other material
confidence high
sentiment neutral
materiality 0.35
PCS Edventures enters 62-month lease for warehouse in Meridian, Idaho
PCS Edventures!, Inc.
- Leased 20,880 sq ft warehouse at 1135 N. Hickory Ave, Meridian, ID for fulfillment, R&D, QC, and photography.
- No rent for first 2 months; total base rent over 62 months approx. $997,693.
- Monthly payments start Dec 2024 at $15,660, escalating to $17,625 by Dec 2028.
- Option to extend for two additional 5-year terms at 103% of prior year rent, subject to owner approval.
- Company responsible for operating expenses, insurance ($1M liability), and property taxes.