American Realty Capital Global Trust Acquires Wickes Warehouse in United Kingdom for $6.1M
May 07, 2013 at 12:21 PM EDT
American Realty Capital Global Trust, Inc. ("ARC Global") announced today that on May 3, 2013 it acquired a Wickes Building Supplies retail warehouse in the U.K. The property was purchased for a base purchase price of $6.1 million, representing a capitalization rate of 8.5% (calculated by dividing annualized rental income on a straight-line basis by