Jun. 26 at 8:05 PM
$GOOD Gladstone Commercial acquires industrial facility in Michigan for
$16.25M
Gladstone Commercial 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.