OFFICE MAX STORE IN NAPLES SOLD FOR $ 6.6Mil

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OFFICE MAX STORE IN NAPLES SOLD FOR $ 6.6Mil

 user 2008-10-16 at 11:22:54 am Views: 63
  • #20490

    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.