Monmouth Acquires Daytona Beach Industrial Property
Situated on 27.5 acres, the facility is net-leased for 10 years to B. Braun Medical Inc., a privately held medical device company that manufactures, markets and sells various healthcare products.
By IvyLee Rosario
1341 N. Clyde Morris Blvd., Daytona Beach, Fla.
Monmouth Real Estate Investment Corp. has acquired a newly constructed industrial building in Daytona Beach, Fla. for $30.8 million.
Located at 1341 N. Clyde Morris Blvd., the property comprises 399,440 square feet. Situated on 27.5 acres, the facility is net-leased for 10 years to B. Braun Medical Inc., a privately held medical device company that manufactures, markets and sells various healthcare products. The built-to-suit asset is within close proximity to Interstate 4 and Daytona Beach International Airport, according to Michael Landy, president & CEO of Monmouth.
“The Florida economy consistently ranks as one of our nation’s strongest,” Landy said in a prepared statement. “With approximately 10 percent of our property portfolio located here in the Sunshine State, we remain optimistic about our long-term growth potential. This marks our fourth acquisition in fiscal 2018 comprising 1.7 million square feet totaling $140 million.”
Image courtesy of Monmouth Real Estate Investment Corp.
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