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.
Gladstone Commercial Corporation Announces Monthly Cash Distributions for January, February and March 2021 and Fourth Quarter Ended December 31, 2020 Earnings Release and Conference Call Dates
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Gladstone Commercial Corporation Executes Seven Year Lease Extension at Chicago Area Industrial Property
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Gladstone Commercial Announces $12.8 Million Industrial Acquisition in Pittsburgh, Pennsylvania
MCLEAN, VA / ACCESSWIRE / December 29, 2020 / Gladstone Commercial Corporation (NASDAQ:GOOD) ( Gladstone Commercial ) announced today that it acquired a 155,000 square foot, food-grade manufacturing building in Pittsburgh, Pennsylvania on December 21, 2020, for $12.8 million. The average capitalization rate during the duration of the lease is 7.9%.
The property is a functional, well configured, class A manufacturing and warehouse facility with 28 clear heights. The facility features a truck court with a maximum depth of 150 , six loading docks, and 196 surface parking spaces. The property is food-grade certified and provides ample area for multiple production lines and storage for raw materials and finished goods. The building is located on a 9.6-acre site within Pittsburgh s RIDC Industrial Park.