Mercury Computer Systems Announces $26.5 Million Sale Leaseback of HQ in Chelmsford, MA

Mercury Computer Systems Web Site - April 23, 2007

Mercury Computer Systems, Inc. (NASDAQ: MRCY) announced the completion of the sale and leaseback of its property located in Chelmsford, MA. The company received net cash proceeds of approximately $26.5 million from the sale of the property. The transaction includes a leaseback agreement with an initial term of 10 years, plus multiple renewal options. The property will continue to house Mercury’s corporate headquarters.


April 23, 2007 8-K Filing The annual rent for the first five years is $1,945,933.50 (7.35% cap rate) and increases by 10% for the remaining five years. The company also delivered a security deposit in the form of a $3,000,000 standby letter of credit which will remain in effect for the entire term of the lease. Sphere: Related Content