Schedule III - Real Estate and Accumulated Depreciation

v3.19.3.a.u2

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2019
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
SCHEDULE III—REAL ESTATE AND ACCUMULATED DEPRECIATION	GLADSTONE COMMERCIAL CORPORATION SCHEDULE III—REAL ESTATE AND ACCUMULATED DEPRECIATION DECEMBER 31, 2019 (Dollars in Thousands)       Initial Cost   Total Cost         Location of Property Encumbrances Land Buildings & Improvements Improvement Costs Capitalized Subsequent to Acquisition Land Buildings & Improvements Total  (1) Accumulated Depreciation (2) Net Real Estate (4) Year Construction/ Improvements Date Acquired Raleigh, North Carolina (3)                       Office Building $ — $ 960 $ 4,481 $ 35 $ 960 $ 4,516 $ 5,476 $ 2,304 $ 3,172 1997 12/23/2003 Canton, Ohio                       Office Building 1,469 186 3,083 500 187 3,582 3,769 1,553 2,216 1994 1/30/2004 Akron, Ohio (3)                       Office Building — 1,973 6,771 2,793 1,974 9,563 11,537 3,287 8,250 1968/1999 4/29/2004 Charlotte, North Carolina                       Office Building — 740 8,423 (1,752 ) 510 6,901 7,411 3,417 3,994 1984/1995 6/30/2004 Canton, North Carolina                       Industrial Building 3,225 150 5,050 7,285 150 12,335 12,485 2,982 9,503 1998/2014 7/6/2004 Crenshaw, Pennsylvania (3)                       Industrial Building — 100 6,574 269 100 6,843 6,943 2,727 4,216 1991 8/5/2004 Lexington, North Carolina (3)                       Industrial Building — 820 2,107 69 820 2,176 2,996 899 2,097 1986 8/5/2004 Austin, Texas (3)                       Office Building — 1,000 6,296 954 1,000 7,250 8,250 2,661 5,589 2001 9/16/2004 Mt. Pocono, Pennsylvania (3)                       Industrial Building — 350 5,819 18 350 5,837 6,187 2,311 3,876 1995/1999 10/15/2004 San Antonio, Texas (3)                       Office Building — 843 7,514 2,240 843 9,754 10,597 3,614 6,983 1999 2/10/2005 Big Flats, New York                       Industrial Building 2,119 275 6,459 34 275 6,493 6,768 2,456 4,312 2001 4/15/2005 Wichita, Kansas (3)                       Office Building — 1,525 9,703 327 1,525 10,030 11,555 3,826 7,729 2000 5/18/2005 Eatontown, New Jersey                       Office Building 2,662 1,351 3,520 534 1,351 4,054 5,405 1,585 3,820 1991 7/7/2005 Duncan, South Carolina                       Industrial Building 8,637 783 10,790 1,889 783 12,679 13,462 4,588 8,874 1984/2001/2007 7/14/2005 Duncan, South Carolina                       Industrial Building 2,147 195 2,682 470 195 3,152 3,347 1,140 2,207 1984/2001/2007 7/14/2005 Clintonville, Wisconsin (3)                       Industrial Building — 55 4,717 3,250 55 7,967 8,022 2,440 5,582 1992/2013 10/31/2005 Maple Heights, Ohio                       Industrial Building 4,000 1,609 10,065 3,079 1,609 13,144 14,753 5,235 9,518 1974 12/21/2005 Richmond, Virginia (3)                       Office Building — 736 5,336 457 736 5,793 6,529 2,022 4,507 1972 12/30/2005 Champaign, Illinois (3)                       Office Building — 687 2,036 (41 ) 687 1,995 2,682 709 1,973 1996 2/21/2006 Champaign, Illinois (3)                       Office Building — 1,347 3,992 565 1,347 4,557 5,904 1,509 4,395 1996 2/21/2006 Champaign, Illinois (3)                       Office Building — 842 2,495 353 842 2,848 3,690 943 2,747 1996 2/21/2006 Champaign, Illinois (3)                       Office Building — 770 2,281 323 770 2,604 3,374 863 2,511 1996 2/21/2006 Burnsville, Minnesota                       Office Building 8,052 3,511 8,746 7,071 3,511 15,817 19,328 5,847 13,481 1984 5/10/2006 Menomonee Falls, Wisconsin (3)                       Industrial Building — 625 6,911 686 625 7,597 8,222 2,665 5,557 1986/2000 6/30/2006 Baytown, Texas (3)                       Medical Office Building — 221 2,443 2,478 221 4,921 5,142 1,610 3,532 1997 7/11/2006 Mason, Ohio                       Office Building 3,689 797 6,258 547 797 6,805 7,602 2,586 5,016 2002 1/5/2007 Raleigh, North Carolina (3)                           Initial Cost   Total Cost         Location of Property Encumbrances Land Buildings & Improvements Improvement Costs Capitalized Subsequent to Acquisition Land Buildings & Improvements Total  (1) Accumulated Depreciation (2) Net Real Estate (4) Year Construction/ Improvements Date Acquired Industrial Building — 1,606 5,513 3,749 1,606 9,262 10,868 3,103 7,765 1994 2/16/2007 Tulsa, Oklahoma                       Industrial Building — — 14,057 534 — 14,591 14,591 5,428 9,163 2004 3/1/2007 Hialeah, Florida (3)                       Industrial Building — 3,562 6,672 769 3,562 7,441 11,003 2,485 8,518 1956/1992 3/9/2007 Mason, Ohio (3)                       Retail Building — 1,201 4,961 — 1,201 4,961 6,162 1,619 4,543 2007 7/1/2007 Cicero, New York                       Industrial Building 3,263 299 5,019 — 299 5,019 5,318 1,586 3,732 2005 9/6/2007 Grand Rapids, Michigan                       Office Building 5,063 1,629 10,500 308 1,629 10,808 12,437 3,517 8,920 2001 9/28/2007 Bolingbrook, Illinois (3)                       Industrial Building — 1,272 5,003 856 1,272 5,859 7,131 2,049 5,082 2002 9/28/2007 Decatur, Georgia (3)                       Medical Office Building — 783 3,241 — 783 3,241 4,024 1,053 2,971 1989 12/13/2007 Decatur, Georgia (3)                       Medical Office Building — 205 847 — 205 847 1,052 275 777 1989 12/13/2007 Decatur, Georgia (3)                       Medical Office Building — 257 1,062 — 257 1,062 1,319 345 974 1989 12/13/2007 Lawrenceville, Georgia (3)                       Medical Office Building — 678 2,807 — 678 2,807 3,485 912 2,573 2005 12/13/2007 Snellville, Georgia (3)                       Medical Office Building — 176 727 — 176 727 903 236 667 1986 12/13/2007 Covington, Georgia (3)                       Medical Office Building — 232 959 — 232 959 1,191 312 879 2000 12/13/2007 Conyers, Georgia (3)                       Medical Office Building — 296 1,228 — 296 1,228 1,524 399 1,125 1994 12/13/2007 Cumming, Georgia                       Medical Office Building 2,730 738 3,055 2,524 741 5,576 6,317 1,474 4,843 2004 12/13/2007 Reading, Pennsylvania                       Industrial Building 3,458 491 6,202 — 491 6,202 6,693 1,902 4,791 2007 1/29/2008 Fridley, Minnesota                       Office Building 4,523 1,354 8,074 501 1,383 8,546 9,929 3,082 6,847 1985/2006 2/26/2008 Pineville, North Carolina                       Industrial Building 2,010 669 3,028 293 669 3,321 3,990 988 3,002 1985 4/30/2008 Marietta, Ohio                       Industrial Building 4,906 829 6,607 529 829 7,136 7,965 2,059 5,906 1992/2007 8/29/2008 Chalfont, Pennsylvania                       Industrial Building 4,420 1,249 6,420 362 1,249 6,782 8,031 2,186 5,845 1987 8/29/2008 Orange City, Iowa                       Industrial Building 6,068 258 5,861 6 258 5,867 6,125 1,660 4,465 1990 12/15/2010 Hickory, North Carolina                       Office Building 5,915 1,163 6,605 357 1,163 6,962 8,125 2,628 5,497 2008 4/4/2011 Springfield, Missouri (3)                       Office Building — 1,700 12,038 532 1,845 12,425 14,270 3,137 11,133 2006 6/20/2011 Boston Heights, Ohio                       Office Building 2,337 449 3,010 11 449 3,021 3,470 1,100 2,370 2011 10/20/2011 Parsippany, New Jersey                       Office Building 5,967 1,696 7,077 252 1,696 7,329 9,025 2,217 6,808 1984 10/28/2011 Dartmouth, Massachusetts                       Retail Location 3,450 — 4,236 — — 4,236 4,236 960 3,276 2011 11/18/2011 Springfield, Missouri                       Retail Location 1,343 — 2,275 — — 2,275 2,275 662 1,613 2005 12/13/2011 