Net Lease Office Properties Announces Sale of Office Property for $72 Million

NEW YORK, Aug. 8, 2024 /PRNewswire/ -- Net Lease Office Properties (NYSE: NLOP) today announced the sale of an office property leased to CVS Health Corporation ("CVS") for gross proceeds of $71.5 million. Primary Tenant Industry Location ABR (at time of sale) NLOP Collateral Pool Primary Tenant Gross Sale Proceeds Square Feet 9501 Shea Boulevard, Scottsdale, AZ $4.25 million $71.5 million 354,888Included CVS Health Care Services Net proceeds after closing costs were used to repay approximately $55 million o ...