Data Storage Corp subleases Melville office through Oct 2029; annual rent $143k

Data Storage Corp

Sublease term from April 1, 2024 to October 30, 2029; effective March 25, 2024 upon landlord consent.
Annual minimum rent $143,173, payable monthly at $11,931.08; rent increases 3.5% per annum.
First six months of rent abated (free rent period).
Security deposit of $23,862.17 required.
Sublessee responsible for its own insurance, repairs, and certain additional charges under Prime Lease.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Data Storage Corp entered into Sublease Agreement with Sentinel Benefits Group, LLC and Sentinel Benefits Group, Inc. valued at $143,173.00 (effective 2024-01-17).

Action: entry
Agreement: lease
Counterparty: Sentinel Benefits Group, LLC and Sentinel Benefits Group, Inc.
Value: $143,173.00
Effective: 2024-01-17

Exact text from the filing

Data Storage Corporation (the “Company”) entered into Sublease Agreement, dated as of January 17, 2024, with Sentinel Benefits Group, LLC, a Delaware limited liability company, and Sentinel Benefits Group, Inc., a Massachusetts corporation (the “Sublease Agreement”), to sublease certain office space in Melville, NY, which Sublease Agreement became effective March 25, 2024 upon receipt of the consent to the Sublease Agreement from the landlord of the subject property.

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Source: SEC EDGAR

accession 0001731122-24-000517

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