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.