January 28, 2010 (FinancialWire) — Monmouth Real Estate Investment Corp. (NASDAQ: MNRTA) said it has acquired a 184,317 square foot industrial building located in the Valwood Industrial Park at 2000 Luna Road, Dallas County, Carrollton, Texas, for approximately $17.9 million.

The company said the property is net-leased through January 31, 2019 to Carrier Enterprise LLC, which assumed the original lease from Carrier Corp., a Delaware corporation, which guarantees the lease agreement.

The building was constructed in 2009.

New Jersey-based Monmouth Real Estate Investment is a real estate investment trust specializing in net-leased industrial properties.

The company’s equity portfolio now consists of sixty-one industrial properties and one shopping center located in twenty-five states. The company also owns a portfolio of REIT securities.

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