NAI extends Vista, CA manufacturing lease through Aug 2034; plans $2.3M solar system

NATURAL ALTERNATIVES INTERNATIONAL INC

Fourth Amendment extends lease 125 months (10 yrs 5 mos) from Apr 1, 2024 to Aug 31, 2034.
Base rent starts at $243,000/mo ($1.50/sq ft) for 162,000 sq ft, with 5 months abatement.
Tenant to install ~$2.3M solar electric system; Landlord reimburses up to $1.134M ($7/sq ft).
Existing $106,069 security deposit remains; one renewal option for 60 months available.
Substantial additional tenant improvements planned; Landlord funds 90% of allowance in progress payments.

item 1.01 item 9.01

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

NATURAL ALTERNATIVES INTERNATIONAL INC entered into Fourth Amendment to Lease (effective 2023-07-21).

Action: entry
Agreement: lease
Effective: 2023-07-21

Exact text from the filing

On July 21, 2023, Natural Alternatives International, Inc. (“NAI”) entered into a Fourth Amendment to Lease amending and extending the term of the lease of its Vista California manufacturing facilities.

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Source: SEC EDGAR

accession 0001437749-23-020535

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