Gladstone Commercial Announces Industrial Acquisition In Indianapolis, IN; Acquired 67,709 Sq Ft Industrial Facility At Weighted GAAP Capitalization Rate Of 10.1%; Acquired In Long-Term Sale Leaseback Transaction With A 20-Year Absolute NNN Lease
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Gladstone Commercial has announced the acquisition of a 67,709 sq ft industrial facility in Indianapolis, IN. The acquisition was made at a weighted GAAP capitalization rate of 10.1% and was part of a long-term sale leaseback transaction with a 20-year absolute NNN lease.
November 06, 2023 | 10:31 pm
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Gladstone Commercial's acquisition of an industrial facility in Indianapolis could potentially increase its asset base and generate steady lease income over the next 20 years.
The acquisition of the industrial facility in Indianapolis by Gladstone Commercial is a direct investment into its asset base. This could potentially increase the company's value and provide a steady stream of lease income over the next 20 years, which could positively impact its financial performance and, consequently, its stock price.
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