XML 53 R42.htm IDEA: XBRL DOCUMENT
v3.22.2

REAL ESTATE ACQUISITIONS - Purchase price allocation (Details) - Real Estate Acquisitions in 2022 $ in Thousands | Jun. 30, 2022 USD ($) item
--- | ---
REAL ESTATE ACQUISITION |
Intangible Lease Asset | $ 2,816
Intangible Lease Liability | (1,152)
Total | 39,888
Land |
REAL ESTATE ACQUISITION |
Acquired property | 5,656
Building & Improvements |
REAL ESTATE ACQUISITION |
Acquired property | 32,568
Conditioned Air Company of Naples LLC, industrial facility, Fort Myers, Florida |
REAL ESTATE ACQUISITION |
Intangible Lease Asset | 568
Intangible Lease Liability | (269)
Total | $ 8,166
Conditioned Air Company of Naples LLC, industrial facility, Fort Myers, Florida | Level 3 |
REAL ESTATE ACQUISITION |
Market Cap Rate | item | 0.0550
Discount Rate | item | 0.0560
Conditioned Air Company of Naples LLC, industrial facility, Fort Myers, Florida | Land |
REAL ESTATE ACQUISITION |
Acquired property | $ 991
Conditioned Air Company of Naples LLC, industrial facility, Fort Myers, Florida | Building & Improvements |
REAL ESTATE ACQUISITION |
Acquired property | 6,876
Q.E.P. Co., Inc., industrial facility, Dalton Georgia |
REAL ESTATE ACQUISITION |
Intangible Lease Asset | 1,223
Intangible Lease Liability | (276)
Total | $ 17,330
Q.E.P. Co., Inc., industrial facility, Dalton Georgia | Level 3 |
REAL ESTATE ACQUISITION |
Market Cap Rate | item | 0.0500
Discount Rate | item | 0.0569
Q.E.P. Co., Inc., industrial facility, Dalton Georgia | Land |
REAL ESTATE ACQUISITION |
Acquired property | $ 547
Q.E.P. Co., Inc., industrial facility, Dalton Georgia | Building & Improvements |
REAL ESTATE ACQUISITION |
Acquired property | 15,836
Multi-tenant industrial facility, Hillside, Illinois |
REAL ESTATE ACQUISITION |
Intangible Lease Asset | 539
Intangible Lease Liability | (192)
Total | $ 5,882
Multi-tenant industrial facility, Hillside, Illinois | Level 3 |
REAL ESTATE ACQUISITION |
Market Cap Rate | item | 0.0625
Discount Rate | item | 0.0663
Multi-tenant industrial facility, Hillside, Illinois | Warehouse | Level 3 |
REAL ESTATE ACQUISITION |
Discount Rate | item | 0.0577
Multi-tenant industrial facility, Hillside, Illinois | Office | Level 3 |
REAL ESTATE ACQUISITION |
Discount Rate | item | 0.0903
Multi-tenant industrial facility, Hillside, Illinois | Land |
REAL ESTATE ACQUISITION |
Acquired property | $ 2,560
Multi-tenant industrial facility, Hillside, Illinois | Building & Improvements |
REAL ESTATE ACQUISITION |
Acquired property | 2,975
Curaleaf, Inc., industrial facility, Lexington, Kentucky |
REAL ESTATE ACQUISITION |
Intangible Lease Asset | 486
Intangible Lease Liability | (415)
Total | $ 8,510
Curaleaf, Inc., industrial facility, Lexington, Kentucky | Level 3 |
REAL ESTATE ACQUISITION |
Market Cap Rate | item | 0.0525
Discount Rate | item | 0.0588
Curaleaf, Inc., industrial facility, Lexington, Kentucky | Land |
REAL ESTATE ACQUISITION |
Acquired property | $ 1,558
Curaleaf, Inc., industrial facility, Lexington, Kentucky | Building & Improvements |
REAL ESTATE ACQUISITION |
Acquired property | $ 6,881

X
- Definition The discount rate used to measure tangible assets acquired. + References No definition available. + Details
Name: | olp_AssetAcquisitionsMeasurementInputDiscountRate
Namespace Prefix: | olp_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | instant

X
- Definition The market capitalization rate used to measure tangible assets acquired. + References No definition available. + Details
Name: | olp_AssetAcquisitionsMeasurementInputMarketCapitalizationRate
Namespace Prefix: | olp_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_AssetAcquisitionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of net assets (liabilities). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=77885760&loc=SL35686385-199418 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 205 -Section 45 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=118262037&loc=d3e9915-115836 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 220 -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -URI https://asc.fasb.org/extlink&oid=120401555&loc=SL114874367-224272 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 210 -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -URI https://asc.fasb.org/extlink&oid=120401414&loc=d3e604008-122996 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 220 -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(6)) -URI https://asc.fasb.org/extlink&oid=120401555&loc=SL114874367-224272 + Details
Name: | us-gaap_AssetsNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount after amortization of leases acquired as part of a real property acquisition at below market lease rate with a finite life. + References No definition available. + Details
Name: | us-gaap_BelowMarketLeaseNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph ((a)(1),(b)) -URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6388964&loc=d3e16212-109274 + Details
Name: | us-gaap_IntangibleAssetsNetExcludingGoodwill
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(8)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 360 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124429447&loc=SL124453093-239630 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 852 -SubTopic 10 -Section 55 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766 + Details
Name: | us-gaap_PropertyPlantAndEquipmentNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_AssetAcquisitionAxis=olp_RealEstateAcquisitionsIn2022Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LandMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingAndBuildingImprovementsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=olp_ConditionedAirCompanyOfNaplesLlcIndustrialFacilityFortMyersFloridaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=olp_Q.e.p.Co.Inc.IndustrialFacilityDaltonGeorgiaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=olp_MultiTenantIndustrialFacilityHillsideIllinoisMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=srt_WarehouseMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=srt_OfficeBuildingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=olp_CuraleafInc.IndustrialFacilityLexingtonKentuckyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |