Scripps Sale Leaseback

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in the E.W. Scripps Company Sale-Leaseback at 1720 Gilbert Avenue ("The Property"), an 80,000 square foot studio facility featuring state-of-the-art broadcasting infrastructure, including dedicated studio space, a production room, and the “sky box” conference center. The Property has been exclusively owned and operated by Scripps since its inception and serves as the TV station and office for leading local news provider, WCPO 9.

Located in the northeastern part of Cincinnati, Ohio, the Property is conveniently situated next to I-71 and I-75 and 25 minutes from the Cincinnati/Northern Kentucky International Airport, providing excellent connectivity to the entire Cincinnati Metro area. The Property is less than a mile-and-a-half from the Banks to the northeast, home of the Cincinnati Bengals and Reds. Additionally, the Property is a 10-minute drive to Covington and Newport, two burgeoning destinations for entertainment and authentic distilleries. To the east, the Property is less than a mile from Over-the-Rhine, a historic district lined with galleries, restaurants and boutique shops. The Property also benefits from proximity to The University of Cincinnati’s campus, which is less than two miles away and hosts over 50,900 students.

THIS ATTRACTIVE OFFERING PRESENTS INVESTORS WITH A MISSION-CRITICAL STUDIO FACILITY, OFFERING DURABLE CASH FLOW THROUGH A LONG-TERM ABSOLUTE NNN LEASE STRUCTURE SECURED BY ONE OF THE NATION’S LARGEST LOCAL AND NATIONAL TV NEWS AND ENTERTAINMENT PROVIDERS, THE E.W. SCRIPPS COMPANY.