secwatch.observer — SEC 8-K summary
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Issuer:     ONE LIBERTY PROPERTIES INC (OLP)
CIK:        0000712770
Form:       8-K
Filed at:   2024-06-24T23:59:59+00:00
Accession:  0001213900-24-054989
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712770/000121390024054989/0001213900-24-054989-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712770/000121390024054989/ea0208185-8k_oneliberty.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-054989

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