Industrial Property Trust 10-K 7 Mar 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Feb. 28, 2014	Jun. 30, 2013
Document And Entity Information [Abstract]	'	'	'
Document Type	'10-K	'	'
Amendment Flag	'false	'	'
Document Period End Date	31-Dec-13	'	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'
Entity Registrant Name	'INDUSTRIAL PROPERTY TRUST INC.	'	'
Entity Central Index Key	'0001558441	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Filer Category	'Non-accelerated Filer	'	'
Entity Common Stock, Shares Outstanding	'	941,552	'
Entity Public Float	'	'	$0

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
ASSETS	'	'
Cash and cash equivalents	$2,870,973	$201,000
Prepaid expenses	230,802	'
Deferred acquisition costs	212,909	'
Due from affiliates	287,337	'
Due from transfer agent	450,000	'
Total assets	4,052,021	201,000
Liabilities	'	'
Accounts payable and accrued expenses	390,604	'
Due to affiliates	74,961	'
Distributions payable	32,494	'
Total liabilities	498,059	'
Commitments and contingencies (Note 7)	'	'
Stockholders' equity:	'	'
Preferred stock, $0.01 par value-200,000,000 shares authorized, none issued and outstanding	'	'
Common stock, $0.01 par value-1,500,000,000 shares authorized, 419,938 and 20,000 shares issued and outstanding, respectively	4,199	200
Additional paid-in capital	3,815,242	199,800
Accumulated deficit	-266,479	'
Total stockholders' equity	3,552,962	200,000
Noncontrolling interests	1,000	1,000
Total equity	3,553,962	201,000
Total liabilities and equity	$4,052,021	$201,000

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Statement Of Financial Position [Abstract]	'	'
Preferred stock, par value	$0.01	$0.01
Preferred stock, share authorized	200,000,000	200,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$0.01	$0.01
Common stock, share authorized	1,500,000,000	1,500,000,000
Common stock, share issued	419,938	20,000
Common stock, share outstanding	419,938	20,000

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	4 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2013
Revenues:	'	'
Rental revenues	'	'
Total revenues	'	'
Operating expenses:	'	'
General and administrative expenses	'	391,362
Organization expenses, related party	'	75,748
Acquisition-related expenses	'	63,050
Total operating expenses	'	530,160
Other income and expenses:	'	'
Interest income	'	-26
Interest expense	'	2,509
Total other income and expenses	'	2,483
Net expenses before expense support from Advisor	'	532,643
Expense support from Advisor	'	-306,025
Net expenses after expense support from Advisor	'	226,618
Net loss	'	-226,618
Net loss attributable to noncontrolling interests	0	0
Net loss attributable to common stockholders	'	($226,618)
Weighted-average shares outstanding	20,000	90,839
Net loss per common share-basic and diluted	'	($2.49)

CONSOLIDATED_STATEMENTS_OF_EQU

CONSOLIDATED STATEMENTS OF EQUITY (USD $)	Total	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit[Member]	Noncontrolling Interests [Member]
Beginning balance at Inception at Aug. 27, 2012	'	'	'	'	'
Beginning balance at Inception, shares at Aug. 27, 2012	'	'	'	'	'
Issuance of common stock to affiliate	200,000	200	199,800	'	'
Issuance of common stock to affiliate, shares	'	20,000	'	'	'
Issuance of Special Units	1,000	'	'	'	1,000
Ending balance at Dec. 31, 2012	201,000	200	199,800	'	1,000
Ending balance, shares at Dec. 31, 2012	20,000	20,000	'	'	'
Net loss	-226,618	'	'	-226,618	'
Issuance of common stock	3,787,378	3,999	3,783,379	'	'
Issuance of common stock, shares	'	399,938	'	'	'
Offering costs	-167,937	'	-167,937	'	'
Distributions to stockholders	-39,861	'	'	-39,861	'
Ending balance at Dec. 31, 2013	$3,553,962	$4,199	$3,815,242	($266,479)	$1,000
Ending balance, shares at Dec. 31, 2013	419,938	419,938	'	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	4 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2013
Operating activities:	'	'
Net loss	'	($226,618)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Expense support from Advisor	'	-306,025
Changes in operating assets and liabilities	'	'
Prepaid expenses	'	-52,643
Accounts payable and accrued expenses	'	196,079
Due from affiliates, exclusive of offering costs for issuance of common stock	'	50,899
Net cash used in operating activities	'	-338,308
Investing activities:	'	'
Acquisition deposits	'	-196,543
Net cash used in investing activities	'	-196,543
Financing activities:	'	'
Proceeds from issuance of common stock	200,000	3,337,378
Offering costs for issuance of common stock	'	-125,187
Proceeds from issuance of Special Units	1,000	'
Distributions paid to common stockholders	'	-7,367
Net cash provided by financing activities	201,000	3,204,824
Net increase in cash and cash equivalents	201,000	2,669,973
Cash and cash equivalents, at beginning of period	'	201,000
Cash and cash equivalents, at end of period	201,000	2,870,973
Supplemental disclosure of cash flow information:	'	'
Interest paid	'	1,821
Offering proceeds due from transfer agent	'	450,000
Financing of directors' and officers' insurance	'	178,159
Distributions payable	'	$32,494

