10:23 AM EDT, 09/03/2024 (MT Newswires) -- Gladstone Commercial ( GOOD ) said Tuesday it acquired a 50,102-square foot class A industrial manufacturing, distribution and service facility in Midland, Texas.

The property transaction is a long-term, sale-leaseback transaction with a 15-year absolute triple net lease, according to the company.

Gladstone said the property is leased 100% to a provider of electrical feedthrough connectors, wellhead solutions and related services.

Jerry Hopkins of Newmark's ( NMRK ) Dallas office marketed the property, Gladstone added.

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