---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-054989"
form_type: "8-K"
ticker: "OLP"
cik: "0000712770"
company_name: "ONE LIBERTY PROPERTIES INC"
filed_at: "2024-06-24T23:59:59+00:00"
generated_at: "2026-06-01T02:38:35.670680+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# One Liberty Properties contracts $33M industrial acquisition, reports $1.1M impairment on Ohio LA Fitness

## Summary
- Contracted to buy 302k sf industrial near Omaha for $33M; closing by Sep 30; $18.4M mortgage at 6.08%.
- Completed purchase of 35k sf Savannah industrial for $5.2M; financed with $2.8M mortgage at 6%.
- Sold five properties (May-June 2024) for total $16.32M, net proceeds ~$15M.
- LA Fitness Secaucus lease extended to 2040; rent increased to $1.6M; OLP to fund up to $1.2M improvements.
- Former LA Fitness Hamilton lease terminated; LOI to sell for $4.4M; expects $1.1M impairment in Q2 2024.

## SEC filing metadata
- accession: 0001213900-24-054989
- form_type: 8-K
- ticker: OLP
- cik: 0000712770
- company_name: ONE LIBERTY PROPERTIES INC
- filed_at: 2024-06-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/712770/000121390024054989/0001213900-24-054989-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/712770/000121390024054989/ea0208185-8k_oneliberty.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-054989
- JSON: https://secwatch.observer/filing/0001213900-24-054989.json
- Plain text: https://secwatch.observer/filing/0001213900-24-054989.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.