Pro-Dex, through its Advanced Precision Machining subsidiary, has extended leases on its existing Costa Mesa facilities through September 2030 and added a larger industrial unit nearby. The arrangements preserve the company’s current office, manufacturing and warehouse space while expanding its leased footprint in Costa Mesa.
Key details
- Existing facilities extended: Three leases cover about 2,500 square feet at 1645, 1647 and 1649 Monrovia Avenue, which together serve as APM’s office, manufacturing and warehouse space. The renewals extend those leases through September 30, 2030.
- Rent increases at the existing sites: Beginning February 1, 2027, monthly base rent will be $5,651 each for 1647 and 1649 Monrovia Avenue, and $5,513 for 1645. On November 1, 2028, rent at each of the first two addresses rises by $227 to $5,878 a month; rent at 1645 rises by $365 to $5,878.
- New industrial space: APM also leased an approximately 5,800-square-foot industrial unit at 921-923 Newhall Street in Costa Mesa. The lease runs from November 1, 2026, through September 30, 2030.
- New-site rent schedule: Monthly base rent starts at $11,600 and rises to $12,064 on March 1, 2028, then to $12,547 on July 1, 2029.
- Combined base rent: From July 2029 through the end of the lease terms, the stated monthly base rents across the four locations total $30,181.
What changes
The additional Newhall Street unit increases APM’s leased Costa Mesa space from about 2,500 square feet to about 8,300 square feet. The existing facilities and the new unit are all under lease through September 2030, with scheduled rent increases over that period.