ORGANIZATION

ORGANIZATION	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
ORGANIZATION	'
	1. ORGANIZATION
	Industrial Property Trust Inc. (the “Company”) is a newly organized Maryland corporation formed on August 28, 2012. Unless the context otherwise requires, the “Company” refers to Industrial Property Trust Inc. and its consolidated subsidiaries.
	The Company was formed to make equity and debt investments in income-producing real estate assets consisting primarily of high-quality distribution warehouses and other industrial properties that are leased to creditworthy corporate customers. Creditworthiness does not necessarily mean that the Company’s customers will be investment grade and much of the Company’s customer base is expected to be comprised of non-rated and non-investment grade customers. Although the Company intends to focus investment activities primarily on distribution warehouses and other industrial properties, the charter and bylaws do not preclude it from investing in other types of commercial property, real estate debt, or real estate related equity securities. See “Note 9” for detail regarding acquisition completed subsequent to December 31, 2013.
	The Company intends to operate in a manner that will allow it to qualify as a real estate investment trust (“REIT”) for federal income tax purposes commencing with its taxable year ended December 31, 2013. The Company utilizes an Umbrella Partnership Real Estate Investment Trust (“UPREIT”) organizational structure to hold all or substantially all of its properties and securities through an operating partnership, Industrial Property Operating Partnership LP (the “Operating Partnership”).
	In September 2012, the Company sold 20,000 shares of common stock to Industrial Property Advisors LLC (the “Advisor”) at a price of $10.00 per share. The Company subsequently contributed $2,000 to IPT-GP Inc. (“IPT-GP”), which was a wholly-owned subsidiary of the Company and was the sole general partner of the Operating Partnership until March 2013, when IPT-GP was dissolved as described below.
	In September 2012, the Operating Partnership issued 19,800 Operating Partnership Units (“OP Units”) to the Company in exchange for $198,000, representing an approximate 99% limited partner interest. In addition, IPT-GP contributed $2,000 to the Operating Partnership in exchange for 200 OP Units, representing an approximate 1% general partner interest. In March 2013, IPT-GP was dissolved and its 200 OP Units, representing the sole general partner interest in the Operating Partnership, were distributed to the Company as the sole stockholder of IPT-GP. As a result, the Company owns 20,000 OP Units and is the general partner and a limited partner of the Operating Partnership. The rights of the holders of OP Units are limited and do not include the ability to replace the general partner or to approve the sale, purchase or refinancing of the Operating Partnership’s assets. Additionally, the Operating Partnership issued 100 partnership units (“Special Units”) to Industrial Property Advisors Group LLC, the parent of the Advisor, in exchange for $1,000. See “Note 6” for additional information regarding the issuance of Special Units.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation
	The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). In the opinion of management, the accompanying consolidated financial statements contain all adjustments and eliminations, consisting only of normal recurring adjustments necessary for a fair presentation in conformity with GAAP.
	Basis of Consolidation
	The consolidated financial statements include the accounts of Industrial Property Trust Inc., the Operating Partnership, and its wholly-owned subsidiaries, as well as amounts related to noncontrolling interests. See “Noncontrolling Interests” below for further detail concerning the accounting policies regarding noncontrolling interests. All material intercompany accounts and transactions have been eliminated.
	Use of Estimates
	GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual results could differ from these estimates. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the period they are determined to be necessary.
	Investment in Real Estate Properties
	Upon acquisition, the purchase price of a property will be allocated to land, building, building and land improvements, and intangible lease assets and liabilities. The purchase price allocation will be based on management’s estimate of the property’s “as-if” vacant fair value. The “as-if” vacant fair value will be calculated by using all available information such as the replacement cost of such asset, appraisals, property condition reports, market data and other related information.
	The allocation of the purchase price to intangible lease assets represents the value associated with the in-place leases, which may include lost rent, leasing commissions, tenant improvements, legal and other related costs. The allocation of the purchase price to above-market lease assets and below-market lease liabilities results from in-place leases being above or below management’s estimate of fair market rental rates at the acquisition date and are measured over a period equal to the remaining term of the lease for above-market leases and the remaining term of the lease, plus the term of any below-market fixed-rate renewal option periods, if applicable, for below-market leases. Intangible lease assets, above-market lease assets, and below-market lease liabilities are collectively referred to as “intangible lease assets and liabilities.”
	If any debt is assumed in an acquisition, the difference between the fair value and the face value of debt will be recorded as a premium or discount and amortized to interest expense over the life of the debt assumed. Costs associated with the acquisition of a property, including acquisition fees paid to the Advisor will be expensed as incurred.
	The results of operations for acquired properties will be included in the consolidated statements of operations from their respective acquisition dates. Intangible lease assets will be amortized to real-estate related depreciation and amortization over the remaining lease term. Above-market lease assets will be amortized as a reduction in rental revenue over the remaining lease term and below-market lease liabilities will be amortized as an increase in rental revenue over the remaining lease term, plus any applicable fixed-rate renewal option periods. The Company will expense any unamortized intangible lease asset or records an adjustment to rental revenue for any unamortized above-market lease asset or below-market lease liability when a customer terminates a lease before the stated lease expiration date.
	Real estate assets, including land, building, building and land improvements, tenant improvements, lease commissions, and intangible lease assets and liabilities will be stated at historical cost less accumulated depreciation and amortization. Costs associated with the development and improvement of the Company’s real estate assets will be capitalized as incurred. Costs incurred in making repairs and maintaining real estate assets will be expensed as incurred. Real estate-related depreciation and amortization will be computed on a straight-line basis over the estimated useful lives as described in the following table:
	Land	Not depreciated
	Building	20 to 40 years
	Building and land improvements	5 to 20 years
	Tenant improvements	Lesser of useful life or lease term
	Lease commissions	Over lease term
	Intangible lease assets	Over lease term
	Above-market lease assets	Over lease term
	Below-market lease liabilities	Over lease term, including below-market fixed-rate renewal options
	Real estate assets that are determined to be held and used will be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable, and the Company will evaluate the recoverability of such real estate assets based on estimated future cash flows and the estimated liquidation value of such real estate assets, and provide for impairment if such undiscounted cash flows are insufficient to recover the carrying amount of the real estate asset. If impaired, the real estate asset will be written down to its estimated fair value.
	Cash and Cash Equivalents
	Cash and cash equivalents consist of cash on hand and highly liquid investments with original maturities at the acquisition date of three months or less.
	Accounts Payable and Accrued Expenses
	Accounts payable and accrued expenses primarily consist of accrued costs related to directors’ and officers’ insurance, and accrued accounting and legal fees.
	Noncontrolling Interests
	Due to the Company’s control of the Operating Partnership through its sole general partner interest and its limited partner interest, the Company consolidates the Operating Partnership. The limited partner interests not owned by the Company are presented as noncontrolling interests in the consolidated financial statements. The noncontrolling interests are reported on the consolidated balance sheets within permanent equity, separate from stockholders’ equity. As the limited partner interests do not participate in the profits and losses of the Operating Partnership, there is no net income or loss attributable to the noncontrolling interests on the consolidated statements of operations.
	Revenue Recognition
	The Company will record rental revenue on a straight-line basis over the full lease term. Certain properties may have leases that offer the tenant a period of time where no rent is due or where rent payments change during the term of the lease. Accordingly, the Company will record receivables from tenants for rent that the Company expects to collect over the remaining lease term rather than currently, which will be recorded as a straight-line rent receivable. When the Company acquires a property, the term of existing leases will be considered to commence as of the acquisition date for purposes of this calculation.
	Tenant reimbursement revenue will include payments and amounts due from tenants pursuant to their leases for real estate taxes, insurance and other recoverable property operating expenses and is recognized as rental revenue in the period the applicable expenses are incurred.
	In connection with property acquisitions, the Company may acquire leases with rental rates above or below estimated market rental rates. Above-market lease assets will be amortized as a reduction to rental revenue over the remaining lease term, and below-market lease liabilities will be amortized as an increase to rental revenue over the remaining lease term, plus any applicable fixed-rate renewal option periods.
	The Company will expense any unamortized intangible lease asset or records an adjustment to rental revenue for any unamortized above-market lease asset or below-market lease liability by reassessing the estimated remaining useful life of such intangible lease asset or liability when it becomes probable a customer will terminate a lease before the stated lease expiration date.
	Organization and Offering Expenses
	Organization and offering expenses are accrued by the Company only to the extent that the Company is successful in raising gross offering proceeds. If the Company is not successful in raising additional equity proceeds, no additional amounts will be payable by the Company to the Advisor for reimbursement of cumulative organization and offering expenses. Organization costs are expensed in the period they become reimbursable and offering expenses associated with the Company’s public offerings are recorded as a reduction of gross offering proceeds in additional paid-in capital. See “Note 5” for additional information regarding when organization and offering expenses become reimbursable.
	Income Taxes
	The Company intends to qualify as a REIT under the Internal Revenue Code of 1986, as amended, beginning with its taxable year ended December 31, 2013. As a REIT, the Company generally will not be subject to federal income taxes on net income that it distributes to stockholders. The Company intends to make timely distributions sufficient to satisfy the annual distribution requirements. If the Company fails to qualify as a REIT in any taxable year, the Company will be subject to federal income tax on its taxable income at regular corporate tax rates. Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain state and local taxes on its income and property and federal income and excise taxes on its undistributed income.
	Net Loss Per Common Share
	The Company computes net loss per common share by dividing net loss by the weighted-average number of common shares outstanding during the period. There were no dilutive shares for the year ended December 31, 2013 and for the period from Inception (August 28, 2012) to December 31, 2012.
	Concentration of Credit Risk
	Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents. At times, balances with any one financial institution may exceed the Federal Deposit Insurance Corporation (“FDIC”) insurance limits. The Company believes it mitigates this risk by investing its cash with high-credit quality financial institutions.
	Recent Accounting Standards
	Recently Adopted Accounting Standards. In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” (“ASU 2013-02”), which requires companies to report, either on their statement of comprehensive income or in a footnote to their financial statements, the effects from items that are reclassified out of other comprehensive income. ASU 2013-02 was effective for the Company in the first quarter of 2013. The adoption of this guidance did not have a material effect on the Company’s consolidated financial statements.
	Recently Issued Accounting Standards. In February 2013, the FASB issued ASU No. 2013-04, “Obligations Resulting from Joint and Several Liability Arrangements for which the Total Amount of the Obligation Is Fixed at the Reporting Date” (“ASU 2013-04”), which provides guidance for the recognition, measurement and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date. ASU 2013-04 requires an entity to measure those obligations as the sum of the amount the entity agreed to pay on the basis of its arrangement among its co-obligors, as well as any additional amount the entity expects to pay on behalf of its co-obligors. ASU 2013-04 also requires an entity to disclose the nature and amount of those obligations. ASU 2013-04 is to be applied retrospectively and is effective for the Company beginning January 1, 2014, with early adoption permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2013

Equity [Abstract]

'

STOCKHOLDERS' EQUITY

'

3. STOCKHOLDERS’ EQUITY

Initial Public Offering

On September 27, 2012, the Company filed a registration statement with the SEC on Form S-11 in connection with the initial public offering of up to $2,000,000,000 in shares of the Company’s common stock (the “Offering”). The registration statement was subsequently declared effective on July 24, 2013. Pursuant to the registration statement for the Offering, the Company is offering for sale up to $1,500,000,000 in shares of common stock at a price of $10.00 per share, and up to $500,000,000 in shares under the Company’s distribution reinvestment plan at a price of $9.50 per share. The Company has the right to reallocate the shares of common stock offered between the Company’s primary offering and the Company’s distribution reinvestment plan. Dividend Capital Securities LLC (the “Dealer Manager”) provides dealer manager services in connection with the Offering. The Offering is a best efforts offering, which means that the Dealer Manager is not required to sell any specific number or dollar amount of shares of common stock in the Offering, but will use its best efforts to sell the shares of common stock. The Offering is a continuous offering that will end no later than two years after the effective date of the Offering, or July 24, 2015, unless extended for up to an additional one and a half year period by the Company’s board of directors, subject to applicable regulatory requirements.

As of September 6, 2013, the Company received an aggregate $2,000,000 in connection with the subscription for shares of the Company’s common stock from certain of the Company’s officers and officers of the Advisor and its affiliates, directly or indirectly. As a result, the Company received sufficient proceeds to satisfy the minimum offering requirements for the Offering with respect to all states other than the states of Ohio and Pennsylvania. Subscriptions from Ohio residents will not be released from escrow until subscriptions for shares totaling at least $7,000,000 have been received from all sources. In addition, the Company will not accept subscriptions from Pennsylvania residents until the Company has received at least $50,000,000 in aggregate gross proceeds from investors in the Offering who are not Pennsylvania residents. Accordingly, the offering proceeds received from stockholders (other than proceeds received from residents of the state of Ohio) were released from escrow on September 6, 2013 and the Company has commenced operations.

As of December 31, 2013, the Company had raised gross proceeds of $3,987,378 from the sale of 419,938 shares of the Company’s common stock in the Offering.

Dividends

The Company intends to accrue and make cash distributions on a quarterly basis. In addition to the cash distributions, the Company’s board of directors has authorized special daily stock dividends to all common stockholders of record as of the close of business on each day for the first, second and third quarters of 2014 in an amount equal to 0.000047945 of a share of common stock on each outstanding share of common stock (which is equal to a quarterly distribution rate of $0.04375 based on the $10.00 per share offering price). Quarterly cash distributions and stock dividends for each stockholder will be calculated for each day the stockholder has been a stockholder of record during such quarter. Cash distributions for stockholders participating in the Company’s distribution reinvestment plan will be reinvested into shares of the Company’s common stock.

The following table outlines the cash distributions for the periods indicated below:

Amount

Payment Date

Declared per

Paid

Reinvested in

Total

Common Share

in Cash

Shares

Distributions

31-Dec-13

15-Jan-14

$

0.1125

$

29,208

$

3,286

$

32,494

September 30, 2013 (1)

20-Dec-13

0.1125

7,367

—

7,367

Total

$

36,575

$

3,286

$

39,861

-1

Cash distributions were authorized to all common stockholders of record as of the close of business on each day commencing on the date that the Company met the minimum offering requirements in connection with the Offering and ending on the last day of the quarter in which the minimum offering requirements were met (the “Initial Quarter”). Accordingly, the Initial Quarter commenced on September 6, 2013 and ended on September 30, 2013.

Redemptions

Subject to certain restrictions and limitations, a stockholder may redeem shares of the Company’s common stock for cash at a price that may reflect a discount from the purchase price paid for the shares of common stock being redeemed. Shares of common stock must be held for a minimum of one year, subject to certain exceptions. The Company is not obligated to redeem shares of its common stock under the share redemption program. The Company presently intends to limit the number of shares to be redeemed during any consecutive 12-month period to no more than five percent of the number of shares of common stock outstanding at the beginning of such 12-month period. The Company also intends to limit redemptions in accordance with a quarterly cap. The discount from the purchase price paid for the redeemed shares will vary based upon the length of time that the shares of common stock have been held, as follows:

Share Purchase Anniversary

Redemption Price as a

Percentage of the

Purchase Price

Less than one year

No redemption allowed

One year

92.5

%

Two years

95

%

Three years

97.5

%

Four years and longer

100

%

As of December 31, 2013, the Company had not received any eligible redemption requests nor redeemed any shares of its common stock.

INCOME_TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
INCOME TAXES	'
	4. INCOME TAXES
	The Company has concluded that there was no impact related to uncertain tax positions from the results of operations of the Company for the year ended December 31, 2013 and for the period from Inception (August 28, 2012) to December 31, 2012. The U.S. is the major tax jurisdiction for the Company and the earliest tax year subject to examination is 2012.
	Distributions
	Distributions to stockholders are characterized for federal income tax purposes as: (i) ordinary income; (ii) non-taxable return of capital; or (iii) long-term capital gain. Distributions that exceed the Company’s current and accumulated tax earnings and profits constitute a return of capital and reduce the stockholders’ basis in the common shares. To the extent that a distribution exceeds both current and accumulated earnings and profits and the stockholders’ basis in the common shares, the distributions will generally be treated as a gain from the sale or exchange of such stockholders’ common shares. At the beginning of each year, the Company notifies its stockholders of the taxability of the distributions paid during the preceding year. The following table summarizes the information reported to investors regarding the taxability of distributions on common shares for the year ended December 31, 2013.
	The unaudited preliminary taxability of the Company’s 2013 distributions was:
		For the Year Ended
		December 31, 2013
		(unaudited)
	Per common share:
	Ordinary income	$	—
	Non-taxable return of capital		0.225
	Long-term capital gain		—
	Total distribution	$	0.225

