T E A M W O R K    •     P A R T N E R S H I P     •     D E D I C A T I O N 

HOME        ABOUT US        DEBT & EQUITY      REAL ESTATE       PORTFOLIO      SR. TEAM        PRESS ROOM      CONTACT
         
   



$3,650,000

 
Third Party Purchase  
Birmingham, AL  

Gladstone Commercial Corporation (NASDAQ: GOOD) purchased a single-story, 30,850 square foot, single-tenant office building located in Birmingham, Alabama for $3.65 million at an average cap rate of 9.12%. Approximately 15% of the building is dedicated datacenter space.

The building is fully leased to TekLinks, Inc., a leading and growing provider of Information Technology consulting and technology-related services to businesses in the Gulf South. The lease runs through July 2023. The property is located 6.5 miles south of the Birmingham central business district and serves as TekLinks' headquarters. The property is adjacent to I-65, which allows the tenant quick access to its customers in both the CBD and the southern Birmingham suburbs. TekLinks operates six additional locations in Alabama, Mississippi and Tennessee.

"This acquisition demonstrates Gladstone Commercial's continued focus on acquiring properties with solid credit tenants in primary and secondary markets," explained Senior Managing Director Buzz Cooper. "This is our third acquisition in the Birmingham MSA, which is a steady, growing market. We are actively pursuing more deals in the area."

 
   
 
    For more information on this transaction, please contact:     
   

Buzz Cooper
Senior Managing Director
(703) 287-5815

Brandon Flickinger
Principal
(703) 287-5819

   
   
 
    THE GLADSTONE COMPANIES    
   

Leaders in private equity, debt and real estate ownership and financing, the Gladstone Companies are a family of public and private investment funds. Our funds invest in commercial real estate, farmland, and small and medium-sized companies and provide financing to such businesses across the capital structure, from second lien and mezzanine debt, to equity and real estate financing solutions.

Financing for the Gladstone Companies is provided by four public investment vehicles: Gladstone Capital Corporation (NASDAQ: GLAD), Gladstone Investment Corporation (NASDAQ: GAIN), Gladstone Commercial Corporation (NASDAQ: GOOD), and Gladstone Land Corporation (NASDAQ: LAND).

 
   
 
 

WASHINGTON, DC
1521 Westbranch Drive
Suite 100
McLean, VA
22102

LOS ANGELES, CA
1600 Rosecrans Avenue
Media Center, 4th Floor
Manhatthan Beach, CA
90266

CHICAGO, IL
200 South Wacker Drive
31st Floor
Chicago, IL
60606

NEW YORK, NY
245 Park Avenue
39th Floor
New York, NY
10167

                                       
www.gladstonecompanies.com http://www.facebookloginhut.com/facebook-login/ http://www.facebookloginhut.com/facebook-login/ http://www.facebookloginhut.com/facebook-login/

1521 Westbranch Drive · Suite 100 · McLean, VA 22102
(703) 287-5800 · (703) 287-5801 fax