Vaxcyte expands HQ by assuming 36,593 sq ft lease at 825 Industrial Road, San Carlos

Vaxcyte, Inc.

Assumed lease from Codexis for ~36,593 rentable sq ft at 825 Industrial Road, San Carlos.
Lease term expires November 30, 2031; base rent starts at $5.85/sq ft/month with 3% annual increases.
Three-month rent abatement after effective date (expected ~October 1, 2023).
Company to provide $220,656 letter of credit as security deposit.
This expansion supplements existing 77,734 sq ft Vaxcyte headquarters lease at the same building.

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

Vaxcyte, Inc. entered into Assignment and Assumption of Lease Agreement with Codexis, Inc. valued at initial monthly base rent of $5.85 per rentable square foot (approximately 36,593 rentable square fe (effective 2023-10-01).

Action: entry
Agreement: lease
Counterparty: Codexis, Inc.
Value: initial monthly base rent of $5.85 per rentable square foot (approximately 36,593 rentable square fe
Effective: 2023-10-01

Exact text from the filing

On September 1, 2023, Vaxcyte, Inc. (the “Company”) entered into an assignment and assumption of lease agreement (the “Assignment Agreement”) with Codexis, Inc. (the “Assignor”) for the purposes of expanding the Company’s headquarters located at 825 Industrial Road in San Carlos, California (the “Building”).

View on SEC.gov

Browse all material agreements →

Vaxcyte, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-230628

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.