Subsequent Events	6 Months Ended
Jun. 30, 2012
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company has evaluated subsequent events through the filing of this Quarterly Report on Form 10-Q, and determined that there have been no events that have occurred that would require adjustments to our disclosures in the consolidated financial statements except for the transactions described below. Disposition of a Held for Sale Property On July 3, 2012, the Company closed on the sale of a vacant property in Havertown, PA, which was previously classified as held for sale. The net proceeds from this sale was approximately $0.6 million. No gain or loss was recognized upon the sale of this property as the carrying value of the property equaled the selling price. Exercise of Underwriters' Option to Purchase Common Stock On July 9, 2012, the Company issued 487,500 shares of common stock at a price of $10.00 per share (before underwriting discounts and commissions) pursuant to the exercise by the underwriters of an over-allotment option granted to them in connection with a follow-on offering. The net proceeds to the Company from the exercise of such over-allotment option were approximately $4.6 million, after deducting underwriting discounts and commissions. Completion of Acquisition of Asset On July 11, 2012, the Company acquired a fee-simple interest in a Mrs. Baird's distribution facility in Dallas, Texas for a purchase price of $6.2 million. The property has 75,050 of rentable square feet. The acquisition was made in the normal course of business and was not individually significant to the total portfolio. Issuance of Series B Convertible Preferred Stock On July 24, 2012, the Company entered into a securities purchase agreement with an unaffiliated third party that is an “accredited investor” (as defined in Rule 501 of Regulation D as promulgated under the Securities Act of 1933, as amended) pursuant to which the Company sold 238,010 shares of the Company's Series B Convertible Preferred Stock for proceeds of approximately $3.0 million. After deducting for fees and expenses, the aggregate net proceeds to the Company from the sale of the Series B Convertible Preferred Stock were approximately $2.9 million. Commencing on July 24, 2012, the Company has been paying cumulative dividends on the Series B Convertible Preferred Stock at a rate per annum equal to 7.0% (or $0.742) of the $10.60 liquidation preference, payable monthly in arrears. The Series B Convertible Preferred Stock is convertible into the Company's common stock, at the option of the holder of the Series B Preferred Convertible Stock, at a conversion price equal to $10.60 per share, beginning one year after the date of issuance. The Company, at its option, may redeem the Series B Convertible Preferred Stock, in whole or in part, at a redemption price of $10.60 per share, plus accrued and unpaid dividends, and a redemption premium equal to one percent (1%). The Series B Convertible Preferred Stock ranks senior to the Company's common stock and on parity with the Company's Series A Convertible Stock, and junior to any other preferred stock the Company may issue other than additional series of the Series A Convertible Preferred Stock or Series B Convertible Preferred Stock.

Subsequent Events

The Company has evaluated subsequent events through the filing of this Quarterly Report on Form 10-Q, and determined that there have been no events that have occurred that would require adjustments to our disclosures in the consolidated financial statements except for the transactions described below.

Disposition of a Held for Sale Property

On July 3, 2012, the Company closed on the sale of a vacant property in Havertown, PA, which was previously classified as held for sale. The net proceeds from this sale was approximately $0.6 million. No gain or loss was recognized upon the sale of this property as the carrying value of the property equaled the selling price.

Exercise of Underwriters' Option to Purchase Common Stock

On July 9, 2012, the Company issued 487,500 shares of common stock at a price of $10.00 per share (before underwriting discounts and commissions) pursuant to the exercise by the underwriters of an over-allotment option granted to them in connection with a follow-on offering. The net proceeds to the Company from the exercise of such over-allotment option were approximately $4.6 million, after deducting underwriting discounts and commissions.

Completion of Acquisition of Asset

On July 11, 2012, the Company acquired a fee-simple interest in a Mrs. Baird's distribution facility in Dallas, Texas for a purchase price of $6.2 million. The property has 75,050 of rentable square feet. The acquisition was made in the normal course of business and was not individually significant to the total portfolio.

Issuance of Series B Convertible Preferred Stock

On July 24, 2012, the Company entered into a securities purchase agreement with an unaffiliated third party that is an “accredited investor” (as defined in Rule 501 of Regulation D as promulgated under the Securities Act of 1933, as amended) pursuant to which the Company sold 238,010 shares of the Company's Series B Convertible Preferred Stock for proceeds of approximately $3.0 million. After deducting for fees and expenses, the aggregate net proceeds to the Company from the sale of the Series B Convertible Preferred Stock were approximately $2.9 million.

Commencing on July 24, 2012, the Company has been paying cumulative dividends on the Series B Convertible Preferred Stock at a rate per annum equal to 7.0% (or $0.742) of the $10.60 liquidation preference, payable monthly in arrears.

The Series B Convertible Preferred Stock is convertible into the Company's common stock, at the option of the holder of the Series B Preferred Convertible Stock, at a conversion price equal to $10.60 per share, beginning one year after the date of issuance. The Company, at its option, may redeem the Series B Convertible Preferred Stock, in whole or in part, at a redemption price of $10.60 per share, plus accrued and unpaid dividends, and a redemption premium equal to one percent (1%).

The Series B Convertible Preferred Stock ranks senior to the Company's common stock and on parity with the Company's Series A Convertible Stock, and junior to any other preferred stock the Company may issue other than additional series of the Series A Convertible Preferred Stock or Series B Convertible Preferred Stock.