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confidence high
sentiment neutral
materiality 0.25
ShotSpotter signs 65-month lease for new HQ in Fremont, CA; base rent starts at $33.7K/mo
SOUNDTHINKING, INC.
- Lease for 11,625 sq ft at 39300 Civic Center Dr, Fremont, CA; commencement Oct 1, 2021.
- Initial term 65 months; first 5 months rent-free; then monthly base rent $33,712.50, 3% annual escalator.
- Option to renew for additional 60 months; renewal rent at greater of end-of-term base rent or fair market value plus 3% annual increase.
- Company also responsible for share of operating and tax expenses of the building.