AeroVironment extends Simi Valley lease through May 2029; monthly rent ~$115K to ~$141K

AeroVironment Inc

Extended lease term 47 months to May 31, 2029 from prior June 30, 2025 expiration.
Monthly base rent escalates from $115,591 (Nov 2023) to $140,634 (final period).
One optional five-year extension at 4% annual increase or fair market value.
Landlord is BCORE DEFENDER CA1W03, LLC for premises at 85 Moreland Road, Simi Valley.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

AeroVironment Inc amended First Amendment to Lease with BCORE DEFENDER CA1W03, LLC valued at extended term through May 31, 2029; monthly base rent ranging from $0 to $140,634.49 (effective 2023-09-10).

Action: amendment
Agreement: lease
Counterparty: BCORE DEFENDER CA1W03, LLC
Value: extended term through May 31, 2029; monthly base rent ranging from $0 to $140,634.49
Effective: 2023-09-10

Exact text from the filing

On October 10, 2023, AeroVironment, Inc. ("AeroVironment") entered into a First Amendment to Lease (the “First Amendment”) with an effective date of September 10, 2023, to amend its existing lease (the “Lease”) with BCORE DEFENDER CA1W03, LLC (the “Landlord”) for certain premises located at 85 Moreland Road, Simi Valley, CA 93065 (“Premises”).

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AeroVironment Inc filing history →

Source: SEC EDGAR

accession 0001104659-23-108854

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