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
RELATED PARTY TRANSACTIONS	'
	5. RELATED PARTY TRANSACTIONS
	The Company relies on the Advisor, a related party, to manage the Company’s day-to-day operating and acquisition activities and to implement the Company’s investment strategy pursuant to the terms of an advisory agreement (the “Advisory Agreement”), dated July 16, 2013, by and among the Company, the Operating Partnership, and the Advisor, as amended. The Advisor is considered to be a related party of the Company because certain indirect owners and officers of the Advisor serve as directors and/or executive officers of the Company. The Dealer Manager, also a related party, provides dealer manager services. Dividend Capital Property Management LLC (the “Property Manager”) may perform certain property management services on behalf of the Company and the Operating Partnership. The Advisor, Dealer Manager and Property Manager are affiliated parties that may receive compensation in the form of fees and expense reimbursements for services relating to the Offering and for the investment and management of the Company’s assets. The following summarizes the fees and expense reimbursements:
	Sales Commissions. Sales commissions are payable to the Dealer Manager, all of which may be reallowed to participating unaffiliated broker dealers, and are equal to up to 7.0% of the gross proceeds from the Offering.
	Dealer Manager Fees. Dealer manager fees are payable to the Dealer Manager and are equal to up to 2.5% of the gross proceeds from the Offering.
	Acquisition Fees. For each real property acquired in the operational stage, the acquisition fee will be an amount equal to up to 2.0% of the total purchase price of the property (or the Company’s proportional interest therein), until such time as the Company has invested an aggregate amount of $500,000,000 in properties acquired, at which time the acquisition fee will be reduced to 1.0% of the total purchase price of the properties acquired thereafter (or the Company’s proportional interest therein), including in all instances real property held in joint ventures or co-ownership arrangements. In connection with providing services related to the development, construction, improvement, and stabilization, including tenant improvements, of real properties, which the Company refers to collectively as development services, or overseeing the provision of these services by third parties on the Company’s behalf, which the Company refers to as development oversight services, the acquisition fee, which the Company refers to as the development acquisition fee, will be an amount up to 4.0% of the total project cost, including debt, whether borrowed or assumed (or the Company’s proportional interest therein with respect to real properties held in joint ventures or co-ownership arrangements). If the Advisor engages a third party to provide development services directly to the Company, the third party will be compensated directly by the Company and the Advisor will receive the development acquisition fee if the Advisor provides the development oversight services. For acquisitions of interest in real estate-related entities, acquisition fees will be payable to the Advisor of (i) 1.0% of the Company’s proportionate share of the purchase price of the property owned by any real estate-related entity in which the Company acquires a majority economic interest or that the Company consolidates for financial reporting purposes in accordance with GAAP, and (ii) 1.0% of the purchase price in connection with the acquisition of any interest in any other real estate-related entity. In addition, the Advisor is entitled to receive an acquisition fee of 1.0% of the purchase price, including any third-party expenses related to such investment, in connection with the acquisition or origination of any type of debt investment or other investment.
	Asset Management Fees. Asset management fees consist of: (i) a monthly fee of one-twelfth of 0.80% of the aggregate cost (including debt, whether borrowed or assumed, and before non-cash reserves and depreciation) of each real property asset within the Company’s portfolio (or the Company’s proportional interest therein with respect to real property held in joint ventures, co-ownership arrangements or real estate-related entities in which the Company owns a majority economic interest or that the Company consolidates for financial reporting purposes in accordance with GAAP); provided, that the monthly asset management fee with respect to each real property asset located outside the U.S. that the Company owns, directly or indirectly, will be one-twelfth of 1.20% of the aggregate cost (including debt, whether borrowed or assumed, and before non-cash reserves and depreciation) of such real property asset; (ii) a monthly fee of one-twelfth of 0.80% of the aggregate cost or investment (before non-cash reserves and depreciation, as applicable) of any interest in any other real estate related entity or any type of debt investment or other investment; and (iii) with respect to a disposition, a fee equal to 2.0% of the total consideration paid in connection with the disposition, calculated in accordance with the terms of the Advisory Agreement by and among the Company, the Advisor and the Operating Partnership. The term “disposition” includes: (i) a sale of one or more assets; (ii) a sale of one or more assets effectuated either directly or indirectly through the sale of any entity owning such assets, including, without limitation, the Company or the Operating Partnership; (iii) a sale, merger, or other transaction in which the stockholders either receive, or have the option to receive, cash, securities redeemable for cash, and/or securities of a publicly traded company; or (iv) a listing of the Company’s common stock on a national securities exchange or the receipt by the Company’s stockholders of securities that are listed on a national securities exchange in exchange for the Company’s common stock.
	Property Management and Leasing Fees. Property management fees may be paid to the Property Manager in an amount equal to a market-based percentage of the annual gross revenues of the applicable property. For each property managed by the Property Manager and owned by the Company, the fee is expected to range from 2.0% to 5.0% of the annual gross revenues. The Company may also pay the Property Manager a separate fee for initially leasing-up its properties, for leasing vacant space in the Company’s real properties and for renewing or extending current leases on the Company’s real properties. Such initial leasing fee will be in an amount that is usual and customary for comparable services rendered to similar assets in the geographic market of the asset (generally expected to range from 2.0% to 8.0% of the projected first year’s annual gross revenues under the lease).
	Organization and Offering Expenses. The Company reimburses the Advisor or its affiliates for cumulative organization expenses and for cumulative expenses of its public offerings up to 2.0% of the aggregate gross offering proceeds from the sale of shares in its public offerings. The Advisor or an affiliate of the Advisor is responsible for the payment of the Company’s cumulative organization expenses and offering expenses to the extent that such cumulative expenses exceed the 2.0% organization and offering expense reimbursement for the Company’s public offerings, without recourse against or reimbursement by the Company. Organization and offering expenses are accrued by the Company only to the extent that the Company is successful in raising gross offering proceeds. If the Company is not successful in raising additional amounts of offering proceeds, no additional amounts will be payable by the Company to the Advisor for reimbursement of cumulative organization and offering expenses. Organizational costs are expensed in the period they become reimbursable and offering costs are recorded as a reduction of gross offering proceeds in additional paid-in capital.
	Other Expense Reimbursements. In addition to the reimbursement of organization and offering expenses, the Company is also obligated, subject to certain limitations, to reimburse the Advisor for certain costs incurred by the Advisor or its affiliates, such as personnel and overhead expenses, in connection with the services provided to the Company under the Advisory Agreement, provided that the Advisor does not receive a specific fee for the activities which generate the expenses to be reimbursed. The Advisor may utilize its officers to provide such services and in certain instances those individuals may include the Company’s principal executive officer and principal financial officer.
	The table below summarizes the fees and expenses incurred by the Company for services provided by the Advisor, the Dealer Manager, and the Property Manager related to the services described above, and any related amounts payable:
			Incurred
			For the Year Ended		For the Period		Payable as of
			31-Dec-13		from Inception		December 31,
					(August 28, 2012) to
					31-Dec-12		2013		2012
	Expensed:
	Organization costs (1)		$	75,748	$	—	$	9,324	$	—
	Other expense reimbursements			41,575		—		41,575		—
	Total		$	117,323	$	—	$	50,899	$	—
	Additional Paid-In Capital:
	Sales commissions		$	123,477	$	—	$	31,500	$	—
	Dealer manager fees			44,460		—		11,250		—
	Offering costs (1)			—		—		—		—
	Total		$	167,937	$	—	$	42,750	$	—
	-1	As of December 31, 2013, the Advisor had incurred $3,349,005 of offering costs and $93,008 of organization costs, all of which were paid directly by the Advisor on behalf of the Company. As of December 31, 2013, the Company had reimbursed the Advisor $75,748 related to organization costs. The Company has elected to reimburse the Advisor for organization costs prior to reimbursing the Advisor for offering costs. The Company reimburses the Advisor or its affiliates for cumulative organization expenses and for cumulative expenses of its public offerings up to 2.0% of the aggregate gross offering proceeds from the sale of shares in its public offerings. The Advisor or an affiliate of the Advisor is responsible for the payment of the Company’s cumulative organization expenses and offering expenses to the extent that such cumulative expenses exceed 2.0% of the gross offering proceeds from the sale of shares in the Company’s public offerings, without recourse against or reimbursement by the Company.
	Expense Support Agreement
	The Company entered into an Expense Support and Conditional Reimbursement Agreement (the “Expense Support Agreement”) with the Operating Partnership and the Advisor. Pursuant to the Expense Support Agreement, effective for each quarter between October 1, 2013 and September 30, 2014, the Advisor has agreed to defer payment of all or a portion of the asset management fee otherwise payable to it pursuant to the Advisory Agreement if Company-defined funds from operations, as disclosed in the Company’s quarterly and annual reports (“CDFFO”), for a particular quarter is less than the aggregate distributions that would have been declared for such quarter assuming daily distributions at the quarterly rate of $0.1125 per share of common stock (“Baseline Distributions”), which is the rate at which the Company has declared distributions for the third and fourth quarters of 2013 and the first quarter of 2014. The amount of the asset management fee that will be deferred for a particular quarter, if any, will equal the lesser of (i) the difference between the CDFFO and Baseline Distributions for such quarter and (ii) the entire asset management fee payable to the Advisor pursuant to the Advisory Agreement for such quarter.
	In addition, during the term of the Expense Support Agreement, the Advisor, in its sole discretion, may elect to fund certain expenses of the Company and the Operating Partnership as expense support payments. If, in any quarter, the Advisor elects to fund an expense support payment equal to the difference between the CDFFO and the Baseline Distributions less any deferred asset management fees for that quarter, then we, the Advisor, and the Operating Partnership shall enter into an agreement for the provision of expense support with respect to such quarter.
	Subject to certain conditions, the Advisor is entitled to reimbursement from the Company for any asset management fees that are deferred and any expense support payments that the Advisor makes pursuant to the Expense Support Agreement; provided, that, the Company will not be obligated to reimburse the Advisor for any amount not reimbursed by the Company to the Advisor within three years after the quarter in which such reimbursable amount originated. For any quarter in which CDFFO exceeds the Baseline Distributions for that quarter, the Expense Support Agreement requires that the Company reimburse the Advisor in an amount equal to the lesser of (i) the difference between the CDFFO and the Baseline Distributions and (ii) the sum of all outstanding reimbursable amounts. The Company’s obligation to reimburse the Advisor will be non-interest bearing.
	During the term of this Agreement, the Company may be able to use cash flow from operations to pay distributions to its stockholders that would otherwise be used to pay asset management fees or expenses. Although the Expense Support Agreement has an effective term through September 30, 2014, the Expense Support Agreement may be terminated prior thereto without cause or penalty by either the Advisor or a majority of the Company’s independent directors, in each case upon 60 days’ written notice to the other party. In addition, the Advisor’s obligations under the Expense Support Agreement will immediately terminate upon the earlier to occur of (i) the termination or non-renewal of the Advisory Agreement, (ii) the delivery by the Company of notice to the Advisor of the Company’s intention to terminate or not renew the Advisory Agreement or (iii) the Company’s completion of a Liquidity Event (as defined in “Note 6” below). When the Expense Support Agreement terminates, the Advisor will not have an obligation to defer fees in order to support the Company’s distributions. Notwithstanding the foregoing, amounts deferred or reimbursed pursuant to the Expense Support Agreement shall survive any termination or expiration and remain subject to the reimbursement terms described above without modification or acceleration.
	The table below provides information regarding expense support payment obligations incurred by the Advisor pursuant to the Expense Support Agreement.
			For the Year Ended
			December 31, 2013
	Asset management fees		$	—
	Other expense support			306,025
	Total expense support from the Advisor		$	306,025
	Expense support to be reimbursed by Advisor (1)		$	306,025
	-1	Amount recorded as due from affiliates on the consolidated balance sheets as of December 31, 2013.
	Transactions with Affiliates
	In September 2012, the Company sold 20,000 shares of common stock to the Advisor at a price of $10.00 per share. The Company subsequently contributed $2,000 to IPT-GP who was the sole general partner of the Operating Partnership. Additionally, the Operating Partnership issued 19,800 OP Units at $10.00 per share to the Company in exchange for $198,000. The Operating Partnership also issued 100 Special Units to the parent of the Advisor for consideration of $1,000. These units are classified as noncontrolling interests. See “Note 6” for additional information.
	In September 2013, certain of the Company’s officers and officers of the Advisor and its affiliates, directly or indirectly, invested an aggregate $2,000,000 in connection with the subscription for shares of the Company’s common stock (no direct selling costs were incurred). As a result, the Company had received sufficient offering proceeds to satisfy the minimum offering requirements in most states. See “Note 3” above for additional information.

NONCONTROLLING_INTERESTS

NONCONTROLLING INTERESTS	12 Months Ended
	Dec. 31, 2013
Noncontrolling Interest [Abstract]	'
NONCONTROLLING INTERESTS	'
	6. NONCONTROLLING INTERESTS
	Special Units
	In September 2012, the Operating Partnership issued 100 Special Units to the parent of the Advisor for consideration of $1,000. The holder of the Special Units does not participate in the profits and losses of the Operating Partnership. Amounts distributable to the holder of the Special Units will depend on operations and the amount of net sales proceeds received from asset dispositions or upon other events. In general, after holders of OP Units, in aggregate, have received cumulative distributions equal to their capital contributions plus a 6.5% cumulative, non-compounded annual pre-tax return on their net contributions, the holder of the Special Units and the holder of OP units will receive 15% and 85%, respectively, of the net sales proceeds received by the Operating Partnership upon the disposition of the Operating Partnership’s assets.
	In addition, the Special Units will be redeemed by the Operating Partnership, upon the earliest to occur of the following events: a “Liquidity Event” (as defined below); or the occurrence of certain events that result in the termination or non-renewal of the Advisory Agreement between the Advisor, the Company, and the Operating Partnership.
	A Liquidity Event is defined as (i) a listing of the Company’s common stock on a national securities exchange (or the receipt by the Company’s stockholders of securities that are listed on a national securities exchange in exchange for the Company’s common stock); (ii) a sale, merger or other transaction in which the Company’s stockholders either receive, or have the option to receive, cash, securities redeemable for cash, and/or securities of a publicly traded company; or (iii) the sale of all or substantially all of the Company’s assets where the Company’s stockholders either receive, or have the option to receive, cash or other consideration.
	The Company has determined that the Special Units are: (i) not redeemable at a fixed or determinable amount on a fixed or determinable date, at the option of the holder, or (ii) redeemable only upon events that are solely within the Company’s control. As a result, the Company classifies the Special Units as noncontrolling interests within permanent equity.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2013
Commitments And Contingencies Disclosure [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	7. COMMITMENTS AND CONTINGENCIES
	The Company and the Operating Partnership are not presently involved in any material litigation nor, to the Company’s knowledge, is any material litigation threatened against the Company.

