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.
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