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Subsequent Events
 6 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On July 5, 2022, the Company acquired one industrial property in Medley, FL, for a total purchase price of approximately $20.0 million. The property was acquired from an unrelated third party using existing cash on hand and borrowings from the Company’s revolving credit facility.
On August 2, 2022, the Company acquired one industrial property in Hawthorne, CA, for a total purchase price of approximately $6.5 million. The property was acquired from an unrelated third party using borrowings from the Company’s revolving credit facility.
On August 1, 2022, the Company prepaid a $50.0 million tranche of the Senior Unsecured Notes using borrowings from the Company’s revolving credit facility. The notes bore interest at 4.23% and had an original maturity date of September 1, 2022.
On August 2, 2022, the Company’s board of directors declared a cash dividend in the amount of $0.40 per share of its common stock payable on October 14, 2022 to the stockholders of record as of the close of business on September 30, 2022.