QUARTERLY_FINANCIAL_DATA_UNAUD

QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]	'
QUARTERLY FINANCIAL DATA (UNAUDITED)	'
	8. QUARTERLY FINANCIAL DATA (UNAUDITED)
	Selected quarterly financial data is as follows:
			For the Quarter Ended
			March 31 (1)		June 30 (1)		September 30 (1)			December 31
	2013
	Total revenues		$	—	$	—	$	—		$	—
	Total operating expenses		$	—	$	—	$	128,581		$	401,579
	Total other income and expenses		$	—	$	—	$	466		$	2,017
	Expense support from the Advisor		$	—	$	—	$	—		$	(306,025	)
	Net loss		$	—	$	—	$	(129,047	)	$	(97,571	)
	Net loss attributable to common stockholders		$	—	$	—	$	(129,047	)	$	(97,571	)
	Net loss per common share—basic and diluted		$	—	$	—	$	(1.61	)	$	(0.34	)
	Weighted-average shares outstanding			20,000		20,000		80,053			286,897
	2012
	Total revenues		$	—	$	—	$	—		$	—
	Total operating expenses		$	—	$	—	$	—		$	—
	Total other income and expenses		$	—	$	—	$	—		$	—
	Net loss		$	—	$	—	$	—		$	—
	Net loss attributable to common stockholders		$	—	$	—	$	—		$	—
	Net loss per common share—basic and diluted		$	—	$	—	$	—		$	—
	Weighted-average shares outstanding			—		—		20,000			20,000
	-1	Financial data for the quarters ended March 31, 2012 and June 30, 2012 is not available as the Company was not formed until August 28, 2012. Financial data for the quarter ended September 30, 2012 reflects the period from Inception (August 28, 2012) to September 30, 2012.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2013
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	9. SUBSEQUENT EVENTS
	Status of Offering
	As of February 26, 2014, the Company had raised sufficient offering proceeds to satisfy the minimum offering requirements for Ohio. Accordingly, the Company is no longer required to have offering proceeds deposited in an escrow account.
	As of February 28, 2014, the Company had raised gross proceeds of $9,178,363 from the sale of 941,552 shares of its common stock in its public offering.
	Completed Acquisitions
	On January 15, 2014, the Company acquired one industrial building totaling approximately 97,000 square feet (the “West Valley Distribution Center”). The West Valley Distribution Center is located in the Seattle / Tacoma market and is 100% leased to four customers with a weighted-average remaining lease term (based on square feet) of 3.8 years. The total purchase price was $7,852,000, exclusive of transfer taxes, due diligence expenses, and other closing costs. The Company funded this acquisition using proceeds from the Offering and borrowings under its line of credit. Pursuant to the terms of the Advisory Agreement, the Company paid an acquisition fee of $157,040 to the Advisor in connection with this acquisition. The allocation of the purchase price for this acquisition has not been completed as of the date of this report and will be based on the Company’s estimate of the fair value determined from all available information. The allocation of the purchase price will be finalized within the measurement period, which will not exceed 12 months from the acquisition date.
	Acquisitions Under Contract
	Oakesdale Commerce Center. On February 10, 2014, the Company entered into a purchase agreement to acquire one industrial building totaling approximately 43,000 square feet (the “Oakesdale Commerce Center”). The Oakesdale Commerce Center is located in the Seattle / Tacoma market and is 100% leased to two customers with a weighted-average remaining lease term (based on square feet) of 1.2 years. The total purchase price is expected to be $4,000,000, exclusive of transfer taxes, due diligence expenses, and other closing costs. In connection with the execution of the purchase agreement, the Company deposited $100,000 into an escrow account. Pursuant to the terms of the Advisory Agreement, the Company expects to pay an acquisition fee to the Advisor equal to 2.0% of the purchase price of the Oakesdale Commerce Center. The Company plans to fund the acquisition using proceeds from the Offering and debt financing. The acquisition of the Oakesdale Commerce Center is expected to close during the first quarter of 2014, but there can be no assurance the acquisition will be completed. The consummation of the acquisition is subject to the Company’s completion of due diligence and various closing conditions to be met by the parties. If the Company does not close on the acquisition, there are circumstances under which it may forfeit its deposit.
	Century Distribution Center. On February 18, 2014, the Company entered into a purchase agreement to acquire a recently completed industrial building totaling approximately 149,500 square feet (the “Century Distribution Center”). The Century Distribution Center is located in Houston, Texas and is 100% leased to one customer with a remaining lease term of 10.1 years. The total purchase price is expected to be $11,500,000, exclusive of transfer taxes, due diligence expenses, and other closing costs. In connection with the execution of the purchase agreement, the Company deposited $750,000 into an escrow account. Pursuant to the terms of the Advisory Agreement, the Company expects to pay an acquisition fee to the Advisor equal to 2.0% of the purchase price of the Century Distribution Center. The Company plans to fund the acquisition using proceeds from the Offering and debt financing. The acquisition of the Century Distribution Center is expected to close during the first quarter of 2014, but there can be no assurance the acquisition will be completed. The consummation of the acquisition is subject to the Company’s completion of due diligence and various closing conditions to be met by the parties. If the Company does not close on the acquisition, there are circumstances under which it may forfeit the deposit it has funded.
	Debt
	On January 13, 2014, the Company entered into a revolving credit agreement, as amended, with an initial aggregate commitment of $100,000,000. The Company has the ability to expand the commitment up to a maximum aggregate amount of $400,000,000, subject to certain conditions and receiving bank commitments. This line of credit matures in January 2017, and may be extended pursuant to two one-year extension options, subject to certain conditions. The primary interest rate is variable and calculated based on one-month LIBOR plus a margin ranging from 1.90% to 2.75%, or an alternative base rate plus a margin of 0.90% to 1.75%. This line of credit is available for general corporate purposes, including but not limited to the acquisition and operation of industrial properties and other permitted investments. As of February 28, 2014, the Company had $4,800,000 outstanding under the line of credit with an interest rate of 2.06%; the unused portion was $95,200,000, of which $34,000 was available.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). In the opinion of management, the accompanying consolidated financial statements contain all adjustments and eliminations, consisting only of normal recurring adjustments necessary for a fair presentation in conformity with GAAP.
Basis of Consolidation	'
	Basis of Consolidation
	The consolidated financial statements include the accounts of Industrial Property Trust Inc., the Operating Partnership, and its wholly-owned subsidiaries, as well as amounts related to noncontrolling interests. See “Noncontrolling Interests” below for further detail concerning the accounting policies regarding noncontrolling interests. All material intercompany accounts and transactions have been eliminated.
Use of Estimates	'
	Use of Estimates
	GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual results could differ from these estimates. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the period they are determined to be necessary.
Investment in Real Estate Properties	'
	Investment in Real Estate Properties
	Upon acquisition, the purchase price of a property will be allocated to land, building, building and land improvements, and intangible lease assets and liabilities. The purchase price allocation will be based on management’s estimate of the property’s “as-if” vacant fair value. The “as-if” vacant fair value will be calculated by using all available information such as the replacement cost of such asset, appraisals, property condition reports, market data and other related information.
	The allocation of the purchase price to intangible lease assets represents the value associated with the in-place leases, which may include lost rent, leasing commissions, tenant improvements, legal and other related costs. The allocation of the purchase price to above-market lease assets and below-market lease liabilities results from in-place leases being above or below management’s estimate of fair market rental rates at the acquisition date and are measured over a period equal to the remaining term of the lease for above-market leases and the remaining term of the lease, plus the term of any below-market fixed-rate renewal option periods, if applicable, for below-market leases. Intangible lease assets, above-market lease assets, and below-market lease liabilities are collectively referred to as “intangible lease assets and liabilities.”
	If any debt is assumed in an acquisition, the difference between the fair value and the face value of debt will be recorded as a premium or discount and amortized to interest expense over the life of the debt assumed. Costs associated with the acquisition of a property, including acquisition fees paid to the Advisor will be expensed as incurred.
	The results of operations for acquired properties will be included in the consolidated statements of operations from their respective acquisition dates. Intangible lease assets will be amortized to real-estate related depreciation and amortization over the remaining lease term. Above-market lease assets will be amortized as a reduction in rental revenue over the remaining lease term and below-market lease liabilities will be amortized as an increase in rental revenue over the remaining lease term, plus any applicable fixed-rate renewal option periods. The Company will expense any unamortized intangible lease asset or records an adjustment to rental revenue for any unamortized above-market lease asset or below-market lease liability when a customer terminates a lease before the stated lease expiration date.
	Real estate assets, including land, building, building and land improvements, tenant improvements, lease commissions, and intangible lease assets and liabilities will be stated at historical cost less accumulated depreciation and amortization. Costs associated with the development and improvement of the Company’s real estate assets will be capitalized as incurred. Costs incurred in making repairs and maintaining real estate assets will be expensed as incurred. Real estate-related depreciation and amortization will be computed on a straight-line basis over the estimated useful lives as described in the following table:
	Land	Not depreciated
	Building	20 to 40 years
	Building and land improvements	5 to 20 years
	Tenant improvements	Lesser of useful life or lease term
	Lease commissions	Over lease term
	Intangible lease assets	Over lease term
	Above-market lease assets	Over lease term
	Below-market lease liabilities	Over lease term, including below-market fixed-rate renewal options
	Real estate assets that are determined to be held and used will be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable, and the Company will evaluate the recoverability of such real estate assets based on estimated future cash flows and the estimated liquidation value of such real estate assets, and provide for impairment if such undiscounted cash flows are insufficient to recover the carrying amount of the real estate asset. If impaired, the real estate asset will be written down to its estimated fair value.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	Cash and cash equivalents consist of cash on hand and highly liquid investments with original maturities at the acquisition date of three months or less.
Accounts Payable and Accrued Expenses	'
	Accounts Payable and Accrued Expenses
	Accounts payable and accrued expenses primarily consist of accrued costs related to directors’ and officers’ insurance, and accrued accounting and legal fees.
Noncontrolling Interests	'
	Noncontrolling Interests
	Due to the Company’s control of the Operating Partnership through its sole general partner interest and its limited partner interest, the Company consolidates the Operating Partnership. The limited partner interests not owned by the Company are presented as noncontrolling interests in the consolidated financial statements. The noncontrolling interests are reported on the consolidated balance sheets within permanent equity, separate from stockholders’ equity. As the limited partner interests do not participate in the profits and losses of the Operating Partnership, there is no net income or loss attributable to the noncontrolling interests on the consolidated statements of operations.
Revenue Recognition	'
	Revenue Recognition
	The Company will record rental revenue on a straight-line basis over the full lease term. Certain properties may have leases that offer the tenant a period of time where no rent is due or where rent payments change during the term of the lease. Accordingly, the Company will record receivables from tenants for rent that the Company expects to collect over the remaining lease term rather than currently, which will be recorded as a straight-line rent receivable. When the Company acquires a property, the term of existing leases will be considered to commence as of the acquisition date for purposes of this calculation.
	Tenant reimbursement revenue will include payments and amounts due from tenants pursuant to their leases for real estate taxes, insurance and other recoverable property operating expenses and is recognized as rental revenue in the period the applicable expenses are incurred.
	In connection with property acquisitions, the Company may acquire leases with rental rates above or below estimated market rental rates. Above-market lease assets will be amortized as a reduction to rental revenue over the remaining lease term, and below-market lease liabilities will be amortized as an increase to rental revenue over the remaining lease term, plus any applicable fixed-rate renewal option periods.
	The Company will expense any unamortized intangible lease asset or records an adjustment to rental revenue for any unamortized above-market lease asset or below-market lease liability by reassessing the estimated remaining useful life of such intangible lease asset or liability when it becomes probable a customer will terminate a lease before the stated lease expiration date.
Organization and Offering Expenses	'
	Organization and Offering Expenses
	Organization and offering expenses are accrued by the Company only to the extent that the Company is successful in raising gross offering proceeds. If the Company is not successful in raising additional equity proceeds, no additional amounts will be payable by the Company to the Advisor for reimbursement of cumulative organization and offering expenses. Organization costs are expensed in the period they become reimbursable and offering expenses associated with the Company’s public offerings are recorded as a reduction of gross offering proceeds in additional paid-in capital. See “Note 5” for additional information regarding when organization and offering expenses become reimbursable.
Income Taxes	'
	Income Taxes
	The Company intends to qualify as a REIT under the Internal Revenue Code of 1986, as amended, beginning with its taxable year ended December 31, 2013. As a REIT, the Company generally will not be subject to federal income taxes on net income that it distributes to stockholders. The Company intends to make timely distributions sufficient to satisfy the annual distribution requirements. If the Company fails to qualify as a REIT in any taxable year, the Company will be subject to federal income tax on its taxable income at regular corporate tax rates. Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain state and local taxes on its income and property and federal income and excise taxes on its undistributed income.
Net Loss Per Common Share	'
	Net Loss Per Common Share
	The Company computes net loss per common share by dividing net loss by the weighted-average number of common shares outstanding during the period. There were no dilutive shares for the year ended December 31, 2013 and for the period from Inception (August 28, 2012) to December 31, 2012.
Concentration of Credit Risk	'
	Concentration of Credit Risk
	Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents. At times, balances with any one financial institution may exceed the Federal Deposit Insurance Corporation (“FDIC”) insurance limits. The Company believes it mitigates this risk by investing its cash with high-credit quality financial institutions.
Recent Accounting Standards	'
	Recent Accounting Standards
	Recently Adopted Accounting Standards. In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” (“ASU 2013-02”), which requires companies to report, either on their statement of comprehensive income or in a footnote to their financial statements, the effects from items that are reclassified out of other comprehensive income. ASU 2013-02 was effective for the Company in the first quarter of 2013. The adoption of this guidance did not have a material effect on the Company’s consolidated financial statements.
	Recently Issued Accounting Standards. In February 2013, the FASB issued ASU No. 2013-04, “Obligations Resulting from Joint and Several Liability Arrangements for which the Total Amount of the Obligation Is Fixed at the Reporting Date” (“ASU 2013-04”), which provides guidance for the recognition, measurement and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date. ASU 2013-04 requires an entity to measure those obligations as the sum of the amount the entity agreed to pay on the basis of its arrangement among its co-obligors, as well as any additional amount the entity expects to pay on behalf of its co-obligors. ASU 2013-04 also requires an entity to disclose the nature and amount of those obligations. ASU 2013-04 is to be applied retrospectively and is effective for the Company beginning January 1, 2014, with early adoption permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Real Estate Asset, Useful Life	'
	Real estate-related depreciation and amortization will be computed on a straight-line basis over the estimated useful lives as described in the following table:
	Land	Not depreciated
	Building	20 to 40 years
	Building and land improvements	5 to 20 years
	Tenant improvements	Lesser of useful life or lease term
	Lease commissions	Over lease term
	Intangible lease assets	Over lease term
	Above-market lease assets	Over lease term
	Below-market lease liabilities	Over lease term, including below-market fixed-rate renewal options