Pittsburgh, Pennsylvania                       Office Building 2,410 281 3,205 743 281 3,948 4,229 1,100 3,129 1968 12/28/2011 Ashburn, Virginia                       Office Building 6,272 706 7,858 — 705 7,859 8,564 2,059 6,505 2002 1/25/2012 Ottumwa, Iowa                       Industrial Building 3,042 212 5,072 310 212 5,382 5,594 1,360 4,234 1970 5/30/2012 New Albany, Ohio                           Initial Cost   Total Cost         Location of Property Encumbrances Land Buildings & Improvements Improvement Costs Capitalized Subsequent to Acquisition Land Buildings & Improvements Total  (1) Accumulated Depreciation (2) Net Real Estate (4) Year Construction/ Improvements Date Acquired Office Building 7,319 1,658 8,746 — 1,658 8,746 10,404 2,439 7,965 2007 6/5/2012 Columbus, Georgia                       Office Building 3,927 1,378 4,520 — 1,378 4,520 5,898 1,405 4,493 2012 6/21/2012 Columbus, Ohio                       Office Building 2,458 542 2,453 134 542 2,587 3,129 878 2,251 1981 6/28/2012 Jupiter, Florida (3)                       Office Building — 1,160 11,994 34 1,160 12,028 13,188 2,660 10,528 2011 9/26/2012 Fort Worth, Texas                       Industrial Building 11,076 963 15,647 — 963 15,647 16,610 3,405 13,205 2005 11/8/2012 Columbia, South Carolina                       Office Building 15,474 1,905 20,648 438 1,905 21,086 22,991 6,305 16,686 2010 11/21/2012 Egg Harbor, New Jersey                       Office Building 3,060 1,627 3,017 315 1,627 3,332 4,959 836 4,123 1985 3/28/2013 Vance, Alabama (3)                       Industrial Building — 457 10,529 6,692 457 17,221 17,678 2,900 14,778 2013 5/9/2013 Blaine, Minnesota                       Office Building 7,351 1,060 10,518 — 1,060 10,518 11,578 3,031 8,547 2009 5/10/2013 Austin, Texas                       Office Building 31,526 2,330 44,021 122 2,330 44,143 46,473 14,892 31,581 1999 7/9/2013 Allen, Texas                       Office Building 7,862 2,699 7,945 1,335 2,699 9,280 11,979 2,829 9,150 1998 7/10/2013 Englewood, Colorado                       Office Building 10,022 1,503 11,739 — 1,503 11,739 13,242 3,134 10,108 2008 12/11/2013 Novi, Michigan                       Industrial Building 3,815 352 5,626 — 352 5,626 5,978 1,170 4,808 1988 12/27/2013 Allen, Texas                       Retail Building 2,806 874 3,634 — 874 3,634 4,508 723 3,785 2004 3/27/2014 Colleyville, Texas                       Retail Building 2,591 1,277 2,424 — 1,277 2,424 3,701 525 3,176 2000 3/27/2014 Rancho Cordova, California                       Office Building 4,575 752 6,176 301 752 6,477 7,229 1,270 5,959 1986 4/22/2014 Coppell, Texas                       Retail Building 2,985 1,448 3,349 — 1,448 3,349 4,797 650 4,147 2005 5/8/2014 Columbus, Ohio (3)                       Office Building — 990 8,017 1,835 990 9,852 10,842 2,582 8,260 1986 5/13/2014 Taylor, Pennsylvania                       Industrial Building 21,600 3,101 25,405 — 3,101 25,405 28,506 4,477 24,029 2000/2006 6/9/2014 Aurora, Colorado (3)                       Industrial Building — 2,882 3,917 96 2,882 4,013 6,895 898 5,997 1983 7/1/2014 Indianapolis, Indiana                       Office Building 5,591 502 6,422 1,727 498 8,153 8,651 1,746 6,905 1981/2014 9/3/2014 Denver, Colorado (3)                       Industrial Building — 1,621 7,071 243 1,621 7,314 8,935 1,423 7,512 1985 10/31/2014 Monroe, Michigan                       Industrial Building 9,856 658 14,607 — 657 14,608 15,265 2,301 12,964 2004 12/23/2014 Monroe, Michigan                       Industrial Building 6,899 460 10,225 — 460 10,225 10,685 1,610 9,075 2004 12/23/2014 Richardson, Texas                       Office Building 13,296 2,728 15,372 643 2,728 16,015 18,743 3,349 15,394 1985/2008 3/6/2015 Birmingham, Alabama (3)                       Office Building — 650 2,034 60 650 2,094 2,744 477 2,267 1982/2010 3/20/2015 Dublin, Ohio                       Office Building 3,951 1,338 5,058 886 1,338 5,944 7,282 1,118 6,164 1980/Various 5/28/2015 Draper, Utah                       Office Building 12,184 3,248 13,129 74 3,248 13,203 16,451 2,459 13,992 2008 5/29/2015 Hapeville, Georgia                       Office Building 6,986 2,272 8,778 263 2,272 9,041 11,313 1,479 9,834 1999/2007 7/15/2015 Villa Rica, Georgia                       Industrial Building 3,546 293 5,277 18 293 5,295 5,588 832 4,756 2000/2014 10/20/2015 Taylorsville, Utah                           Initial Cost   Total Cost         Location of Property Encumbrances Land Buildings & Improvements Improvement Costs Capitalized Subsequent to Acquisition Land Buildings & Improvements Total  (1) Accumulated Depreciation (2) Net Real Estate (4) Year Construction/ Improvements Date Acquired Office Building 9,112 3,008 10,659 435 3,008 11,094 14,102 2,108 11,994 1997 5/26/2016 Fort Lauderdale, Florida                       Office Building 13,026 4,117 15,516 2,932 4,117 18,448 22,565 2,735 19,830 1984 9/12/2016 King of Prussia, Pennsylvania                       Office Building 14,612 3,681 15,739 — 3,681 15,739 19,420 2,182 17,238 2001 12/14/2016 Conshohocken, Pennsylvania                       Office Building 10,437 1,996 10,880 — 1,996 10,880 12,876 1,097 11,779 1996 6/22/2017 Philadelphia, Pennsylvania                       Industrial Building 14,924 5,896 16,282 10 5,906 16,282 22,188 1,903 20,285 1994/2011 7/7/2017 Maitland, Florida                       Office Building 15,789 3,073 19,661 431 3,091 20,074 23,165 2,615 20,550 1998 7/31/2017 Maitland, Florida                       Office Building 7,916 2,095 9,339 — 2,095 9,339 11,434 940 10,494 1999 7/31/2017 Columbus, Ohio                       Office Building 9,114 1,926 11,410 (1 ) 1,925 11,410 13,335 1,235 12,100 2007 12/1/2017 Salt Lake City, Utah (3)                       Office Building — 4,446 9,938 771 4,446 10,709 15,155 1,021 14,134 2007 12/1/2017 Vance, Alabama (3)                       Industrial Building — 459 12,224 36 469 12,250 12,719 811 11,908 2018 3/9/2018 Columbus, Ohio                       Industrial Building 4,634 681 6,401 — 681 6,401 7,082 424 6,658 1990 9/20/2018 Detroit, Michigan                       Industrial Building 6,660 1,458 10,092 10 1,468 10,092 11,560 428 11,132 1997 10/30/2018 Detroit, Michigan (3)                       Industrial Building — 662 6,681 10 672 6,681 7,353 288 7,065 2002/2016 10/30/2018 Lake Mary, Florida                       Office Building 10,502 3,018 11,756 2 3,020 11,756 14,776 514 14,262 1997/2018 12/27/2018 Moorestown, New Jersey (3)                       Industrial Building — 471 1,825 — 471 1,825 2,296 101 2,195 1991 2/8/2019 Indianapolis, Indiana (3)                       Industrial Building — 255 2,809 — 255 2,809 3,064 92 2,972 1989/2019 2/28/2019 Ocala, Florida (3)                       Industrial Building — 1,286 8,535 — 1,286 8,535 9,821 214 9,607 2001 4/5/2019 Ocala, Florida (3)                       Industrial Building — 725 4,814 — 725 4,814 5,539 121 5,418 1965/2007 4/5/2019 Delaware, Ohio (3)                       Industrial Building — 316 2,355 — 316 2,355 2,671 66 2,605 2005 4/30/2019 Tifton, Georgia                       Industrial Building 8,753 — 15,190 — — 15,190 15,190 274 14,916 1995/2003 6/18/2019 Denton, Texas (3)                       Industrial Building — 1,497 4,151 — 1,496 4,152 5,648 78 5,570 2012 7/30/2019 Temple, Texas (3)                       Industrial Building — 200 4,335 65 200 4,400 4,600 47 4,553 1973/2006 9/26/2019 Temple, Texas (3)                       Industrial Building — 296 6,425 98 296 6,523 6,819 70 6,749 1978/2006 9/26/2019 Indianapolis, Indiana (3)                       Industrial Building — 1,158 5,162 — 1,158 5,162 6,320 41 6,279 1967/1998 11/14/2019 Jackson, Tennessee                       Industrial Building 4,770 311 7,199 — 311 7,199 7,510 10 7,500 2019 12/16/2019 Carrollton, Georgia                       Industrial Building 4,240 291 6,720 — 292 6,719 7,011 9 7,002 2015/2019 12/17/2019 New Orleans, Louisiana                       Industrial Building 3,800 2,168 4,667 — 2,168 4,667 6,835 10 6,825 1975 12/17/2019 San Antonio, Texas                       Industrial Building 3,900 775 6,877 — 775 6,877 7,652 10 7,642 1985 12/17/2019 Port Allen, Louisiana                       Industrial Building 2,890 292 3,411 — 293 3,410 3,703 6 3,697 1983/2005 12/17/2019 Albuquerque, New Mexico                       Industrial Building 1,870 673 2,291 — 674 2,290 2,964 4 2,960 1998/2017 12/17/2019 Tucson, Arizona                           Initial Cost   Total Cost         Location of Property Encumbrances Land Buildings & Improvements Improvement Costs Capitalized Subsequent to Acquisition Land Buildings & Improvements Total  (1) Accumulated Depreciation (2) Net Real Estate (4) Year Construction/ Improvements Date Acquired Industrial Building 3,500 819 4,636 — 819 4,636 5,455 7 5,448 1987/1995/2005 12/17/2019 Albuquerque, New Mexico                       Industrial Building 3,540 818 5,219 — 819 5,218 6,037 8 6,029 2000/2018 12/17/2019   $ 457,922 $ 138,037 $ 859,268 $ 67,084 $ 138,042 $ 926,347 $ 1,064,389 $ 210,944 $ 853,445     (1) The aggregate cost for land and building improvements for federal income tax purposes is the same as the total gross cost of land, building improvements and acquisition costs capitalized for asset acquisitions under ASC 360, which is $1,064.4 million. (2) Depreciable life of all buildings is the shorter of the useful life of the asset or 39 years. Depreciable life of all improvements is the shorter of the useful life of the assets or the life of the respective leases on each building, which range from 5-20 years. (3) These properties are in our unencumbered pool of assets on our Credit Facility. (4) The net real estate figure includes real estate held for sale as of December 31, 2019 of $4.0 million. The following table reconciles the change in the balance of real estate during the years ended December 31, 2019, 2018 and 2017, respectively (in thousands):       2019   2018   2017   Balance at beginning of period   $ 949,822   $ 906,850   $ 833,203   Additions:               Acquisitions during period   108,972   53,432   100,103   Improvements   10,580   4,824   10,473   Deductions:               Dispositions during period   (3,172 )   (15,284 )   (30,094 )   Impairments during period   (1,813 )   —   (6,835 ) Balance at end of period   $ 1,064,389 (1) $ 949,822 (2) $ 906,850 (3)   (1) The real estate figure includes $7.4 million of real estate held for sale as of December 31, 2019. (2) The real estate figure includes $3.2 million of real estate held for sale as of December 31, 2018. (3) The real estate figure includes $13.0 million of real estate held for sale as of December 31, 2017. The following table reconciles the change in the balance of accumulated depreciation during the years ended December 31, 2019, 2018 and 2017, respectively (in thousands):       2019   2018   2017   Balance at beginning of period   $ 178,475   $ 153,387   $ 134,329   Additions during period   32,838   29,915   26,927   Dispositions during period   (369 )   (4,827 )   (7,869 )   Balance at end of period   $ 210,944 (1) $ 178,475 (2) $ 153,387 (3)   (1) The accumulated depreciation figure includes $3.4 million of real estate held for sale as of December 31, 2019. (2) The accumulated depreciation figure includes $0.2 million of real estate held for sale as of December 31, 2018. (3) The accumulated depreciation figure includes $4.0 million real estate held for sale as of December 31, 2017.