PropertyJun 24, 2026, 04:12 PM
Quantum-Si Leases 54,374 Sq Ft for New San Diego HQ
AI Summary
Quantum-Si Inc. has entered into a new 10-year lease agreement for approximately 54,374 square feet of office, laboratory, and manufacturing space in San Diego, California. The new facility, commencing around September 1, 2027, will support the company's operations, including the Proteus™ platform development and expanded manufacturing capabilities. The agreement includes a significant tenant allowance of $17.1 million and a 20-month rent abatement period.
Key Highlights
- Leased 54,374 sq ft for new San Diego office, lab, and manufacturing space.
- 10-year lease term commences around September 1, 2027.
- Initial monthly base rent of $315,369.20 ($5.80/sq ft).
- Received $17,127,810 tenant allowance for improvements.
- Monthly base rent abated for the first 20 months.
- Paid $434,448.26 in prepaid rent upon execution.
- Provided $2,085,786.64 security deposit via letter of credit.
- Landlord to provide $19,475,890 letter of credit for improvements.
Price Impact
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