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS' EQUITY (Tables)	12 Months Ended
	Dec. 31, 2013
Equity [Abstract]	'
Distributions Table	'
	The following table outlines the cash distributions for the periods indicated below:
					Amount
			Payment Date		Declared per		Paid		Reinvested in		Total
					Common Share		in Cash		Shares		Distributions
	31-Dec-13		15-Jan-14		$	0.1125	$	29,208	$	3,286	$	32,494
	September 30, 2013 (1)		20-Dec-13			0.1125		7,367		—		7,367
	Total						$	36,575	$	3,286	$	39,861
	-1	Cash distributions were authorized to all common stockholders of record as of the close of business on each day commencing on the date that the Company met the minimum offering requirements in connection with the Offering and ending on the last day of the quarter in which the minimum offering requirements were met (the “Initial Quarter”). Accordingly, the Initial Quarter commenced on September 6, 2013 and ended on September 30, 2013.
Redemption Discount Table	'
	The discount from the purchase price paid for the redeemed shares will vary based upon the length of time that the shares of common stock have been held, as follows:
	Share Purchase Anniversary		Redemption Price as a
			Percentage of the
			Purchase Price
	Less than one year			No redemption allowed
	One year			92.5	%
	Two years			95	%
	Three years			97.5	%
	Four years and longer			100	%

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
Preliminary Taxability of Distributions on Common Shares	'
	The unaudited preliminary taxability of the Company’s 2013 distributions was:
		For the Year Ended
		December 31, 2013
		(unaudited)
	Per common share:
	Ordinary income	$	—
	Non-taxable return of capital		0.225
	Long-term capital gain		—
	Total distribution	$	0.225

RELATED_PARTY_TRANSACTIONS_Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
Summary of Fees and Expenses Incurred by Company	'
	The table below summarizes the fees and expenses incurred by the Company for services provided by the Advisor, the Dealer Manager, and the Property Manager related to the services described above, and any related amounts payable:
			Incurred
			For the Year Ended		For the Period		Payable as of
			31-Dec-13		from Inception		December 31,
					(August 28, 2012) to
					31-Dec-12		2013		2012
	Expensed:
	Organization costs (1)		$	75,748	$	—	$	9,324	$	—
	Other expense reimbursements			41,575		—		41,575		—
	Total		$	117,323	$	—	$	50,899	$	—
	Additional Paid-In Capital:
	Sales commissions		$	123,477	$	—	$	31,500	$	—
	Dealer manager fees			44,460		—		11,250		—
	Offering costs (1)			—		—		—		—
	Total		$	167,937	$	—	$	42,750	$	—
	-1	As of December 31, 2013, the Advisor had incurred $3,349,005 of offering costs and $93,008 of organization costs, all of which were paid directly by the Advisor on behalf of the Company. As of December 31, 2013, the Company had reimbursed the Advisor $75,748 related to organization costs. The Company has elected to reimburse the Advisor for organization costs prior to reimbursing the Advisor for offering costs. The Company reimburses the Advisor or its affiliates for cumulative organization expenses and for cumulative expenses of its public offerings up to 2.0% of the aggregate gross offering proceeds from the sale of shares in its public offerings. The Advisor or an affiliate of the Advisor is responsible for the payment of the Company’s cumulative organization expenses and offering expenses to the extent that such cumulative expenses exceed 2.0% of the gross offering proceeds from the sale of shares in the Company’s public offerings, without recourse against or reimbursement by the Company.
Expense Support Payment Obligation Incurred by the Advisor	'
	The table below provides information regarding expense support payment obligations incurred by the Advisor pursuant to the Expense Support Agreement.
			For the Year Ended
			December 31, 2013
	Asset management fees		$	—
	Other expense support			306,025
	Total expense support from the Advisor		$	306,025
	Expense support to be reimbursed by Advisor (1)		$	306,025
	-1	Amount recorded as due from affiliates on the consolidated balance sheets as of December 31, 2013.

