PropertyOct 30, 2026, 04:22 PM
Precision Optics Leases 12,292 Sq Ft Facility for One Year
AI Summary
Precision Optics Corporation, Inc. has entered into a new one-year lease agreement for its existing facility located at 22-28 East Broadway, Gardner, Massachusetts. The lease, which commenced on July 1, 2026, covers approximately 12,292 rentable square feet and includes two one-year extension options. The monthly rent begins at $13,316.33 and is set to increase annually, with a 3.0% per annum increase after the initial term. The premises will be used for the design and manufacturing of optical components for various advanced industries.
Key Highlights
- Precision Optics Corporation, Inc. entered into a new one-year lease agreement for its existing location.
- The lease covers approximately 12,292 rentable square feet at 22-28 East Broadway, Gardner, Massachusetts.
- The lease term commenced on July 1, 2026, with an expiration date of June 30, 2027.
- Monthly rent starts at $13,316.33 and increases to $13,715.82 in 2027, with subsequent 3.0% annual increases.
- The lease includes two one-year extension options, exercisable with six months' prior notice.
- The permitted use of the premises is for the design and manufacturing of optical components for medical, industrial, aerospace, and military applications.
Price Impact
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