One Liberty Properties Purchases Two Premium Industrial Properties for $49 Million
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One Liberty Properties, Inc. (NYSE: OLP) has acquired two Class A industrial properties in Mobile, Alabama for $49 million, increasing its industrial portfolio's base rent to over 72% of total base rent. Additionally, OLP sold retail and health & fitness properties for $23 million, realizing over $6.6 million in gains.
January 22, 2025 | 9:30 pm
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One Liberty Properties has completed a $49 million acquisition of two industrial properties, increasing its industrial base rent to over 72% of total base rent. The company also sold retail and health & fitness properties for $23 million, realizing over $6.6 million in gains.
The acquisition of industrial properties aligns with OLP's focus on net leased industrial properties, likely enhancing revenue stability and growth. The sale of non-core assets and realization of gains further strengthens its financial position.
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