Gladstone Commercial Corporation acquired two assets in the Dallas/Fort Worth MSA. The two assets total $11,925,000 and 107,714 square feet. The first asset, acquired on July 10, 2023, is a 7,714 square foot medical retail facility, located in Burleson, Texas with a ten-year net lease to a national provider of applied behavior analysis therapy.

The purchase price of the asset was $2,850,000. The second asset, acquired on July 28, 2023, is a 100,000 square foot industrial manufacturing facility, located in Cedar Hill, Texas. The property was acquired in a 20-year absolute net sale leaseback.

This asset continues to build upon Gladstone Commercial's strong track record of executing long-term industrial sale leaseback transactions with creditworthy tenants. The purchase price of the assets was $9,075,000 with a GAAP cap rate of 10.10%.