April 11, 2018
Freehold, NJ-based Monmouth Real Estate Investment Corporation acquired a new 399,440-square foot industrial building in Daytona Beach, FL for $31 million. The property is net-leased for 10 years to Pennsylvania medical device company, B. Braun Medical Inc.
The building is situated on approximately 27.5 acres at 1341 N. Clyde Morris Blvd. Monmouth’s Michael P. Landy notes the built-to-suit property is ideally situated near the Daytona Beach International Airport and Interstate 4. The deal marks Monmouth’s fourth acquisition in fiscal 2018, comprising 1.7 million square feet totaling $140 million.
Founded in 1839, and headquartered in Germany, B. Braun is a privately held firm that manufactures, markets, and sells various healthcare products worldwide. They also have a new manufacturing facility in close proximity to this new distribution facility.
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