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Recent Real Estate Transactions (Tables)
 9 Months Ended
Sep. 30, 2015
Real Estate [Abstract]  
Properties Acquired and Sold

The Company allocated the purchase price of the properties acquired during the nine months ended September 30, 2015 as follows:

 

 

 

 

 

 

 

Buildings

 

 

Tenant

 

 

Leases

 

 

Leasing

 

 

Total

 

 

 

Land

 

 

and Other

 

 

Improvements

 

 

in Place

 

 

Costs

 

 

Purchase Price

 

West Fargo Industrial

 

$

1,693,035

 

 

$

6,021,166

 

 

$

3,166

 

 

$

99,595

 

 

$

83,038

 

 

$

7,900,000

 

300 N.P.

 

 

135,430

 

 

 

3,429,097

 

 

 

53,272

 

 

 

127,852

 

 

 

104,349

 

 

 

3,850,000

 

Research Parkway

 

 

407,722

 

 

 

2,283,689

 

 

 

38,022

 

 

 

50,300

 

 

 

70,267

 

 

 

2,850,000

 

Highland Court

 

 

3,608,028

 

 

 

6,939,286

 

 

 

1,412,097

 

 

 

621,323

 

 

 

469,266

 

 

 

13,050,000

 

One Park Centre

 

 

1,205,552

 

 

 

7,047,875

 

 

 

274,591

 

 

 

366,121

 

 

 

255,861

 

 

 

9,150,000

 

Model Homes Properties

 

 

797,000

 

 

 

4,931,263

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

5,728,263

 

 

 

$

7,846,767

 

 

$

30,652,376

 

 

$

1,781,148

 

 

$

1,265,191

 

 

$

982,781

 

 

$

42,528,263