One Liberty Properties Completes Purchase of a Six Building Multi-Tenant Industrial Property for $53.5 Million

Rhea-AI Summary

One Liberty Properties (NYSE: OLP) completed the acquisition of a 397,440 sq ft, six-building multi-tenant industrial property in Sewickley, Pennsylvania for $53.5 million on Dec 22, 2025.

The portfolio is 93% leased to 16 tenants including Amazon and Linde Gas, with aggregate annual base rent of approx. $3.4 million, contractual annual rent bumps of 2%–3%, and a weighted average remaining lease term of 3.3 years.

The purchase was funded with cash and a seven-year $32.4 million mortgage at 5.45% (first five years interest-only), and follows a record $188.8 million of industrial acquisitions completed in 2025.

Positive

• Acquisition size of $53.5M adds meaningful industrial scale
• Occupancy 93% leased to 16 tenants
• Annual base rent approximately $3.4M
• Contractual rent bumps of 2%–3% annually
• 2025 industrial volume $188.8M YTD (record year)

Negative

• Weighted average lease term only 3.3 years
• Financing cost 5.45% mortgage with interest-only first five years

Key Figures

Acquisition price $53.5 million Six-building industrial property in Sewickley, Pennsylvania

Annual base rent $3.4 million Aggregate annual base rent from acquired portfolio

Mortgage financing $32.4 million Seven-year mortgage at 5.45% interest rate

Interest rate 5.45% Rate on seven-year mortgage, first five years interest-only

2025 industrial transactions $188.8 million Industrial acquisitions completed year to date 2025

Leased occupancy 93% Occupancy of the acquired six-building portfolio

Property size 397,440 square feet Total area of the acquired industrial portfolio

Rent escalations 2%–3% Annual contractual rent bumps on acquired leases

Market Reality Check

$20.15 Last Close

Volume Volume 231,597 vs 20-day average 146,212 ahead of the acquisition announcement. high

Technical Shares at $20.81, trading below 200-day MA of $23.12 and 28.41% under the 52-week high.

Peers on Argus

OLP was down 2.44% with mixed REIT peers: most declined (e.g., CTO -2.43%, GOOD -1.83%, AHH -1.46%, GNL -1.18%) while SAFE rose 0.88%, suggesting stock-specific factors alongside sector pressure.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 09	Dividend declaration	Positive	+0.3%	Announced 132nd consecutive quarterly dividend of $0.45 per share.
Nov 06	Earnings results	Positive	+2.7%	Q3 2025 results showing higher net income and industrial rent mix.
Sep 10	Dividend declaration	Positive	-0.9%	131st consecutive quarterly dividend of $0.45 per share announced.
Aug 05	Earnings results	Positive	-0.3%	Q2 2025 earnings with rental growth and industrial acquisitions.

Pattern Detected

Recent earnings and dividend news have produced modest, mixed price reactions, with an even split between aligned and divergent moves versus generally positive fundamentals.

Recent Company History

Over the last few months, OLP emphasized a shift toward industrial assets. Q2 and Q3 2025 earnings highlighted growing rental income, active capital recycling, and industrial acquisitions, while maintaining a steady $0.45 quarterly dividend and over 131 consecutive payments. The current $53.5M industrial acquisition and commentary that ~80% of base rent is industrial by 2026 build directly on this transformation theme, adding scale in a targeted submarket.

Market Pulse Summary

This announcement highlights OLP’s continued industrial-focused strategy, adding a $53.5M, 397,440 square foot, 93%-leased portfolio with about $3.4M in base rent and 2%–3% annual rent bumps. The acquisition is partly financed by a $32.4M mortgage at 5.45%. In the context of over $188.8M of 2025 industrial transactions and prior earnings showing growing industrial exposure, investors may watch occupancy, lease rollover, and rent growth from this asset.

Key Terms

mortgage financial

"financed with cash and a seven-year $32.4 million mortgage bearing an interest rate"

A mortgage is a loan used to buy real estate where the property itself serves as collateral: the borrower makes regular payments of principal and interest, and the lender can take the property if payments stop. It matters to investors because mortgage lending, repayment rates, and property values affect banks’ earnings, credit risk, and the performance of real estate and mortgage-backed securities — think of it like a long-term IOU tied to a house.

interest-only financial

"bearing an interest rate of 5.45%, with the first five years interest-only"

A loan or payment plan where the borrower pays only the interest for a set period while the original loan amount (the principal) stays unchanged; after that period payments typically rise to cover principal or a lump-sum principal payment is due. For investors this matters because interest-only structures change cash flows and risk: they can boost short-term income but increase the chance of payment shock or default later, similar to renting a car without paying down the purchase cost until the final bill arrives.