QUARTERLY_FINANCIAL_DATA_UNAUD1

QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]	'
Quarterly Financial Data	'
	Selected quarterly financial data is as follows:
			For the Quarter Ended
			March 31 (1)		June 30 (1)		September 30 (1)			December 31
	2013
	Total revenues		$	—	$	—	$	—		$	—
	Total operating expenses		$	—	$	—	$	128,581		$	401,579
	Total other income and expenses		$	—	$	—	$	466		$	2,017
	Expense support from the Advisor		$	—	$	—	$	—		$	(306,025	)
	Net loss		$	—	$	—	$	(129,047	)	$	(97,571	)
	Net loss attributable to common stockholders		$	—	$	—	$	(129,047	)	$	(97,571	)
	Net loss per common share—basic and diluted		$	—	$	—	$	(1.61	)	$	(0.34	)
	Weighted-average shares outstanding			20,000		20,000		80,053			286,897
	2012
	Total revenues		$	—	$	—	$	—		$	—
	Total operating expenses		$	—	$	—	$	—		$	—
	Total other income and expenses		$	—	$	—	$	—		$	—
	Net loss		$	—	$	—	$	—		$	—
	Net loss attributable to common stockholders		$	—	$	—	$	—		$	—
	Net loss per common share—basic and diluted		$	—	$	—	$	—		$	—
	Weighted-average shares outstanding			—		—		20,000			20,000
	-1	Financial data for the quarters ended March 31, 2012 and June 30, 2012 is not available as the Company was not formed until August 28, 2012. Financial data for the quarter ended September 30, 2012 reflects the period from Inception (August 28, 2012) to September 30, 2012.

Organization_Additional_Inform

Organization - Additional Information (Detail) (USD $)	1 Months Ended
	Sep. 30, 2012	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Sep. 30, 2012	Sep. 30, 2012	Sep. 30, 2012	Sep. 30, 2012	Mar. 31, 2013
				Limited Partner [Member]	General Partner [Member]	Advisor [Member]	Advisor [Member]	IPT-GP [Member]	IPT-GP [Member]
							Common Stock [Member]		General Partner [Member]
Organization and Nature of Operations [Line Items]	'	'	'	'	'	'	'	'	'
Common stock, shares sold	'	419,938	20,000	'	'	20,000	'	'	'
Common stock, price per share	'	$10	'	'	'	$10	$10	'	'
Amount contributed to a wholly-owned subsidiary	$2,000	'	'	'	'	'	'	$2,000	'
Operating Partnership Units, issued	'	20,000	'	19,800	200	'	'	'	200
Operating Partnership Units, value	'	'	'	198,000	2,000	'	'	'	'
Ownership percentage	'	'	'	99.00%	1.00%	'	'	'	'
Special Units issued	100	'	'	'	'	'	'	'	'
Special Units issued, value	$1,000	'	'	'	'	'	'	'	'

Recovered_Sheet1

Summary of Significant Accounting Policies - Real Estate Asset, Useful Life (Detail)	12 Months Ended
	Dec. 31, 2013
Lease commissions [Member]	'
Real Estate Properties [Line Items]	'
Real estate properties, amortization term	'Over lease term
Intangible lease assets [Member]	'
Real Estate Properties [Line Items]	'
Real estate properties, amortization term	'Over lease term
Above-market lease assets [Member]	'
Real Estate Properties [Line Items]	'
Real estate properties, amortization term	'Over lease term
Below-market lease liabilities [Member]	'
Real Estate Properties [Line Items]	'
Real estate properties, amortization term	'Over lease term, including below-market fixed-rate renewal options
Land [Member]	'
Real Estate Properties [Line Items]	'
Real estate properties, depreciation term	'Not depreciated
Building [Member] | Minimum [Member]	'
Real Estate Properties [Line Items]	'
Real estate properties, estimated useful life	'20 years
Building [Member] | Maximum [Member]	'
Real Estate Properties [Line Items]	'
Real estate properties, estimated useful life	'40 years
Building and land improvements [Member] | Minimum [Member]	'
Real Estate Properties [Line Items]	'
Real estate properties, estimated useful life	'5 years
Building and land improvements [Member] | Maximum [Member]	'
Real Estate Properties [Line Items]	'
Real estate properties, estimated useful life	'20 years
Tenant improvements [Member]	'
Real Estate Properties [Line Items]	'
Real estate properties, depreciation term	'Lesser of useful life or lease term

Recovered_Sheet2

Summary of Significant Accounting Policies - Additional information (Detail) (USD $)	4 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2013
Accounting Policies [Abstract]	'	'
Net income (loss) attributable to noncontrolling interests	$0	$0
Dilutive shares	0	0

Stockholders_Equity_Additional

Stockholders Equity - Additional information (Detail) (USD $)

0 Months Ended

1 Months Ended

3 Months Ended

12 Months Ended

12 Months Ended

Sep. 27, 2012

Sep. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Sep. 06, 2013

Sep. 27, 2012

Sep. 27, 2012

Sep. 27, 2012

First Quarter 2014 [Member]

Second Quarter 2014 [Member]

Third Quarter 2014 [Member]

Dividend Declared [Member]

Common Stock [Member]

Initial Public Offering [Member]

Initial Public Offering [Member]

Initial Public Offering [Member]

Ohio [Member]

Pennsylvania [Member]

Stockholders' Equity Detail [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Effective date of registration statement

24-Jul-13

'

'

'

'

'

'

'

'

'

'

'

'

Maximum dollar value of offering of common stock

'

'

'

'

'

'

'

'

'

'

$2,000,000,000

'

'

Dollar value of primary shares of common stock in offering

'

'

'

'

'

'

'

'

'

'

1,500,000,000

'

'

Offering price of common stock per share

'

'

$10

$10

'

'

'

'

'

'

$10

'

'

Dollar value of shares in offering pursuant to distribution reinvestment plan

'

'

'

'

'

'

'

'

'

'

500,000,000

'

'

Distribution reinvestment plan price per share

'

'

'

'

'

'

'

'

'

'

$9.50

'

'

Expected date registration statement to close

24-Jul-15

'

'

'

'

'

'

'

'

'

'

'

'

Total gross proceeds raised in offerings

'

'

3,987,378

3,987,378

'

'

'

'

'

2,000,000

'

'

'

Minimum offering requirement amount

'

'

'

'

'

'

'

'

'

'

'

$7,000,000

$50,000,000

Total shares of common stock sold

'

'

419,938

419,938

20,000

'

'

'

'

'

'

'

'

Quarterly distribution rate per share

'

'

'

'

'

0.000047945

0.000047945

0.000047945

'

'

'

'

'

Quarterly distribution rate per share

'

$0.11

$0.11

$0.23

'

'

'

'

$0.04

'

'

'

'

Minimum holding period of shares of common stock for redemption plan

'

'

'1 year

'1 year

'

'

'

'

'

'

'

'

'

Maximum percentage of number of shares to be redeemed during any consecutive 12-month period

'

'

5.00%

5.00%

'

'

'

'

'

'

'

'

'

Shares of common stock redeemed

'

'

'

0

'

'

'

'

'

'

'

'

'

Stockholders_Equity_Distributi

Stockholders' Equity - Distributions Table (Detail) (USD $)	1 Months Ended	3 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2013
Schedule Of Stockholders' Equity [Line Items]	'	'	'
Declared per Common Share	$0.11	$0.11	$0.23
Paid in Cash	'	'	$36,575
Reinvested in Shares	'	'	3,286
Total Distributions	'	'	39,861
December 31, 2013 [Member]	'	'	'
Schedule Of Stockholders' Equity [Line Items]	'	'	'
Payment Date	'	'	15-Jan-14
Declared per Common Share	'	'	$0.11
Paid in Cash	'	'	29,208
Reinvested in Shares	'	'	3,286
Total Distributions	'	'	32,494
September 30, 2013 [Member]	'	'	'
Schedule Of Stockholders' Equity [Line Items]	'	'	'
Payment Date	'	'	20-Dec-13
Declared per Common Share	'	'	$0.11
Paid in Cash	'	'	7,367
Reinvested in Shares	'	'	0
Total Distributions	'	'	$7,367

Stockholders_Equity_Redemption

Stockholders Equity - Redemption Discount Table (Detail)	Dec. 31, 2013
Stockholders Equity [Abstract]	'
Redemption price as percentage of the purchase price, share purchase anniversary, less than one year	'
Redemption price as percentage of the purchase price, share purchase anniversary, one year	92.50%
Redemption price as percentage of the purchase price, share purchase anniversary, two years	95.00%
Redemption price as percentage of the purchase price, share purchase anniversary, three years	97.50%
Redemption price as percentage of the purchase price, share purchase anniversary, four years and longer	100.00%

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	4 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'	'
Impact related to uncertain tax positions	$0	$0
Earliest tax year subject to examination	'	'2012

Income_Taxes_Preliminary_Taxab

Income Taxes - Preliminary Taxability of Distributions on Common Shares (Detail) (USD $)	1 Months Ended	3 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'	'	'
Ordinary income	'	'	'
Non-taxable return of capital	'	'	$0.23
Long-term capital gain	'	'	'
Total distribution	$0.11	$0.11	$0.23

