STAG Capital Partners has purchased a 169,955-square-foot warehouse and distribution facility in Eldridge, Iowa.

The value of the transaction was more than $8 million.

The building is situated on 23 acres of land at 951 Trails Road and is master-leased to ADS Logistics LLC, a provider of fully integrated logistics and supply-chain solutions to the metals industry, for 15 years.

Steel House LLC sold the property.

STAG Capital Partners actively acquires single-tenant, net-leased properties, which include warehouse, flex, manufacturing and office buildings.

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