AI-generated analysis. Not financial advice.

 – 70 Industrial Properties Comprise Over 80% of Total Portfolio Base Rent for 2026 –
– Record Industrial Acquisition Year With $188.8 Million Completed Year to Date –

GREAT NECK, N.Y., Dec. 22, 2025 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP), a real estate investment trust focused on the ownership of industrial properties, today announced the completion of the previously announced acquisition of a 397,440 square foot, six building, multi-tenant industrial property located in Sewickley, Pennsylvania, for $53.5 million. The portfolio is 93% leased to 16 tenants, anchored by Amazon, Linde Gas, a Fortune Global 2000 multinational chemical company, The Macomb Group, and Safelite Fulfillment. The aggregate annual base rent is approximately $3.4 million, with annual contractual rent bumps ranging from 2% to 3% and the potential for additional rent growth as vacancies are filled and mark-to-market upside as leases expire. The weighted average remaining lease term is 3.3 years.

The acquisition was financed with cash and a seven-year $32.4 million mortgage bearing an interest rate of 5.45%, with the first five years interest-only, followed by a 30-year amortization schedule.  

Patrick J. Callan, Jr., President and Chief Executive Officer of One Liberty stated, “This acquisition delivers immediate critical mass in a high-performing and high barrier to entry submarket within the Pittsburgh MSA. The properties add a diverse roster of high-quality industrial tenants and creates operational efficiencies beyond what smaller piecemeal acquisitions can accomplish. The over $188 million of transactions completed in 2025 represents over five times our average annual acquisition pace from the prior five years, reflecting a meaningful inflection point in the execution of our industrial-focused transformation strategy.”

Forward Looking Statement:

Certain information contained in this press release, together with other statements and information publicly disseminated by One Liberty Properties, Inc. is forward looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. We intend such forward looking statements to be covered by the safe harbor provision for forward looking statements contained in the Private Securities Litigation Reform Act of 1995 and include this statement for the purpose of complying with these safe harbor provisions. Forward looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, are generally identifiable by use of the words “may,” “will,” “could,” “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,” or similar expressions or variations thereof. Information regarding important factors that could cause actual outcomes or other events to differ materially from any such forward looking statements appear in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and the reports filed with the Securities and Exchange Commission thereafter; in particular, the sections of such reports entitled “Cautionary Note Regarding Forward Looking Statements”, “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”, included therein. In addition, estimates of rental income or base rent exclude any related variable rent; anticipated property purchases, sales, financings and/or refinancings may not be completed during the period or on the terms indicated or at all; anticipated rent increases tied to filling of vacancies or as a result of market-to-market opportunities (i.e., renewing leased premises at higher rental rates) may not be realized; and estimates of gains from property sales or proceeds from financing or refinancing transactions are subject to adjustment, among other things, because actual closing costs may differ from the estimated costs. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company’s control and which could materially affect the Company’s results of operations, financial condition, cash flows, performance or future achievements or events.

About One Liberty Properties

The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial properties.

Contact:
One Liberty Properties
Investor Relations
Phone: (516) 466-3100
www.1liberty.com

FAQ

What did One Liberty Properties (OLP) buy on Dec 22, 2025 and for how much?

One Liberty bought a 397,440 sq ft, six-building industrial portfolio in Sewickley, PA for $53.5 million.

How leased is the Sewickley property acquired by OLP and who are major tenants?

The portfolio is 93% leased to 16 tenants, anchored by Amazon, Linde Gas, a Fortune Global 2000 chemical company, The Macomb Group, and Safelite Fulfillment.

What rent and lease terms did One Liberty (OLP) report for the Sewickley acquisition?

Aggregate annual base rent is about $3.4 million with contractual annual rent bumps of 2%–3% and a weighted average remaining lease term of 3.3 years.

How was the $53.5M acquisition financed by One Liberty (OLP)?

Financing used cash plus a seven-year $32.4 million mortgage at 5.45% with the first five years interest-only, then a 30-year amortization schedule.

What does the Sewickley purchase mean for One Liberty's 2025 acquisition activity?

The deal contributes to a record $188.8 million of industrial transactions completed in 2025, over five times the company's prior five-year annual average.