Gladstone Commercial Announces $18.8 Million Industrial Acquisition in Wilmington, NC
MCLEAN, VA / ACCESSWIRE / May 12, 2022 / On May 12, 2022, Gladstone Commercial Corporation (NASDAQ:GOOD) acquired a 345,584 square foot industrial manufacturing/distribution warehouse, located on 59 acres in Wilmington, North Carolina, for $18.8 million with a GAAP capitalization rate of 6.45%.The property is 100% leased to Pacon Manufacturing ("Pacon") with 13.1 years of remaining lease term. Pacon, founded in 1949, is a contract manufacturer...
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