Beam Global (BEEM) secures Yuma AZ industrial lease with $4.5M purchase option
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Beam Global has entered into a new lease agreement for two adjacent industrial buildings at 653 and 655 E. 20th Street in Yuma, Arizona, totaling about 54,400 square feet. The space will be used for office, warehouse and manufacturing operations.
The lease term for 653 E. 20th Street runs five years from July 15, 2026 to July 31, 2031, while 655 E. 20th Street runs four years and seven months from January 1, 2027 to July 31, 2031. Monthly base rent starts at $7,810.25 for July 15–31, 2026, then is abated to $0 from August 1 through December 31, 2026, and rises in steps from $27,184.50 to $30,596.39 per month through July 2031.
The company will also pay certain utilities, taxes, insurance and operating costs. The lease includes an exclusive option to purchase the premises, starting at $4,500,000 if exercised in the first 12 months, with the price increasing by 3% annually on each anniversary of the commencement date.
Positive
- None.
Negative
- None.
8-K Event Classification
3 items: 1.01, 2.03, 9.01
3 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Premises size: 54,400 square feet
Initial July 2026 base rent: $7,810.25 per month
Rent abatement period: $0.00 base rent
+5 more
8 metrics
Premises size
54,400 square feet
Total area of Yuma industrial buildings
Initial July 2026 base rent
$7,810.25 per month
July 15, 2026 – July 31, 2026 period
Rent abatement period
$0.00 base rent
August 1, 2026 – December 31, 2026
2027 base rent level
$27,184.50 per month
January 1, 2027 – July 31, 2027
Final base rent level
$30,596.39 per month
August 1, 2030 – July 31, 2031
Initial purchase option price
$4,500,000
If exercised in first 12 months of term
Purchase price escalation
3% annual increase
On each anniversary of commencement date
Lease end date
July 31, 2031
Expiration for both Yuma properties
Key Terms
Material Definitive Agreement, base rent, abated, option to purchase, +1 more
5 terms
Material Definitive Agreement regulatory
"Item 1.01. Entry into a Material Definitive Agreement."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
base rent financial
"The aggregate monthly base rent payable under the Lease over the term is set forth below"
The fixed minimum rent a tenant pays under a lease before any extra charges or variable fees; think of it as the subscription price for a space, separate from add‑ons like utilities, maintenance, or a share of property taxes. Investors watch base rent because it sets the predictable, recurring income stream that determines a property's immediate cash flow and helps value the asset, while extras and escalations affect total returns and risk.
abated financial
"August 1, 2026 – December 31, 2026 | $0.00 (abated)"
option to purchase financial
"The Lease grants the Company an exclusive option to purchase the Premises at any time during the term."
operating costs financial
"the Company is responsible for additional payments including a portion of certain utility expenses, taxes, insurance and operating costs."
Operating costs are the regular expenses a business incurs to run day-to-day activities—things like wages, rent, utilities, supplies and routine maintenance. Think of them as a household’s monthly bills that must be paid to keep the lights on and operations moving; lower or well-controlled operating costs free up cash and raise profit margins, while rising costs squeeze profits and can change an investment’s appeal.
FAQ
What new facility lease did BEEM enter into in June 2026?
Beam Global entered a lease for two adjacent industrial buildings in Yuma, Arizona totaling about 54,400 square feet, to support office, warehouse and manufacturing operations under multi‑year terms ending July 31, 2031.
What are the key lease terms for Beam Global’s Yuma properties (BEEM)?
The 653 E. 20th Street lease runs from July 15, 2026 to July 31, 2031. The 655 E. 20th Street lease runs from January 1, 2027 to July 31, 2031, with scheduled base rent increases over the term.
How much rent will Beam Global (BEEM) pay under the new Yuma lease?
Monthly base rent is $7,810.25 for July 15–31, 2026, then $0 from August 1 to December 31, 2026. It then ranges from $27,184.50 to $30,596.39 per month through July 31, 2031.
Does Beam Global’s new lease include a purchase option for the Yuma site?
Yes. Beam Global has an exclusive option to purchase the premises for $4,500,000 if exercised in the first 12 months, with the purchase price increasing by 3% on each anniversary of the commencement date.
What additional costs besides base rent will BEEM pay for the Yuma facilities?
In addition to fixed base rent, Beam Global is responsible for certain utility expenses, taxes, insurance and operating costs associated with the Yuma premises, adding to the overall occupancy cost of the facilities.
Why is Beam Global (BEEM) leasing the Yuma, Arizona properties?
Beam Global intends to use the leased premises in Yuma, Arizona for office, warehouse and manufacturing operations, expanding its physical footprint to support its business activities over the multi‑year lease term.