Prnewswire·2025-12-22 12:30Core Viewpoint - Net Lease Office Properties (NLOP) announced the sale of six office properties for approximately $75.8 million and declared a special cash distribution of $5.10 per common share, totaling around $75.6 million, payable on January 20, 2026 [1][2]. Group 1: Property Sales - NLOP sold six office properties for gross proceeds of approximately $75.8 million [1]. - The properties sold include: - Securitas Electronic Security, Inc. in Plymouth, MN for $5.654 million, with an annual base rent (ABR) of $1.218 million and a size of 182,250 square feet [2]. - JPMorgan Chase Bank, N.A. in Tampa, FL for $13.650 million, with an ABR of $1.934 million and a size of 135,733 square feet [2]. - A vacant property in Oak Creek, WI for $2.576 million, previously occupied by Master Lock Company, LLC [2]. - Cohesity Inc. in Roseville, MN for $14.625 million, with an ABR of $2.255 million and a size of 136,125 square feet [2]. - Pioneer Credit Recovery, Inc. in Moorestown, NJ for $6.250 million, with an ABR of $0.931 million and a size of 65,567 square feet [2]. - Another JPMorgan Chase Bank, N.A. property in Fort Worth, TX for $33.000 million, with an ABR of $4.850 million and a size of 386,154 square feet [2]. - The total ABR for all properties sold is $11.188 million, with a combined size of 1,026,712 square feet [2]. Group 2: Company Overview - Net Lease Office Properties is a publicly traded real estate investment trust (REIT) that focuses on owning high-quality, primarily single-tenant office properties in the U.S. [3]. - The properties are net leased to corporate tenants across various industries [3].