XML 54 R34.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Real Estate Acquisitions (Details) (USD $) | 3 Months Ended
--- | ---
Mar. 31, 2014 | Mar. 31, 2013
Real Estate Acquisitions |  |
Contract Purchase Price | $ 5,109,000 |
Third Party Real Estate Acquisition Costs | 40,000 | 151,000
Allocation of purchase price for the company's real estate acquisitions |  |
Land | 1,970,000 |
Building | 2,854,000 |
Building Improvements | 254,000 |
Intangible Lease Asset | 408,000 |
Intangible Lease Liability | (371,000) |
Total | 5,115,000 |
Weighted average amortization period for intangible lease liabilities | 4 years 3 months 18 days |
Intangible lease asset |  |
Allocation of purchase price for the company's real estate acquisitions |  |
Intangible lease assets | 467,000 |
Weighted average amortization period for intangible lease assets | 3 years 8 months 12 days |
Total Wine and More retail store, Greensboro, North Carolina |  |
Real Estate Acquisitions |  |
Contract Purchase Price | 2,971,000 |
Third Party Real Estate Acquisition Costs | 7,000 |
Allocation of purchase price for the company's real estate acquisitions |  |
Land | 1,044,000 |
Building | 1,465,000 |
Building Improvements | 89,000 |
Intangible Lease Asset | 373,000 |
Total | 2,971,000 |
Chuck E Cheese restaurant, Indianapolis, Indiana |  |
Real Estate Acquisitions |  |
Contract Purchase Price | 2,138,000 |
Third Party Real Estate Acquisition Costs | 9,000 |
Allocation of purchase price for the company's real estate acquisitions |  |
Land | 852,000 |
Building | 1,319,000 |
Building Improvements | 147,000 |
Intangible Lease Asset | 94,000 |
Intangible Lease Liability | (274,000) |
Total | 2,138,000 |
Subtotals |  |
Allocation of purchase price for the company's real estate acquisitions |  |
Land | 1,896,000 |
Building | 2,784,000 |
Building Improvements | 236,000 |
Intangible Lease Asset | 467,000 |
Intangible Lease Liability | (274,000) |
Total | 5,109,000 |
Other (b) |  |
Real Estate Acquisitions |  |
Third Party Real Estate Acquisition Costs | 24,000 |
Other (a) |  |
Allocation of purchase price for the company's real estate acquisitions |  |
Land | 74,000 |
Building | 70,000 |
Building Improvements | 18,000 |
Intangible Lease Asset | (59,000) |
Intangible Lease Liability | (97,000) |
Total | $ 6,000 |

X
- Definition Represents the weighted average amortization period of finite-lived intangible liabilities acquired either individually or as part of a group. + References No definition available. + Details
Name: | olp_AcquiredFiniteLivedIntangibleLiabilitiesWeightedAverageAmortizationPeriod
Namespace Prefix: | olp_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the amount of addition, improvement, or renovation to a facility held for productive use including parking lot improvements acquired at the acquisition date. + References No definition available. + Details
Name: | olp_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingsImprovements
Namespace Prefix: | olp_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount of identifiable intangible liabilities recognized as of the acquisition date. + References No definition available. + Details
Name: | olp_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLeaseLiability
Namespace Prefix: | olp_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Expense consisting of acquisition related transaction costs. + References No definition available. + Details
Name: | olp_CostsOfAcquiringRealEstate
Namespace Prefix: | olp_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Weighted average amortization period of finite-lived intangible assets acquired either individually or as part of a group of assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a)(3) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 + Details
Name: | us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of facility held for productive use including, but not limited to, office, production, storage and distribution facilities, acquired at the acquisition date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount of identifiable intangible assets recognized as of the acquisition date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 55 -Paragraph 37 -URI http://asc.fasb.org/extlink&oid=25498275&loc=d3e2207-128464 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of real estate acquired, at the acquisition date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount recognized as of the acquisition date for the identifiable assets acquired in excess of (less than) the aggregate liabilities assumed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 55 -Paragraph 37 -URI http://asc.fasb.org/extlink&oid=25498275&loc=d3e2207-128464 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of increase in assets, excluding financial assets, lacking physical substance with a definite life, resulting from a business combination. + References No definition available. + Details
Name: | us-gaap_FinitelivedIntangibleAssetsAcquired1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The cash outflow from the acquisition of a piece of land, anything permanently fixed to it, including buildings, structures on it and so forth; includes real estate intended to generate income for the owner; excludes real estate acquired for use by the owner. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3213-108585 + Details
Name: | us-gaap_PaymentsToAcquireRealEstate
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration