Gladstone Commercial Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2014

Future Minimum Rental Payments Due under Terms of Leases

We are obligated as lessee under three ground leases. Future minimum rental payments due under the terms of these leases for the remainder of 2014 and each of the five succeeding years and thereafter, are as follows (dollars in thousands):


			For the year ended December 31,
Location	Lease End Date		2014		2015		2016		2017		2018		2019		Thereafter
Tulsa, OK		Apr-21	$	38	$	153	$	153	$	153	$	153	$	153	$	229
Dartmouth, MA		May-36		44		174		174		174		174		174		3,300
Springfield, MA		Feb-30		21		86		86		89		90		90		972

			$	103	$	413	$	413	$	416	$	417	$	417	$	4,501

Tenant Improvements [Member]

Future Tenant Improvement Payments Due on Properties

The following table reflects unconditional purchase obligations which have not been recognized on the balance sheet as of September 30, 2014. Future tenant improvement payments due on these properties for the remainder of 2014 and each of the five succeeding years and thereafter, are as follows (dollars in thousands):


			For the year ended December 31,
Location	Lease End Date		2014		2015		2016		2017		2018		2019		Thereafter
Burnsville, MN		Jan-23	$	53	$	1,000	$	—	$	—	$	—	$	—	$	—

			$	53	$	1,000	$	—	$	—	$	—	$	—	$	—