Seeking Alpha

Gladstone buys Scranton warehouse

  • The nearly 1M square foot bulk distribution warehouse is occupied by a regional third-party logistics company under a 10-year lease. The purchase price is $39M and the average cap rate is 8.7%.
  • Gladstone's (GOOD -0.2%) portfolio is up to 93 properties in 23 states totaling about 10.5M square feet.
  • Press release
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