Terms And Options
The lease is an extremely favorable lease that starts at fifty cents (.50) a square foot and the landlord has agreed to granting $100,000 toward facility upgrades. The property is 4,000 square feet and if you do the math the monthly rent is only $2,000. The term of the lease if 10 years with two 10 year options and first right of refusal to purchase. Doesn't get any better than that.