other material
confidence high
sentiment neutral
materiality 0.55
Applied Optoelectronics signs 84-month, 38,897 sq ft lease in Duluth, GA
APPLIED OPTOELECTRONICS, INC.
- Initial monthly base rent $31,770.83 (months 1-12), increasing to $59,026.20 (months 73-84).
- Rent abated for first 24 months; calculated on 25,000 RSF (months 1-12) and 32,000 RSF (months 13-24).
- Landlord contributes up to $875,182.50 toward improvements; tenant pays $300,000 plus $200,000 for furniture.
- One-time option to extend for 5 years at fair market rent, subject to conditions.
- Security deposit of $59,026.20 delivered upon lease execution.