Gladstone Commercial Corporation: Gladstone Commercial Announces $11.0 Million Industrial Acquisition in Findlay, Ohio
MCLEAN, VA / ACCESSWIRE / January 26, 2021 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced today that it acquired a 180,152 square foot distribution building in Findlay, Ohio on January 22, 2021 for $11.0 million. The average capitalization rate for the transaction is 8.4%.
The property is a functional, high volume distribution building with nine front-loading dock doors and two drive-in doors located on either side of the loading area. The 170' truck court provides ample depth for loading and trailer storage, and the 26 surface parking spaces serve as employee parking. The building is located on 10.2 acres in Findlay's Tall Timbers Industrial Park.