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Gladstone Commercial Corporation: Gladstone Commercial Provides a Business Update MCLEAN, VA / ACCESSWIRE / February 23, 2021 / Gladstone Commercial Corporation (NASDAQ:GOOD) ( we or Gladstone Commercial ) is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. We are providing the following business update regarding our portfolio performance during this time of market volatility related to, among other factors, the global COVID-19 pandemic. Approximately 98% of February cash base rents and January cash base rents have been paid and collected. The remaining 2% of cash base rents are associated with the previously agreed upon deferral agreements. All deferred amounts are to be paid back by the respective tenants during their lease term. Portfolio occupancy is in excess of 95% as of February 23, 2021. The incremental increase in vacancy from January to February is a result of our ten ....
Gladstone Commercial Provides a Business Update tennesseedaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tennesseedaily.com Daily Mail and Mail on Sunday newspapers.
Gladstone Commercial Corporation: Gladstone Commercial Provides a Business Update MCLEAN, VA / ACCESSWIRE / January 28, 2021 / Gladstone Commercial Corporation (Nasdaq:GOOD) ( we or Gladstone Commercial ) is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. We are providing the following business update regarding our portfolio performance during the time of market volatility related to, among other factors, the global COVID-19 pandemic. We continue to execute our growth strategy. On January 26, 2021, we announced the acquisition of a 180,152 square foot distribution building in Findlay, OH for $11.0 million. The property is 100% leased by American Plastics, a designer, manufacturer, and distributor of plastic-injection molded products for the household storage, garage storage, and commercial cleaning end-markets. The triple net lease with American Plastics has approximately 14 y ....
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 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. ....