An undisclosed buyer completed the acquisition of Vacant retail property located in Kennesaw, Georgia from One Liberty Properties, Inc..
June 27, 2024
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An undisclosed buyer entered into a contract to acquire Vacant retail property located in Kennesaw, Georgia from One Liberty Properties, Inc. (NYSE:OLP) for $6.7 million during the quarter ended March 31, 2024. A cash consideration of $6.7 million will be paid by the buyer. For the period ending December 31, 2023, Vacant retail property located in Kennesaw, Georgia generated $0.111 million of rental income. One Liberty Properties, Inc. applied $4.4 million of the sale proceeds to pay off the related mortgage. Transaction is expected to close on June 28, 2024.
An undisclosed buyer completed the acquisition of Vacant retail property located in Kennesaw, Georgia from One Liberty Properties, Inc. (NYSE:OLP) on June 28, 2024.
One Liberty Properties, Inc. is a self-administered and self-managed real estate investment trust. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial and retail properties. The Company owns approximately 108 properties and participate in joint ventures that own two properties. These 110 properties are located in 31 states and have an aggregate of approximately 10.9 million square feet. Its primary objective is to acquire single-tenant properties, and in particular, industrial properties, that are subject to long-term net leases that include periodic contractual rental increases or rent increases based on increases in the consumer price index. The Companyâs property is located across Alabama, Arkansas, Arizona, California, Colorado, Texas, Delaware, Florida, Georgia, Iowa, Illinois, Kansas, Kentucky, Massachusetts, Virginia and Ohio.
ONE LIBERTY PROPERTIES, INC. 
