UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 12, 2014

Industrial Property Trust Inc.

(Exact name of registrant as specified in its charter)

518 Seventeenth Street, 17^th Floor

Denver, CO 80202

(Address of principal executive offices)

(303) 228-2200

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Completed Real Property Acquisition

Rialto Distribution Center

On June 6, 2014, Industrial Property Trust Inc. (the “Company”) acquired a 100% fee interest in one industrial building located in the Southern California market, totaling approximately 247,000 square feet on 11.6 acres (the “Rialto Distribution Center”). The building is 100% leased to Bissell Inc., a manufacturer of vacuum cleaners and floor care products. Bissell Inc. leases approximately 247,000 square feet, or 100% of the building’s rentable area, under a lease that expires in January 2022 and has a remaining lease term of 7.7 years.

The total purchase price was approximately $20.0 million, exclusive of transfer taxes, due diligence expenses, and other closing costs. The Company estimates that the purchase price capitalization rate is approximately 4.6%. The Company acquired this building with an in-place lease that has below-market rent for this type of property and location. If the rent under this lease was at the current market rate, the Company estimates that the purchase price capitalization rate would be 5.4%. There is no assurance that, upon expiration of this lease, the Company will renew or re-lease this building at the then-current market rent rate. The purchase price capitalization rate is based on the respective property’s projected cash net operating income from in-place leases for the 12 months after the date of purchase, including any contractual rent increases contained in such leases for those 12 months, divided by the purchase price for the property, exclusive of transfer taxes, due diligence expenses, and other closing costs, including acquisition costs and fees paid to Industrial Property Advisors LLC (the “Advisor”) and its affiliates (the “Purchase Price Capitalization Rate”). Pursuant to the terms of the advisory agreement, dated as of July 16, 2013, by and among the Company, Industrial Property Operating Partnership LP, and the Advisor, as amended, the Company paid an acquisition fee to the Advisor of approximately $399,000, equal to 2.0% of the purchase price of this transaction.

Forward-Looking Statement

This Current Report on Form 8-K contains forward-looking statements (such as those concerning the lease term and the Purchase Price Capitalization Rate) that are based on the Company’s current expectations, plans, estimates, assumptions, and beliefs that involve numerous risks and uncertainties, including, without limitation, risks associated with the tenant’s ability to continue to comply with the terms of their lease, and those risks set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013, as amended or supplemented by the Company’s other filings with the Securities and Exchange Commission. Although these forward-looking statements reflect management’s belief as to future events, actual events or the Company’s investments and results of operations could differ materially from those expressed or implied in these forward-looking statements. To the extent that the Company’s assumptions differ from actual results, the Company’s ability to meet such forward-looking statements may be significantly hindered. You are cautioned not to place undue reliance on any forward-looking statements. The Company cannot assure you that it will attain its investment objectives.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.