrial property for $17.3m
Treetop Development acquired a 207,000 sq ft industrial property in Northvale, New Jersey,  »
The industrial sector of commercial real estate has changed radically over the past few ye   »
industrial logistics brokers are relying increasingly on data to help them find the best p   »
Scott Gregory, market officer at Prologis in Florida, says the breakdown can be seen geogr   »