Item 2. Properties
ITEM 2. PROPERTIES
The
Company has the following properties:
The
Company has its corporate headquarters in Hauppauge, New York as part of the office and warehouse space discussed below.
The
Company’s Industrial Services segment owns approximately (i) 25,000 square feet of warehouse space in Manchester, PA (ii) approximately
43,000 square feet of office and warehouse space in York, PA (iii) approximately 33,500 square feet of office and warehouse space and
0.71 acres of land in a non-contiguous lot utilized for outdoor storage space in Columbia, PA. The Industrial Services segment also leases
approximately 15,500 square feet of warehouse space in Emigsville, PA from a third party in a three-year lease at a monthly rent of $5,099
expiring on August 31, 2025.
The
Company’s Security segment leases (i) approximately 6,700 square feet of office and warehouse space in Pune, India from a third
party in an five year lease at a monthly rent of $6,048 (INR504,150) expiring on February 28, 2027, (ii) approximately 30,000 square
feet of office and warehouse space in Hauppauge, NY from a third party in a seven-year lease at a monthly rent of $28,719 expiring on
March 31, 2027, (iii) approximately 911 square feet of office space in Clovis, CA on a month-to-month lease at a monthly rent of $4,930,
and (iv) approximately 9,400 square feet of office and warehouse space in Hampshire, England in a fifteen-year lease with at a monthly
rent of $9,821 (£7,669) which expires on March 24, 2031 and contains provisions to terminate in 2026.
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