IRIDEX signs 90-month lease for new HQ in San Jose; annual rent starts at $646K

IRIDEX CORP

Lease of 30,784 sq ft at 5215 Hellyer Ave, San Jose, CA; term 90 months starting July 1, 2026.
Annual base rent: Year 1 $646,464 ($53,872/month) escalating ~3% annually.
Six-month rent abatement following commencement; tenant responsible for operating expenses, taxes, utilities.
Option to extend term for additional 60 months at greater of prior rent or market rent.
Security deposit of $132,500; lease is triple net.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

IRIDEX CORP entered into Lease with SFIII Hellyer, LLC and SFIII FOS Hellyer Holding, LLC valued at approximately $646,464 (effective 2026-03-09).

Action: entry
Agreement: lease
Counterparty: SFIII Hellyer, LLC and SFIII FOS Hellyer Holding, LLC
Value: approximately $646,464
Effective: 2026-03-09

Exact text from the filing

On March 9, 2026, IRIDEX Corporation (the “Company”) and SFIII Hellyer, LLC and SFIII FOS Hellyer Holding, LLC (the “Landlord”) entered into a triple net lease (the “Lease”)

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IRIDEX CORP filing history →

Source: SEC EDGAR

accession 0001193125-26-106190

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