other material
confidence high
sentiment neutral
materiality 0.40
Orthofix enters new 12.5-year Carlsbad lease with total cost $34.6M
Orthofix Medical Inc.
- New lease effective April 1, 2025 for Carlsbad office (5770 Armada Drive); term through Oct 31, 2037.
- Monthly rent includes 3.5% annual increases; total pre-tax occupancy cost estimated $34.6M.
- Company also responsible for real estate taxes, insurance, utilities, and other expenses.
- Prior sublease terminated as of April 1, 2025.