Subsequent Events	6 Months Ended
Jun. 30, 2012
Subsequent Events [Abstract]
Subsequent Events	Note 9. Subsequent Events On July 3, 2012, the Company acquired three industrial buildings containing 171,707 square feet located in Sunnyvale, CA for a total purchase price of approximately $33.7 million. The property was acquired from an unrelated third party using existing cash on hand and borrowings under the Facility. On July 19, 2012, the Company completed a public offering of 1,840,000 shares of its 7.75% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”), including 240,000 shares sold upon the exercise by the underwriters of their option to purchase additional shares, at a price per share of $25.00. The estimated net proceeds of the offering were approximately $44.3 million after deducting the underwriting discount and other estimated offering expenses of approximately $1.7 million. The Company used the net proceeds to reduce outstanding borrowings under the Facility. On July 23, 2012, the Company acquired one industrial building containing 74,679 square feet located in Doral, FL for a total purchase price of approximately $4.2 million. The property was acquired from an unrelated third party using existing cash on hand and borrowings under the Facility. On July 31, 2012, the Company acquired one industrial building containing 103,200 square feet located in Redondo Beach, CA for a total purchase price of approximately $14.2 million. The property was acquired from an unrelated third party using existing cash on hand and borrowings under the Facility. On August 2, 2012, the Company acquired one industrial building containing 24,277 square feet located in South San Francisco, CA for a total purchase price of approximately $3.6 million. The property was acquired from an unrelated third party using existing cash on hand and borrowings under the Facility. On August 3, 2012, the Company’s board of directors declared a cash dividend in the amount of $0.12 per share of the Company’s common stock payable on October 26, 2012 to the stockholders of record as of the close of business on October 5, 2012. On August 3, 2012, the Company’s board of directors declared a dividend in the amount of $0.3875 per share of its Series A Preferred Stock for the period from July 19, 2012 through September 30, 2012 payable on October 1, 2012 to the preferred stockholders of record as of the close of business on September 10, 2012.

Subsequent Events

6 Months Ended

Jun. 30, 2012

Note 9. Subsequent Events

On July 3, 2012, the Company acquired three industrial buildings containing 171,707 square feet located in Sunnyvale, CA for a total purchase price of approximately $33.7 million. The property was acquired from an unrelated third party using existing cash on hand and borrowings under the Facility.

On July 19, 2012, the Company completed a public offering of 1,840,000 shares of its 7.75% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”), including 240,000 shares sold upon the exercise by the underwriters of their option to purchase additional shares, at a price per share of $25.00. The estimated net proceeds of the offering were approximately $44.3 million after deducting the underwriting discount and other estimated offering expenses of approximately $1.7 million. The Company used the net proceeds to reduce outstanding borrowings under the Facility.

On July 23, 2012, the Company acquired one industrial building containing 74,679 square feet located in Doral, FL for a total purchase price of approximately $4.2 million. The property was acquired from an unrelated third party using existing cash on hand and borrowings under the Facility.

On July 31, 2012, the Company acquired one industrial building containing 103,200 square feet located in Redondo Beach, CA for a total purchase price of approximately $14.2 million. The property was acquired from an unrelated third party using existing cash on hand and borrowings under the Facility.

On August 2, 2012, the Company acquired one industrial building containing 24,277 square feet located in South San Francisco, CA for a total purchase price of approximately $3.6 million. The property was acquired from an unrelated third party using existing cash on hand and borrowings under the Facility.

On August 3, 2012, the Company’s board of directors declared a cash dividend in the amount of $0.12 per share of the Company’s common stock payable on October 26, 2012 to the stockholders of record as of the close of business on October 5, 2012.

On August 3, 2012, the Company’s board of directors declared a dividend in the amount of $0.3875 per share of its Series A Preferred Stock for the period from July 19, 2012 through September 30, 2012 payable on October 1, 2012 to the preferred stockholders of record as of the close of business on September 10, 2012.