Announces Sale of Office Property for $33 Million
NEW YORK, Nov. 24, 2025 /PRNewswire/ -- Net Lease Office Properties (NYSE: NLOP) reported today that its Board of Trustees declared a special cash distribution of $4.10 per common share, totaling approximately $60.7 million. The distribution is payable on December 19, 2025 to shareholders of record as of the close of business on December 4, 2025.
The following property was recently sold for gross proceeds of approximately $33.0 million.
Tenant | Tenant Industry | Location | ABR (at time of sale)
($000s) | Gross Sale Proceeds
($000s) | Square
Feet |
Thermo Fisher Scientific | Pharmaceuticals | Morrisville, NC | $4,063 | $33,000 | 219,812 |
For additional information on NLOP — including an investor presentation, its latest quarterly report on Form 10-Q and related filings — please visit the company's website.
Net Lease Office Properties
Net Lease Office Properties (NYSE: NLOP) is a publicly traded real estate investment trust that owns a portfolio of high-quality, primarily single-tenant office properties located in the U.S. and net leased to corporate tenants operating across a variety of industries.
www.nloproperties.com
Institutional Investors:
1-212-492-1140
institutionalir@nloproperties.com
Individual Investors:
1-844-NLO REIT (656-7348)
ir@nloproperties.com
Press Contact:
Anna McGrath
1-212-492-1166
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SOURCE Net Lease Office Properties