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): April 4, 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:

On April 4, 2014, Industrial Property Trust Inc. (the “Company”) issued two press releases announcing the acquisitions of the Century Distribution Center and the Oakesdale Commerce Center. Copies of these press releases are attached as Exhibits 99.1 and 99.2, respectively, to this Current Report on Form 8-K. Pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”), the information set forth in Exhibits 99.1 and 99.2 is deemed to have been furnished and shall not be deemed to be “filed” under the Securities Exchange Act of 1934.

Completed Real Property Acquisitions

Century Distribution Center

On March 17, 2014, the Company acquired a 100% fee interest in a recently completed industrial building located in Houston, Texas, aggregating approximately 149,500 square feet on 10.9 acres (the “Century Distribution Center”). As of February 1, 2014, the building was fully leased to one customer, as described below, with a remaining lease term of 10.1 years.

The total purchase price was approximately $11.5 million, exclusive of transfer taxes, due diligence expenses, and other closing costs. The Company estimates that the purchase price capitalization rate is approximately 5.7%. 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 an advisory agreement (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 $230,000, equal to 2.0% of the purchase price of this transaction.

Oakesdale Commerce Center

On March 28, 2014, the Company acquired a 100% fee interest in one industrial building located in the Seattle / Tacoma market, aggregating approximately 43,000 square feet on 2.3 acres (the “Oakesdale Commerce Center”). The building is 100% leased to two customers with an average remaining lease term (based on square feet) of 3.0 years. Both customers in the Oakesdale Commerce Center individually lease more than 10% of the total rentable area, as described below:

The total purchase price was approximately $4.0 million, exclusive of transfer taxes, due diligence expenses, and other closing costs. The Company estimates that the Purchase Price Capitalization Rate is approximately 5.1%. Pursuant to the terms of the Advisory Agreement, the Company paid an acquisition fee to the Advisor of approximately $79,000, equal to 2.0% of the purchase price of this transaction.

(d) Exhibits.

Forward Looking Statement

This Current Report on Form 8-K contains forward-looking statements (such as those concerning the lease terms and the Purchase Price Capitalization Rates) 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 tenants’ ability to continue to comply with the terms of their leases, 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 SEC. 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.

EXHIBIT INDEX