Gladstone Commercial Announces Industrial Acquisition in Houston, TX
Gladstone Commercial (NASDAQ:GOOD) has acquired a 215,474 square foot, Class A industrial manufacturing facility in Houston, Texas, at a weighted GAAP capitalization rate of 8.31%. The facility was acquired through a long-term sale-leaseback transaction with a 10-year absolute NNN lease.
The property is 100% leased to CSE W-Industries, a U.S. based subsidiary of CSE Global specializing in system integration for energy, infrastructure, and electrification industries. The tenant designs and delivers tailored solutions, including electrical control systems, hydraulic power units, and pressure vessels for data centers and critical applications.
The modern, crane-served facility serves as a key manufacturing hub for CSE W-Industries' electrification business. The acquisition aligns with Gladstone Commercial's strategy of acquiring high-quality, functional assets leased to creditworthy tenants in strong industrial markets.
Gladstone Commercial (NASDAQ:GOOD) ha acquisito una struttura industriale di produzione di classe A di 215.474 piedi quadrati a Houston, Texas, con un tasso di capitalizzazione GAAP ponderato dell'8,31%. La struttura è stata acquisita attraverso una transazione di vendita e locazione a lungo termine con un contratto di locazione assoluta NNN di 10 anni.
La proprietà è completamente affittata a CSE W-Industries, una filiale statunitense di CSE Global specializzata nell'integrazione di sistemi per i settori dell'energia, delle infrastrutture e dell'elettrificazione. L'inquilino progetta e fornisce soluzioni su misura, inclusi sistemi di controllo elettrici, unità di potenza idraulica e recipienti a pressione per data center e applicazioni critiche.
La moderna struttura servita da gru funge da hub di produzione chiave per il business di elettrificazione di CSE W-Industries. L'acquisizione è allineata con la strategia di Gladstone Commercial di acquisire beni di alta qualità e funzionali affittati a inquilini affidabili in mercati industriali solidi.
Gladstone Commercial (NASDAQ:GOOD) ha adquirido una instalación de fabricación industrial de clase A de 215,474 pies cuadrados en Houston, Texas, a una tasa de capitalización GAAP ponderada del 8.31%. La instalación fue adquirida a través de una transacción de venta y arrendamiento a largo plazo con un contrato de arrendamiento absoluto NNN de 10 años.
La propiedad está 100% arrendada a CSE W-Industries, una subsidiaria estadounidense de CSE Global especializada en integración de sistemas para las industrias de energía, infraestructura y electrificación. El inquilino diseña y ofrece soluciones personalizadas, incluidos sistemas de control eléctrico, unidades de potencia hidráulica y recipientes a presión para centros de datos y aplicaciones críticas.
La moderna instalación servida por grúas sirve como un centro de fabricación clave para el negocio de electrificación de CSE W-Industries. La adquisición se alinea con la estrategia de Gladstone Commercial de adquirir activos funcionales de alta calidad arrendados a inquilinos solventes en mercados industriales fuertes.
Gladstone Commercial (NASDAQ:GOOD)는 텍사스주 휴스턴에 있는 215,474평방피트 규모의 A급 산업 제조 시설을 8.31%의 가중 GAAP 자본화율로 인수했습니다. 이 시설은 10년의 절대 NNN 임대 계약을 통해 장기 매각-임대 거래를 통해 인수되었습니다.
이 부동산은 100% CSE W-Industries에 임대되어 있으며, CSE Global의 미국 자회사로 에너지, 인프라 및 전력화 산업을 위한 시스템 통합을 전문으로 하고 있습니다. 세입자는 데이터 센터 및 중요한 애플리케이션을 위한 전기 제어 시스템, 유압 파워 유닛 및 압력 용기를 포함한 맞춤형 솔루션을 설계하고 제공합니다.
모던한 크레인 서비스 시설은 CSE W-Industries의 전력화 비즈니스의 핵심 제조 허브 역할을 합니다. 이 인수는 신뢰할 수 있는 세입자에게 임대된 고품질 기능 자산을 인수하는 Gladstone Commercial의 전략과 일치합니다.
Gladstone Commercial (NASDAQ:GOOD) a acquis une installation de fabrication industrielle de classe A de 215 474 pieds carrés à Houston, Texas, avec un taux de capitalisation GAAP pondéré de 8,31 %. L'installation a été acquise par le biais d'une transaction de vente-cession à long terme avec un bail absolu NNN de 10 ans.
La propriété est entièrement louée à CSE W-Industries, une filiale américaine de CSE Global spécialisée dans l'intégration de systèmes pour les industries de l'énergie, des infrastructures et de l'électrification. Le locataire conçoit et fournit des solutions sur mesure, y compris des systèmes de contrôle électrique, des unités de puissance hydraulique et des récipients sous pression pour les centres de données et les applications critiques.
La structure moderne, desservie par des grues, sert de plaque tournante clé pour les activités d'électrification de CSE W-Industries. L'acquisition s'inscrit dans la stratégie de Gladstone Commercial d'acquérir des actifs fonctionnels de haute qualité loués à des locataires solvables sur des marchés industriels solides.
Gladstone Commercial (NASDAQ:GOOD) hat eine 215.474 Quadratfuß große, moderne Industrieproduktionsstätte der Klasse A in Houston, Texas zu einem gewichteten GAAP-Kapitalisierungszinssatz von 8,31% erworben. Die Einrichtung wurde im Rahmen einer langfristigen Verkaufs- und Leasingtransaktion mit einem 10-jährigen absoluten NNN-Mietvertrag erworben.
