Item 2. Properties
Item 2. Properties
The principal real properties of the Company are described in the following table:
Location
Approximate
Size
Ownership
Lone Star, Texas
Plant — Texas Tubular Products
161,000 sq. feet
Owned(1)
Offices — Texas Tubular Products
12,200 sq. feet
Owned(1)
Land — Texas Tubular Products
122.4 acres
Owned(1)
Longview, Texas
Offices
5,100 sq. feet
Leased(2)
Hickman, Arkansas
Plant and Warehouse — Coil Products
64,600 sq. feet
Owned(1)
Offices — Coil Products
2,500 sq. feet
Owned(1)
Land — Coil Products
26.2 acres
Owned(1)
Decatur, Alabama
Plant and Warehouse — Coil Products
48,000 sq. feet
Owned(1)
Offices — Coil Products
2,000 sq. feet
Owned(1)
Land — Coil Products
47.3 acres
Owned(1)
Sinton, Texas
Land — Coil Products
26.5 acres
Leased(3)
(1)
All of the Company’s owned real properties, plants and offices are held in fee and are not subject to any mortgage or deed of trust.
(2)
The office lease is with a non-affiliated party, expires on April 30, 2024, and requires a monthly rental payment by the Company of $4,878.
(3)
This lease is a 99 year lease with Steel Dynamics Inc. that calls for an annual rental payment of $1 and has an expiration date of February 19, 2120 .
Item 3. Legal Proceedings
The Company is not, and during fiscal year 2021 was not, a party to, nor is its property the subject of, any material pending legal proceedings.
4
PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.