other material
confidence high
sentiment positive
materiality 0.45
BillionToOne enters 12-year lease for 62,659 sq ft oncology lab; base rent $46.7M
BillionToOne, Inc.
- Leased 62,659 sq ft office and lab space at 3260 Whipple Road, Union City, CA on June 23, 2026.
- Lab dedicated to oncology products, more than tripling current oncology-dedicated laboratory space.
- Lease expected to commence August 1, 2027; initial term 12 years with option to extend 10 years.
- Aggregate base rent over 12-year term approx $46.7M; Landlord provides $12.5M tenant improvement allowance and 12-month rent abatement.
- Total facility space expands ~16%; test volumes exceeded plan, driving need for additional capacity.