Alpine Income Property Trust, Inc. Announces Acquisition of Four Income Properties for $19.37 Million
Alpine Income Property Trust, Inc. (PINE)
Last alpine income property trust, inc. earnings: 4/27 04:22 pm
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Source: GlobeNewswire
DAYTONA BEACH, Fla., Feb. 28, 2020 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced the acquisition of 4 net-leased retail income properties for a combined purchase price of approximately $19.37 million. The Company acquired an income property leased to Hobby Lobby (“Hobby Lobby”) located in Tulsa, Oklahoma, with 10.8 years remaining on the lease term. The acquisition also included a Long John Silver’s on a month-to-month lease that is an outparcel to the Hobby Lobby property. The Company also acquired an income property leased to Old Time Pottery (“Old Time Pottery”) located in the Jacksonville, Florida suburb of Orange Park, Florida, with 10.4 years remaining on the lease term. An outparcel to Old Time Pottery on a ground lease with a franchised-operated Freddy’s Frozen Custard (“Freddy’s”) was also part of the purchase. Freddy’s has approximately 6.8 years remaining on the lease term. The properties were purchased at a going-in cap
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PINE
Earnings
- 10/17/24 - Beat
PINE
Sec Filings
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- 11/18/24 - Form 4
- PINE's page on the SEC website