PropertyJun 24, 2026, 05:31 PM
Beam Global Leases 54,400 Sq Ft for Manufacturing in Yuma, AZ
AI Summary
Beam Global entered into a lease agreement for two adjacent industrial buildings in Yuma, Arizona, encompassing approximately 54,400 square feet. These facilities will support the company's office, warehouse, and manufacturing operations. The leases commence on July 15, 2026, and January 1, 2027, respectively, both expiring on July 31, 2031. The agreement also includes an exclusive option for Beam Global to purchase the premises for $4.5 million within the first year.
Key Highlights
- Leased two industrial buildings in Yuma, Arizona, totaling approximately 54,400 square feet.
- Premises to be used for office, warehouse, and manufacturing operations.
- Lease for 653 E. 20th Street commences July 15, 2026, for 5 years.
- Lease for 655 E. 20th Street commences January 1, 2027, for 4 years and 7 months.
- Both leases expire on July 31, 2031.
- Option to purchase the premises for $4,500,000 if exercised within the first 12 months.
- Monthly base rent for August 2030 – July 2031 is $30,596.39.
Price Impact
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