ðə stˈɛɹɪk bˈɪldɪŋ ɪz ɐ lˈænd lˈiːs pɹˈɑːpɚɾi wˈɛɹɪn ðɪ ɚɹˈɪdʒɪnəl bˈɪldɚz lˈiːst ðə lˈænd ðə bˈɪldɪŋ stˈændz ˌɔn fɔːɹ nˈaɪnti nˈaɪn jˈɪɹz wɪðˌaʊt bˈaɪɪŋ ðə lˈænd aʊtɹˈaɪt.
The Sterick Building is a land lease property wherein the original builders leased the land the building stands on for 99 years without buying the land outright.