One Liberty Properties buys Nashville-area property

|About: One Liberty Properties, ... (OLP)|By:, SA News Editor

The 540K square-foot industrial distribution center is on 42.78 acres in Lebanon, TN. It was purchased by OLP for $32.8M, with an assumed mortgage of $21.5M. The mortgage carries an interest rate of 3.7% and matures in 2031.

The facility is leased for 15 years to Famous Footwear. Annual rental income is about $2.2M.

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