ClearPoint Neuro signs 10-year lease for 19,462 sq ft Carlsbad facility

ClearPoint Neuro, Inc.

Lease commences June 1, 2023; ends May 31, 2033; base rent $36,977.80/month.
Annual rent escalates 3.5%; two extension options (36 or 60 months) at fair market value.
Tenant responsible for insurance, operating, and tax costs; facility is office and manufacturing.

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

ClearPoint Neuro, Inc. entered into Lease Agreement with Hedda Marosi Living Trust and the Stella Feder Trust valued at $36,977.80 per month (effective 2022-11-04).

Action: entry
Agreement: lease
Counterparty: Hedda Marosi Living Trust and the Stella Feder Trust
Value: $36,977.80 per month
Effective: 2022-11-04

Exact text from the filing

On November 4, 2022, ClearPoint Neuro, Inc. (“Company”), entered into a lease agreement (the “Lease Agreement”) with the Hedda Marosi Living Trust and the Stella Feder Trust (collectively, the “Lessor”), pursuant to which the Lessor leases to the Company an approximately 19,462 square foot industrial building located at 6349 Paseo Del Lago, Carlsbad, CA 92011 (the “Leased Premises”).

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ClearPoint Neuro, Inc. filing history →

Source: SEC EDGAR

accession 0001285550-22-000071

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