Fedex hub in Fort Myers fetches $98 per square foot

Monmouth, a publicly held REIT, bought the industrial property for $21 million

TRD MIAMI /
Jan.January 08, 2017 03:30 PM

14001 Jetport Loop, Fort Myers

Monmouth Real Estate Investment Corporation bought a new 213,672-square-foot industrial building located in Fort Myers for $21 million, or about $98 per square foot.

FedEx Ground Packaging System, Inc. has a 10-year lease on the building, which is located on about 22 acres of land at 14001 Jetport Loop in Fort Myers.

Michael P. Landy, president and chief executive officer of Monmouth, called the property “a mission-critical facility” for FedEx Ground in a prepared statement: “This brand new, built-to-suit property is located directly across from the Southwest Florida International Airport. This valuable land parcel contains ample acreage to provide for future expansion as needed.”

Freehold, New Jersey-based Monmouth is publicly held real estate investment trust (NYSE: MNR) specializing in single-tenant, net-leased industrial buildings.


Related Articles

arrow_forward_ios

Riverfront estate sells for $7M, breaks record for priciest home sale in the Fort Myers area

New Fort Myers apartment complex with high occupancy rate commands $49.7M

Miami-based firm uses Freddie Mac loan to buy Fort Myers rentals for $55M

Groundbreaking for high-rise condo in downtown Fort Myers expected by year-end

Fort Myers shopping center with a Winn-Dixie trades for $175 per square foot

Student housing complex in Fort Myers fetches $55,000 per bed

Another Florida newspaper parts with its real estate

Deed restriction stalls Fort Myers hotel project on city-owned land

arrow_forward_ios