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Real Estate Acquired and Sold
3 Months Ended
Mar. 31, 2016
Business Combinations [Abstract]  
Real Estate Acquired and Sold
Real Estate Acquired and Sold
726 N. Glebe Road
In September 2015, the Company purchased for $4.0 million, 726 N. Glebe Road and incurred acquisition costs of $56,700. The property is contiguous with two other properties owned by the Company and is located in Arlington, Virginia.
Westview Pad
In February 2015, the Company purchased for $0.9 million, including acquisition costs, a 1.1 acre retail pad site in Frederick, Maryland, which is contiguous with and an expansion of the Company's other Westview asset.
Allocation of Purchase Price of Real Estate Acquired
The Company allocates the purchase price of real estate investment properties to various components, such as land, buildings and intangibles related to in-place leases and customer relationships, based on their fair values. See Note 2. Summary of Significant Accounting Policies-Real Estate Investment Properties.