Precision Optics enters 8-year lease for 8,750 sq ft in South Portland, ME

PRECISION OPTICS CORPORATION, INC.

Initial term of 8 years with two 5-year renewal options; base rent abated first 5 months.
Annual base rent starts at $131,250 (monthly $10,937.50), escalating 3% annually.
Tenant to pay 19.34% share of operating expenses; triple net lease structure.
Anticipated commencement date August 1, 2025; Landlord must deliver by Sept 1, 2025 to avoid rent abatements.
Landlord to perform interior wall construction, loading area, and separate utility metering.

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