Gladstone Commercial (GOOD) announced the acquisition of a 215,102 square foot, crane-served industrial manufacturing, distribution, and warehouse facility located in Harrison Township, Michigan. The property was acquired for $16.25M at a weighted average GAAP capitalization rate of 9.59%. The facility is 100% leased to Yanfeng International Automotive Technology US, a U.S.-based subsidiary of Yanfeng International Automotive Technology.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOOD:
- Gladstone Commercial Secures $20 Million Term Loan
- Gladstone Commercial announces industrial acquisition in Germantown, Wisconsin
- Gladstone Commercial Reports Stable Q1 2025 Results
- Gladstone Commercial’s Earnings Call Highlights Industrial Focus
- Gladstone Commercial price target lowered to $16 from $18 at Alliance Global