OFFICE MAX STORE IN NAPLES SOLD FOR $ 6.6Mil

[Anonymous]

http://www.marketwatch.com/news/story/one-liberty-properties-acquires-office/story.aspx?guid={33CBC740-26C8-4806-82ED-206929CBBA58}&dist=hppr
One Liberty Properties Acquires an Office Max Store in Naples
One Liberty Properties Acquires an Office Max Store in Naples, Florida
announced
that on September 18, a wholly-owned subsidiary acquired an
approximately 15,912 square foot Office Max retail store located in
Naples, Florida. The purchase price was $6.16 million. The property is
net leased to OfficeMax Incorporated.

officemax inc del com
Patrick J. Callan, Jr., President and Chief Executive Officer of One
Liberty, commented that “this property was chosen in part due to its
excellent location on a major commercial corridor. The acquisition of
this property also continues the Company’s objective of acquiring
quality properties that are net leased on long term bases.”

One
Liberty is a New York-based REIT that specializes in the acquisition
and ownership of a diverse portfolio of real estate properties under
long term net leases. One Liberty’s leases generally provide for
contractual rent increases with all operating expenses and most or all
other property related expenses paid by the tenant. For more
information on One Liberty, please visit our website at
http://www.onelibertyproperties.com.

[Author]

October 16, 2008 at 11:23 AM