One Liberty Properties sells vacant Georgia retail property for $6.7M, expects $2.1M gain

ONE LIBERTY PROPERTIES INC

Completed sale of vacant retail property in Kennesaw, GA on June 28, 2024 for gross price of $6.7 million.
Applied $4.4 million of proceeds to pay off related mortgage; net proceeds to company ~$2.3 million.
Expects to record estimated gain of approximately $2.1 million in Q2 2024.
Property generated $111K rental income but $493K in operating, interest, and D&A expenses in 2023.

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