SolarMax extends Riverside facility lease to 2033; annual rent starts at $1.86M

SolarMax Technology, Inc.

Lease at 3080 12th St, Riverside extended from Dec 31, 2026 to Dec 31, 2033; annual base rent escalates from $1,855,566 in 2026 to $2,282,112 in 2033.
Tenant and landlord split $535,100 restoration cost equally; tenant pays $267,550 over 60 months.
Tenant pays $180,000 for office-to-warehouse conversion; landlord provides $3,000/month rent credit for 60 months.
Temporary 10% rent reduction until restoration completion; additional 10% reduction if conversion not done by Jan 1, 2027.
Tenant acknowledges $269,952 due, payable in 16 monthly installments from Jan 2026.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

SolarMax Technology, Inc. amended Lease Amendment for Facilities at 3080 12th Street, Riverside, California with Unspecified Landlord valued at Annual base rent $1,855,566 for 2026 increasing annually to $2,282,112 for 2033 (effective 2026-01-28).

Action: amendment
Agreement: lease
Counterparty: Unspecified Landlord
Value: Annual base rent $1,855,566 for 2026 increasing annually to $2,282,112 for 2033
Effective: 2026-01-28

Exact text from the filing

On January 28, 2026, SolarMax Technology, Inc. (the “Company”), entered into an amendment to the lease for its facilities at 3080 12th Street, Riverside, California. The amendment extends the expiration date of the lease from December 31, 2026 to December 31, 2033.

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SolarMax Technology, Inc. filing history →

Source: SEC EDGAR

accession 0001640334-26-000212

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