other material
confidence high
sentiment neutral
materiality 0.30
Integrated Biopharma subsidiary leases 12,500 sq ft warehouse for 5 years
INTEGRATED BIOPHARMA INC
- Lease effective Dec 1, 2022 with Elizabeth Industrial Park, LLC through Nov 30, 2027.
- First-year rent $118,800, escalating to $134,400 in year five.
- Additional rent of at least $1,300/month for pro-rata share of operating expenses.
- Integrated Biopharma provides irrevocable guarantee of all lease obligations.