other material
confidence high
sentiment neutral
materiality 0.65
aTyr Pharma enters 124-month lease for ~23,696 SF office/lab space in San Diego; $5.75/sqft base rent
aTYR PHARMA INC
- Lease term of 124 months starting April 1, 2023, with option to extend for 5 years.
- Base rent $5.75/sqft/month first year, escalating ~3% annually.
- Tenant improvement allowance of $5,450,080; optional additional $592,400 at 8% amortization.
- Security deposit of $732,680 in form of letter of credit.
- Premises at 10240 Sorrento Valley Road for office, lab, R&D uses.