Lextract extracted 126 fields from Northann's 106,000 RSF Inland Empire warehouse lease: CPI escalation with floor/ceiling, early termination right, and complex fee formula.
By Angel Campa, Founder · Updated March 2026
Location
Fontana, CA
Size
106,000 RSF
Annual Rent
$1.7M/yr
Term
72 months
Tenant
Northann Corp
Landlord
ProLogis
At 106,000 RSF, this is the largest warehouse in the extraction corpus by area. The lease contains multiple rent escalation schedules tied to CPI with a fixed floor and ceiling, and a complex early termination right exercisable in year 4 with a substantial termination fee formula.
Lextract extracted the full CPI escalation provisions including the floor (3%) and ceiling (6%), the termination right details (effective date: month 49, notice period: 12 months), and computed the termination fee formula. All 126 fields were extracted from this high-complexity large-format warehouse lease.
126
Fields Extracted
Under 3 minutes
Extraction Time
| Field | Extracted Value | Why It Matters |
|---|---|---|
| Square Footage | 106,000 RSF | Largest warehouse in portfolio — scale increases exposure on all NNN items |
| Annual Base Rent | $1,696,000 | $16/RSF NNN — Inland Empire market rate for Class A warehouse |
| Escalation Type | CPI with 3% floor / 6% ceiling | Bounded CPI allows modeling of best/worst case scenarios |
| Early Termination Right | Month 49 with 12-month notice | Creates lease risk at year 4 — monitor for exercise notice |
| Termination Fee | Unamortized TI + 6 months rent | Substantial fee creates deterrent to early exit |
| Dock Doors | 32 dock-high, 4 grade-level | Critical for industrial tenants evaluating operations fit |
Lextract identifies the escalation type, extracts the CPI index referenced (usually CPI-U or CPI-W), and captures the floor and ceiling percentages as separate fields, enabling analysts to model minimum and maximum rent scenarios.
Lextract extracts the termination effective date, required notice period, termination fee formula, and any conditions (e.g., tenant not in default). These fields are flagged with high importance in the red flag analysis.
A complete reference for commercial lease financial terms. Covers base rent, escalations, NNN vs gross, TI allowances, and percentage rent with examples.
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