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Subsequent Events
3 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On April 9, 2025, the Company acquired one industrial property in Redmond, Washington for a total purchase price of approximately $9.3 million. The property was acquired from an unrelated third party using existing cash on hand.
On April 24, 2025, the Company acquired one industrial property in Long Island City, New York for a total purchase price of approximately $7.6 million. The property was acquired from an unrelated third party using existing cash on hand.
On May 6, 2025, the Company’s board of directors declared a cash dividend in the amount of $0.49 per share of its common stock payable on July 11, 2025 to the stockholders of record as of the close of business on June 27, 2025.