Subsequent Events	12 Months Ended
Dec. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	14. SUBSEQUENT EVENTS Mortgage Refinance On February 27, 2025, the Company executed a loan application with John Hancock Life Insurance Company for a $25,000,000 loan. The loan will be a 10-year interest only loan at an interest rate of 5.65% and the closing date of the loan is expected to be on or before April 28, 2025. The proceeds of the loan will be used in connection with the maturity of the Company’s mortgage loan with Allstate Life Insurance Company. Distributions On March 11, 2025, our Board of Directors declared a supplemental cash dividend of $0.85 per share of common stock, payable with respect to the year ended December 31, 2024, to stockholders of record as of the close of business on March 31, 2025, payable on April 10, 2025. On March 11, 2025, our Board of Directors declared a quarterly cash dividend of $0.12 per share of common stock, payable with respect to the first quarter ended March 31, 2025, to stockholders of record as of the close of business on March 31, 2025, payable on April 17, 2025. Purchase Of Real Estate On January 29, 2025, the Company (through its Operating Partnership) acquired for cash a 5.36 acre lot in Charlotte, North Carolina for $3.9 million, exclusive of closing costs. The property is currently leased to Excel Inc. (d/b/a DHL Supply Chain) pursuant to a lease expiring on December 31, 2025. Sale Of Real Estate On January 23, 2025, the Company (through its Operating Partnership) entered into a purchase and sale agreement for the sale of a property located at 25 Corporate Place, Piscataway, New Jersey for $16.0 million. There are conditions precedent to closing and the purchaser has the right to cancel the agreement in its sole discretion for any reason or for no reason by giving written notice of such election on or before March 24, 2025, which election can be extended by purchaser for an additional thirty (30) days upon timely notice to the Company.

Subsequent Events

12 Months Ended

Dec. 31, 2024

14. SUBSEQUENT EVENTS

Mortgage Refinance

On February 27, 2025, the Company executed a loan application with John Hancock Life Insurance Company for a $25,000,000 loan. The loan will be a 10-year interest only loan at an interest rate of 5.65% and the closing date of the loan is expected to be on or before April 28, 2025. The proceeds of the loan will be used in connection with the maturity of the Company’s mortgage loan with Allstate Life Insurance Company.

Distributions

On March 11, 2025, our Board of Directors declared a supplemental cash dividend of $0.85 per share of common stock, payable with respect to the year ended December 31, 2024, to stockholders of record as of the close of business on March 31, 2025, payable on April 10, 2025. On March 11, 2025, our Board of Directors declared a quarterly cash dividend of $0.12 per share of common stock, payable with respect to the first quarter ended March 31, 2025, to stockholders of record as of the close of business on March 31, 2025, payable on April 17, 2025.

Purchase Of Real Estate

On January 29, 2025, the Company (through its Operating Partnership) acquired for cash a 5.36 acre lot in Charlotte, North Carolina for $3.9 million, exclusive of closing costs. The property is currently leased to Excel Inc. (d/b/a DHL Supply Chain) pursuant to a lease expiring on December 31, 2025.

Sale Of Real Estate

On January 23, 2025, the Company (through its Operating Partnership) entered into a purchase and sale agreement for the sale of a property located at 25 Corporate Place, Piscataway, New Jersey for $16.0 million. There are conditions precedent to closing and the purchaser has the right to cancel the agreement in its sole discretion for any reason or for no reason by giving written notice of such election on or before March 24, 2025, which election can be extended by purchaser for an additional thirty (30) days upon timely notice to the Company.