Company: OLP
Filing Date: 2025-06-09
Form Type: 8-K
Source: 0001140361-25-021948
Chunk: 1

Company: ONE LIBERTY PROPERTIES INC
Filing Date: 2025-06-09
Form: 8-K
Item: Item 8.01
Chunk 1
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Item 8.01      Other Events  

During the second quarter of 2025, a consolidated joint venture in which we hold a 90% interest entered into definitive agreements to sell the Marston Park Plaza Shopping Center in Lakewood, Colorado, for $21.4 million. Upon closing
these transactions, we expect to realize net proceeds of approximately $12 million and generate an aggregate gain of approximately $5.0 million. In 2024, these assets generated $2.2 million in rental income, and incurred $853,000 in real estate
operating expenses, $573,000 in depreciation and amortization expense, and $269,000 in interest expense.

We anticipate using the net proceeds from these sales to reduce our credit facility balance by approximately $10 million to approximately $5 million. We expect these transactions to close, subject to the satisfaction of customary
closing conditions, by the end of the third quarter 2025.

3

  Item 9.01      Financial Statements and Exhibits.