other material
confidence high
sentiment neutral
materiality 0.45
Janux Therapeutics enters 126-month lease for ~47,300 sq ft lab/office space in San Diego
Janux Therapeutics, Inc.
- Lease for 47,300 sq ft at 10955 Vista Sorrento Pkwy, San Diego; commencement July 1, 2022.
- Base rent $271,952/month first year, with 6 months abated; 3% annual escalations thereafter.
- Tenant improvement allowance of ~$10.64 million from landlord.
- Letter of credit requirement of $815,856, reducible by 50% after 54 months.
- Term of 126 months; space for office, lab, vivarium, and R&D use.