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Held for Sale/Disposed Assets
9 Months Ended
Sep. 30, 2024
Held For Sale/Disposed Assets [Abstract]  
Held for Sale/Disposed Assets Held for Sale/Disposed Assets
As of September 30, 2024, the Company had entered into agreements with third-party purchasers to sell one property located in the San Francisco Bay Area market for a sales price of approximately $16.9 million (net book value of approximately $6.3 million) and one property consisting of two buildings also located in the San Francisco Bay Area market for a sales price of approximately $13.0 million (net book value of approximately $4.5 million). The sales of the properties are subject to various closing conditions.
During the nine months ended September 30, 2024, the Company sold one property located in the Seattle market for a sales price of approximately $11.0 million, resulting in a gain of approximately $5.7 million.
During the nine months ended September 30, 2023, the Company sold one property located in the Northern New Jersey/New York City market for a sales price of approximately $25.5 million, resulting in a gain of approximately $12.3 million.