other
confidence high
sentiment neutral
materiality 0.25
Precision Optics extends lease for El Paso facility through May 2028
PRECISION OPTICS CORPORATION, INC.
- Lease extension for 9,375 sq ft at 1410 Gail Borden, El Paso, TX, effective June 1, 2025, ending May 31, 2028.
- Annual base rent: $49,219 (year 1), $50,695 (year 2), $52,216 (year 3); total monthly rent including CAM estimated at $5,773.
- Company remains responsible for taxes, insurance, and common area maintenance beyond base rent.
- Extension amends lease originally dated July 1, 2019, and previously renewed in February 2022.