Lexington Strategic Asset Corp. on Thursday announced it acquired a distribution facility in Plymouth, Ind., for a purchase price of approximately $8.9 million.

The distribution facility consists of two single-story warehouse/distribution buildings that are linked by a common walkway and contain an aggregate of approximately 300,500 square feet on an approximately 16.3-acre parcel of land.

At the time of sale, the facility was net leased to Bay Valley Foods LLC through June 2015.

Lexington Strategic Asset Corp. is a specialty real estate company externally advised by a subsidiary of Lexington Corporate Properties Trust.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top