IRIDEX signs 90-month lease for new San Jose headquarters, commits to $646K annual rent

Filed March 13, 2026 · Period ending March 9, 2026 · ~1 min read

Key Changes

• medium

  IRIDEX leased 30,784 sq ft at 5215 Hellyer Avenue, San Jose as new corporate headquarters starting July 1, 2026. Triple net lease runs 90 months with option to extend 60 more months.

  Item 1.01 verify on EDGAR →
• medium

  Annual rent starts at $646,464 after six-month abatement, rises to $665,857 in year two, then increases 3% annually. Company also pays its share of operating expenses, taxes, and utilities.

  Item 1.01 verify on EDGAR →
• low

  Extension option allows IRIDEX to stay another 60 months at greater of prior rent or market rate, providing long-term flexibility while protecting landlord from below-market terms.

  Item 1.01 verify on EDGAR →