Monmouth Capital Corporation Announces New Acquisition
01 3월 2005 - 1:37AM
PR Newswire (US)
Monmouth Capital Corporation Announces New Acquisition FREEHOLD,
N.J., Feb. 28 /PRNewswire-FirstCall/ -- On February 28, 2005,
Monmouth Capital Corporation (NASDAQ:MONM) announced the
acquisition on February 25th of a 68,385-square-foot industrial
building in Hillsborough County, Tampa, Florida, at a purchase
price of approximately $5,600,000. The property is net-leased to
Kellogg Sales Company, a Delaware corporation, for a period of
twenty years through December 31, 2009, and was purchased from WS
Properties. Romar Company acted as the agent for the seller. This
acquisition brings the total of industrial properties owned by
Monmouth Capital Corporation to six, with other properties located
in New York, New Jersey, Minnesota and Illinois. Monmouth Capital
Corporation ("MONM") is part of a family of REITs including United
Mobile Homes, Inc. (AMEX:UMH), which invests in manufactured home
communities, and Monmouth Real Estate Investment Corporation
(NASDAQ:MNRTA), which invests in net-leased industrial properties
on long- term leases to investment grade tenants. MONM pursues real
estate opportunities that are outside the scope of the specialized
areas of United Mobile Homes, Inc., and Monmouth Real Estate
Investment Corporation. DATASOURCE: Monmouth Capital Corporation
CONTACT: Rosemarie Faccone or Susan Jordan, +1-732-577-9996, both
of Monmouth Capital
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