Related_Party_Transactions_Add

Related Party Transactions - Additional Information (Detail) (USD $)	1 Months Ended		3 Months Ended	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012
Related Party Transaction [Line Items]	'	'	'	'	'
Sales commission fees - percent of gross proceeds, maximum	'	'	'	7.00%	'
Dealer manager fees - percent of gross proceeds, maximum	'	'	'	2.50%	'
Aggregate investment threshold for 2.0% acquisition fees	'	'	'	$500,000,000	'
Asset management fees - monthly one-twelfth of percentage of aggregate cost of each real estate property asset located in the U.S.	'	'	'	0.80%	'
Asset management fees - monthly one-twelfth of percentage of aggregate cost of each real estate property asset located outside the U.S.	'	'	'	1.20%	'
Asset management fees - monthly one-twelfth of percentage of aggregate cost or investment of any interest in any other real estate related entity or any type of debt investment or other investment	'	'	'	0.80%	'
Asset management fees - percent of total consideration paid in connection with a disposition	'	'	'	2.00%	'
Organization and offering expense reimbursement to advisor or affiliates	'	'	'	2.00%	'
Quarterly distribution rate per share	$0.11	'	$0.11	$0.23	'
Termination notice period for expense support agreement	'	'	'	'60 days	'
Expense support agreement effective through	'	'	'	30-Sep-14	'
Common stock, shares sold	'	'	419,938	419,938	20,000
Common stock, price per share	'	'	$10	$10	'
Operating Partnership Units, issued	'	'	20,000	20,000	'
Special Units issued	'	100	'	'	'
Special Units issued, value	'	1,000	'	'	'
Amount contributed to a wholly-owned subsidiary	'	2,000	'	'	'
Total gross proceeds raised in offerings by officers and affiliates	2,000,000	'	'	'	'
Interest in Other Real Estate-Related Entity [Member]	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'
Percentage of acquisition fees related to real estate properties acquired	'	'	'	1.00%	'
Proportionate Share of Property Owned By Real Estate Related Entity [Member] | Property Owned By Real Estate-Related Entity [Member]	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'
Percentage of acquisition fees related to real estate properties acquired	'	'	'	1.00%	'
Limited Partner [Member]	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'
Operating Partnership Units, issued	'	19,800	'	'	'
Operating Partnership Units, price per unit	'	$10	'	'	'
Operating Partnership Units, value	'	$198,000	'	'	'
Advisor [Member]	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'
Common stock, shares sold	'	20,000	'	'	'
Common stock, price per share	'	$10	'	'	'
Daily Distribution Scenario, Forecast [Member]	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'
Quarterly distribution rate per share	'	'	'	$0.11	'
Maximum [Member]	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'
Percentage of acquisition fees related to real estate properties acquired	'	'	'	2.00%	'
Acquisition fees - percent of total project costs for real estate properties acquired in the development stage	'	'	'	4.00%	'
Property management fee	'	'	'	5.00%	'
Leasing fee	'	'	'	8.00%	'
Minimum [Member]	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'
Percentage of acquisition fees related to real estate properties acquired	'	'	'	1.00%	'
Property management fee	'	'	'	2.00%	'
Leasing fee	'	'	'	2.00%	'
Debt Investment or Other Investment [Member]	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'
Percentage of acquisition fees related to real estate properties acquired	'	'	'	1.00%	'

Related_Party_Transactions_Sum

Related Party Transactions - Summary of Fees and Expenses Incurred by Company (Detail) (USD $)	4 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2013
Expensed:	'	'
Organization costs, incurred	'	$75,748
Other expense reimbursements, incurred	'	41,575
Total	'	117,323
Organization costs, payable	'	9,324
Other expense reimbursements, payable	'	41,575
Total	'	50,899
Additional Paid-In Capital:	'	'
Sales commissions, incurred	'	123,477
Dealer manager fees, incurred	'	44,460
Offering costs, incurred	'	'
Total	'	167,937
Sales commissions, payable	'	31,500
Dealer manager fees, payable	'	11,250
Offering costs, payable	'	'
Total	'	$42,750

Related_Party_Transactions_Sum1

Related Party Transactions - Summary of Fees and Expenses Incurred by Company (Parenthetical) (Detail) (USD $)	4 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2013
Related Party Transactions [Abstract]	'	'
Offering cost incurred	'	$3,349,005
Organization cost incurred by Advisor	'	93,008
Organization cost incurred	'	$75,748
Reimbursement as a percentage of gross offering proceeds from sale of shares in public offerings	'	2.00%

Related_Party_Transactions_Exp

Related Party Transactions - Expense Support Payment Obligation Incurred by the Advisor (Detail) (USD $)	3 Months Ended				12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2013
Related Party Transactions [Abstract]	'	'	'	'	'
Asset management fees	'	'	'	'	'
Other expense support	'	'	'	'	306,025
Total expense support from the Advisor	306,025	'	'	'	306,025
Expense support to be reimbursed by Advisor	$306,025	'	'	'	$306,025

Noncontrolling_Interests_Addit

Noncontrolling Interests - Additional Information (Detail) (USD $)	1 Months Ended	12 Months Ended
	Sep. 30, 2012	Dec. 31, 2013	Dec. 31, 2013
		Op Units Holder [Member]	Special Units Holder [Member]
Noncontrolling Interest [Line Items]	'	'	'
Special Units issued	100	'	'
Special Units value	$1,000	'	'
Cumulative non-compounded annual pre-tax return percentage - in addition to capital invested received	'	6.50%	'
Percentage return of net sales proceeds received upon disposition of Operating Partnership's assets	'	85.00%	15.00%

Quarterly_Financial_Data_Quart

Quarterly Financial Data - Quarterly Financial Data (Detail) (USD $)	3 Months Ended								4 Months Ended	12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 30, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2012	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]	'	'	'	'	'	'	'	'	'	'
Total revenues	'	'	'	'	'	'	'	'	'	'
Total operating expenses	401,579	128,581	'	'	'	'	'	'	'	530,160
Total other income and expenses	2,017	466	'	'	'	'	'	'	'	2,509
Expense support from the Advisor	-306,025	'	'	'	'	'	'	'	'	-306,025
Net loss	-97,571	-129,047	'	'	'	'	'	'	'	-226,618
Net loss attributable to common stockholders	($97,571)	($129,047)	'	'	'	'	'	'	'	($226,618)
Net loss per common share-basic and diluted	($0.34)	($1.61)	'	'	'	'	'	'	'	($2.49)
Weighted-average shares outstanding	286,897	80,053	20,000	20,000	20,000	20,000	'	'	20,000	90,839

Subsequent_Event_Additional_In

Subsequent Event - Additional Information (Detail) (USD $)

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Jan. 13, 2014

Feb. 28, 2014

Jan. 13, 2014

Jan. 13, 2014

Jan. 13, 2014

Jan. 13, 2014

Jan. 15, 2014

Feb. 10, 2014

Feb. 18, 2014

Minimum [Member]

Maximum [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Based On LIBOR [Member]

Based On LIBOR [Member]

Based On Alternative Base Rate [Member]

Based On Alternative Base Rate [Member]

West Valley Distribution Center [Member]

Oakesdale Commerce Center [Member]

Century Distribution Center [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Completed Acquisitions [Member]

Acquisitions Under Contract [Member]

Acquisitions Under Contract [Member]

Customer

Customer

Customer

Building

Building

Building

sqft

sqft

sqft

Subsequent Event [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Total gross proceeds raised in offerings

$3,987,378

'

'

'

'

$9,178,363

'

'

'

'

'

'

'

Total shares of common stock sold

419,938

20,000

'

'

'

941,552

'

'

'

'

'

'

'

Square feet of industrial building

'

'

'

'

'

'

'

'

'

'

97,000

43,000

149,500

Percentage of building leased

'

'

'

'

'

'

'

'

'

'

100.00%

100.00%

100.00%

Average remaining lease term

'

'

'

'

'

'

'

'

'

'

'3 years 9 months 18 days

'1 year 2 months 12 days

'10 years 1 month 6 days

Total purchase price of acquisitions

'

'

'

'

'

'

'

'

'

'

7,852,000

4,000,000

11,500,000

Acquisition fees paid by the Company to the Advisor

'

'

'

'

'

'

'

'

'

'

157,040

'

'

Number of customers

'

'

'

'

'

'

'

'

'

'

4

2

1

Number of buildings

'

'

'

'

'

'

'

'

'

'

1

1

1

Cash deposited into escrow account to acquire business

'

'

'

'

'

'

'

'

'

'

'

100,000

750,000

Acquisition fee equal to purchase price

'

'

1.00%

2.00%

'

'

'

'

'

'

'

2.00%

2.00%

Amount available under line of credit

'

'

'

'

100,000,000

34,000

'

'

'

'

'

'

'

Maximum borrowing capacity

'

'

'

'

400,000,000

'

'

'

'

'

'

'

'

Interest rate spread

'

'

'

'

'

'

1.90%

2.75%

0.90%

1.75%

'

'

'

Line of credit facility outstanding amount

'

'

'

'

'

4,800,000

'

'

'

'

'

'

'

Line of credit facility interest rate

'

'

'

'

'

2.06%

'

'

'

'

'

'

'

Maturity date

'

'

'

'

1-Jan-17

'

'

'

'

'

'

'

'

Line of credit facility agreement date

'

'

'

'

13-Jan-14

'

'

'

'

'

'

'

'

Unused portion of line of credit

'

'

'

'

'

$95,200,000

'

'

'

'

'

'

'