secwatch.observer — SEC 8-K summary
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Issuer:     ONE LIBERTY PROPERTIES INC (OLP)
CIK:        0000712770
Form:       8-K
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0001213900-24-102162
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

One Liberty Properties agrees to acquire two industrial properties in Alabama for $49M
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- Acquisition of 371,586 sq ft on ~31 acres in Theodore, AL for $49M; expected closing in early 2025.
- Properties are fully leased to two tenants with aggregate annual base rent of ~$3.1M and ~7-year weighted avg remaining lease term.
- Financing includes $29M ten-year mortgage at 6.12% (interest-only for 5 years, then amortizing on 30-year schedule).
- Annual rent increases generally range from 2.3% to 3.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712770/000121390024102162/0001213900-24-102162-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712770/000121390024102162/ea0222161-8k_oneliberty.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-102162

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