XML 54 R43.htm IDEA: XBRL DOCUMENT
v3.24.3

REAL ESTATE ACQUISITIONS - Purchase price allocation (Details) $ in Thousands | Sep. 30, 2024 USD ($) | Sep. 30, 2023 USD ($)
--- | --- | ---
Real Estate Acquisitions in 2024 |  |
REAL ESTATE ACQUISITIONS |  |
Intangible Lease Asset | $ 3,726 |
Intangible Lease Liability | (3,561) |
Total | 44,877 |
Real Estate Acquisitions in 2024 | Land |  |
REAL ESTATE ACQUISITIONS |  |
Acquired property | 6,196 |
Real Estate Acquisitions in 2024 | Building & Improvements |  |
REAL ESTATE ACQUISITIONS |  |
Acquired property | 38,516 |
Real Estate Acquisitions in 2024 | Quality Custom Distribution Services, Inc. in Albuquerque, New Mexico |  |
REAL ESTATE ACQUISITIONS |  |
Intangible Lease Asset | 689 |
Intangible Lease Liability | (1,855) |
Total | $ 6,505 |
Market capitalization rate | 0.0675 |
Real Estate Acquisitions in 2024 | Quality Custom Distribution Services, Inc. in Albuquerque, New Mexico | Lease Intangible |  |
REAL ESTATE ACQUISITIONS |  |
Discount rate | 0.0714 |
Real Estate Acquisitions in 2024 | Quality Custom Distribution Services, Inc. in Albuquerque, New Mexico | Land |  |
REAL ESTATE ACQUISITIONS |  |
Acquired property | $ 1,341 |
Real Estate Acquisitions in 2024 | Quality Custom Distribution Services, Inc. in Albuquerque, New Mexico | Building & Improvements |  |
REAL ESTATE ACQUISITIONS |  |
Acquired property | 6,330 |
Real Estate Acquisitions in 2024 | Russell Equipment, Inc. in Savannah, Georgia |  |
REAL ESTATE ACQUISITIONS |  |
Intangible Lease Asset | 525 |
Total | $ 5,293 |
Market capitalization rate | 0.0700 |
Real Estate Acquisitions in 2024 | Russell Equipment, Inc. in Savannah, Georgia | Lease Intangible |  |
REAL ESTATE ACQUISITIONS |  |
Discount rate | 0.0715 |
Real Estate Acquisitions in 2024 | Russell Equipment, Inc. in Savannah, Georgia | Land |  |
REAL ESTATE ACQUISITIONS |  |
Acquired property | $ 1,044 |
Real Estate Acquisitions in 2024 | Russell Equipment, Inc. in Savannah, Georgia | Building & Improvements |  |
REAL ESTATE ACQUISITIONS |  |
Acquired property | 3,724 |
Real Estate Acquisitions in 2024 | Multi-Tenant, Council Bluffs, Iowa |  |
REAL ESTATE ACQUISITIONS |  |
Intangible Lease Asset | 2,512 |
Intangible Lease Liability | (1,706) |
Total | $ 33,079 |
Market capitalization rate | 0.0660 |
Real Estate Acquisitions in 2024 | Multi-Tenant, Council Bluffs, Iowa | Lease Intangible |  |
REAL ESTATE ACQUISITIONS |  |
Discount rate | 0.0741 |
Real Estate Acquisitions in 2024 | Multi-Tenant, Council Bluffs, Iowa | Land |  |
REAL ESTATE ACQUISITIONS |  |
Acquired property | $ 3,811 |
Real Estate Acquisitions in 2024 | Multi-Tenant, Council Bluffs, Iowa | Building & Improvements |  |
REAL ESTATE ACQUISITIONS |  |
Acquired property | $ 28,462 |
Real Estate Acquisitions in 2023 |  |
REAL ESTATE ACQUISITIONS |  |
Intangible Lease Asset |  | $ 871
Intangible Lease Liability |  | (237)
Mortgage Intangible |  | 260
Total |  | 13,509
Real Estate Acquisitions in 2023 | Land |  |
REAL ESTATE ACQUISITIONS |  |
Acquired property |  | 311
Real Estate Acquisitions in 2023 | Building & Improvements |  |
REAL ESTATE ACQUISITIONS |  |
Acquired property |  | 12,304
Real Estate Acquisitions in 2023 | Multi-tenant, Blythewood, South Carolina |  |
REAL ESTATE ACQUISITIONS |  |
Intangible Lease Asset |  | 871
Intangible Lease Liability |  | (237)
Mortgage Intangible |  | 260
Total |  | $ 13,509
Market capitalization rate |  | 0.0675
Real Estate Acquisitions in 2023 | Multi-tenant, Blythewood, South Carolina | Lease Intangible |  |
REAL ESTATE ACQUISITIONS |  |
Discount rate |  | 0.0675
Real Estate Acquisitions in 2023 | Multi-tenant, Blythewood, South Carolina | Mortgage Intangible |  |
REAL ESTATE ACQUISITIONS |  |
Discount rate |  | 0.0600
Real Estate Acquisitions in 2023 | Multi-tenant, Blythewood, South Carolina | Land |  |
REAL ESTATE ACQUISITIONS |  |
Acquired property |  | $ 311
Real Estate Acquisitions in 2023 | Multi-tenant, Blythewood, South Carolina | Building & Improvements |  |
REAL ESTATE ACQUISITIONS |  |
Acquired property |  | $ 12,304

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 This element represents the amount of value allocated to the above-market value of a mortgage assumed in a transaction of the acquisition of real estate property. + References No definition available. + Details
Name: | olp_FiniteLivedIntangibleAssetIntangibleMortgageAsset
Namespace Prefix: | olp_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 50 -Name Accounting Standards Codification -Section 15 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480123/805-50-15-3 + 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 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 30 -Topic 205 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479910/205-30-50-1 + 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://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482686/350-30-45-1 + 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 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-7A Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(8)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 360 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478451/942-360-50-1 + 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_RealEstateAcquisitionsIn2024Member
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_QualityCustomDistributionServicesInc.InAlbuquerqueNewMexicoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_LeasesAcquiredInPlaceMarketAdjustmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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

X
- Details
Name: | us-gaap_AssetAcquisitionAxis=olp_RealEstateAcquisitionsIn2023Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=olp_RealEstateMortgageIntangibleMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |