Mercedes-leased warehouse sells for $51.7 million

Monmouth Real Estate Investment Corp. has purchased a 530,000-square-foot distribution center in Vance that is fully leased to Mercedes-Benz US International.

Monmouth Real Estate Investment Corp. has purchased a 530,000-square-oot distribution center in Vance. Monmouth Real Estate Investment Corp. has purchased a 530,000-square-foot distribution center in Vance that is fully leased to Mercedes-Benz US International. The facility, on 53.5 acres, will be used as a storage and sequencing facility for vehicle parts supporting Mercedes’ EV production…

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