Quantum-Si signs 10-year lease for 54,374 sq ft San Diego facility; $315/sq ft tenant improvement allowance

Quantum-Si Inc

Lease for 54,374 sq ft at 9955 Pacific Heights Blvd, San Diego; initial monthly base rent $315,369 ($5.80/sq ft) with 3% annual escalations.
Rent abated for first 20 months; term 120 months starting on or before Nov 1, 2027.
Landlord provides tenant improvement allowance of up to $17.1M ($315/sq ft) and a $19.5M letter of credit to fund construction.
Lease supports Proteus platform development and expanded manufacturing; transition from existing San Diego lease expiring Dec 31, 2027.
Security deposit of ~$2.1M in letter of credit; prepaid rent of $434,448.

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