Die Immobilie ist zu 100% an CSE W-Industries vermietet, eine US-amerikanische Tochtergesellschaft von CSE Global, die sich auf die Systemintegration für die Energie-, Infrastruktur- und Elektrifizierungsindustrien spezialisiert hat. Der Mieter entwirft und liefert maßgeschneiderte Lösungen, einschließlich elektrischer Steuerungssysteme, hydraulischer Energieeinheiten und Druckbehälter für Rechenzentren und kritische Anwendungen.
Die moderne, kranbediente Einrichtung dient als wichtiger Produktionsstandort für das Elektrifizierungsgeschäft von CSE W-Industries. Der Erwerb steht im Einklang mit der Strategie von Gladstone Commercial, hochwertige, funktionale Vermögenswerte zu erwerben, die an kreditwürdige Mieter in starken Industriegebieten vermietet sind.
- 100% occupancy with 10-year absolute NNN lease
- Attractive 8.31% weighted GAAP capitalization rate
- Class A industrial facility with modern specifications
- Mission-critical facility for tenant's operations
- None.
Insights
This strategic acquisition in Houston marks a significant addition to Gladstone Commercial's industrial portfolio, featuring several compelling aspects that enhance its investment value proposition. The 8.31% GAAP capitalization rate is particularly noteworthy in today's market environment, where industrial cap rates typically range between 5-7%, suggesting an attractive yield premium that could positively impact the company's income generation potential.
The 10-year absolute NNN (triple-net) lease structure is especially valuable as it transfers all operating expenses, including maintenance, taxes, and insurance, to the tenant. This arrangement effectively creates a bond-like income stream while protecting against inflationary pressures on operating costs. The sale-leaseback transaction structure also indicates the tenant's long-term commitment to the facility and provides them with immediate capital for core business operations.
The property's strategic value is enhanced by its mission-critical nature for CSE W-Industries' operations, particularly in the rapidly growing electrification sector. The facility's modern specifications and crane-served capabilities make it highly specialized and difficult to replicate, creating significant switching costs for the tenant and supporting long-term occupancy.
Houston's industrial market continues to demonstrate robust fundamentals, driven by population growth, energy sector dynamics, and its position as a major distribution hub. The 215,474 square foot facility's location in this key market enhances its long-term value proposition and potential for appreciation.
This acquisition aligns perfectly with Gladstone's strategic focus on increasing industrial concentration while maintaining investment discipline. The combination of a creditworthy tenant, mission-critical facility characteristics, and strong market fundamentals suggests this asset will contribute positively to the REIT's income stability and portfolio quality.
MCLEAN, VA / ACCESS Newswire / February 20, 2025 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") has acquired a 215,474 square foot, Class A industrial manufacturing facility in Houston, Texas, at a weighted GAAP capitalization rate of
The property is
The Property was marketed by Wes Williams and Robert Alinger of Colliers' Houston office.
Comments from Gladstone Commercial's Head of South-Central Region, Todd McDonald: "We are excited to partner with another high-quality tenant in a long-term sale-leaseback transaction. This facility is a highly functional, crane-served, mission-critical asset for the tenant's operations and serves as a key manufacturing hub for its electrification business."
Comments from Gladstone Commercial's President, Buzz Cooper: "We remain focused on increasing our industrial concentration in line with our long-term strategy while maintaining a disciplined approach to acquisitions. This transaction reflects our commitment to acquiring high-quality mission-critical assets in strong, growing markets. This modern, highly functional facility, backed by a strong creditworthy tenant under a long-term lease, improves our industrial portfolio and supports our goal of expanding with well-located, high-performing assets. Acquiring a modern facility in a competitive market reinforces our investment strategy and ability to partner with tenants in sectors positioned for long-term growth."
About Gladstone Commercial (NASDAQ:GOOD)
Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of December 31, 2024, Gladstone Commercial's real estate portfolio consisted of 135 properties located in 27 states, totaling approximately 16.9 million square feet. For additional information, please visit www.gladstonecommercial.com.
For Broker Submittals:
South Central: | Midwest/West |
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Investor or Media Inquiries:
Buzz Cooper | Catherine Gerkis |
All statements contained in this press release, other than historical facts, may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements involve inherent risks and uncertainties as they relate to expectations, beliefs, projections, future plans and strategies, anticipated events, or trends concerning matters that are not historical facts and may ultimately prove to be incorrect or false. Forward-looking statements include information about possible or assumed future events, including, without limitation, those relating to the discussion and analysis of Gladstone Commercial's business, financial condition, results of operations, and our strategic plans and objectives. Words such as "may," "might," "believe," "will," "anticipate," "future," "could," "growth," "plan," "intend," "expect," "should," "would," "if," "seek," "possible," "potential," "likely" and variations of these words and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these words. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those included within or contemplated by such statements, including, but not limited to, the description of risks and uncertainties in "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" of the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on February 18, 2025, and certain other filings made with the SEC. Gladstone Commercial cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
For further information: Gladstone Commercial Corporation, (703) 287-5893
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstonecompanies.com.
SOURCE: Gladstone Commercial Corporation
View the original press release on ACCESS Newswire
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