Subsequent Events	6 Months Ended
Jun. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	Note 12. Subsequent Events On July 6, 2017, the Company acquired two industrial buildings located in Santa Fe Springs, CA containing approximately 87,000 square feet for a total purchase price of approximately $14.9 million. The property was acquired from an unrelated third party using existing cash on hand and borrowings on the revolving credit facility. On July 7, 2017, the Company acquired one industrial building located in Seattle, WA containing approximately 13,000 square feet for a total purchase price of approximately $4.0 million. The property was acquired from an unrelated third party using existing cash on hand and borrowings on the revolving credit facility. On July 14, 2017, the Company issued in a private placement $100.0 million of senior unsecured notes (the “2024 Senior Unsecured Notes”) with a seven-year term. The 2024 Senior Unsecured Notes bear interest at a fixed annual interest rate of 3.75% and mature in July 2024. The 2024 Senior Unsecured Notes are guaranteed by the Company and by substantially all of the current and to-be-formed subsidiaries of the borrower that own an unencumbered property. These 2024 Senior Unsecured Notes are unsecured by the Company’s properties or by interests in the subsidiaries that hold such properties. The 2024 Senior Unsecured Notes include a series of financial and other covenants with which the Company must comply. On July 19, 2017, the Company redeemed all 1,840,000 outstanding shares of its Series A Preferred Stock at a redemption price of $25.00 per share, plus an amount per share of $0.096875 representing all accrued and unpaid dividends per share from July 1, 2017 to, but excluding July 19, 2017, without interest. The Company will recognize a charge of approximately $1.8 million during the three months ended September 30, 2017 representing the write-off of original issuance costs related to the redemption of the Series A Preferred Stock. On July 21, 2017, the Company acquired one industrial building located in Compton, CA containing approximately 58,000 square feet for a total purchase price of approximately $9.4 million. The property was acquired from an unrelated third party using existing cash on hand and borrowings on the revolving credit facility. On August 1, 2017, the Company’s board of directors declared a cash dividend in the amount of $0.22 per share of its common stock payable on October 20, 2017 to the stockholders of record as of the close of business on October 6, 2017.

Note 12. Subsequent Events

On July 6, 2017, the Company acquired two industrial buildings located in Santa Fe Springs, CA containing approximately 87,000 square feet for a total purchase price of approximately $14.9 million. The property was acquired from an unrelated third party using existing cash on hand and borrowings on the revolving credit facility.

On July 7, 2017, the Company acquired one industrial building located in Seattle, WA containing approximately 13,000 square feet for a total purchase price of approximately $4.0 million. The property was acquired from an unrelated third party using existing cash on hand and borrowings on the revolving credit facility.

On July 14, 2017, the Company issued in a private placement $100.0 million of senior unsecured notes (the “2024 Senior Unsecured Notes”) with a seven-year term. The 2024 Senior Unsecured Notes bear interest at a fixed annual interest rate of 3.75% and mature in July 2024. The 2024 Senior Unsecured Notes are guaranteed by the Company and by substantially all of the current and to-be-formed subsidiaries of the borrower that own an unencumbered property. These 2024 Senior Unsecured Notes are unsecured by the Company’s properties or by interests in the subsidiaries that hold such properties. The 2024 Senior Unsecured Notes include a series of financial and other covenants with which the Company must comply.

On July 19, 2017, the Company redeemed all 1,840,000 outstanding shares of its Series A Preferred Stock at a redemption price of $25.00 per share, plus an amount per share of $0.096875 representing all accrued and unpaid dividends per share from July 1, 2017 to, but excluding July 19, 2017, without interest. The Company will recognize a charge of approximately $1.8 million during the three months ended September 30, 2017 representing the write-off of original issuance costs related to the redemption of the Series A Preferred Stock.

On July 21, 2017, the Company acquired one industrial building located in Compton, CA containing approximately 58,000 square feet for a total purchase price of approximately $9.4 million. The property was acquired from an unrelated third party using existing cash on hand and borrowings on the revolving credit facility.

On August 1, 2017, the Company’s board of directors declared a cash dividend in the amount of $0.22 per share of its common stock payable on October 20, 2017 to the stockholders of record as of the close of business on October 6, 2017.