Item 2. Properties
Item 2.
Properties
As of February 4, 2022, Nobility owned one manufacturing plant as follows:
Location
Approximate Size
3741 SW 7th Street
Ocala, Florida
72,000 sq. ft.
Nobility’s Ocala facility is located on approximately 35.5 acres of land on which an additional two-story
structure adjoining the plant serves as Nobility’s corporate offices. The plant, which is of metal construction, is in good condition and requires little maintenance.
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Table of Contents
Prestige owns the properties on which it’s Ocala South, Ocala North, Auburndale, Inverness, Tavares, Panama City, Yulee and Punta Gorda, Florida retail sales centers are located. Prestige leases the property for its other two retail sales centers. The Company purchased the land for the Tavares retail sales center in January 2021 for $245,000, land in Ocala for a future retail sales center in February 2021 for $1,040,000 and the land for the Ocala South retail sales center in March 2021 for $500,000. In December 2017 Prestige executed a lease to open an eleventh retail sales center in north Florida and did not open the retail sales center due to the difficulty in obtaining homes from the manufacturing facility and the hiring of a sales staff. This lease expired in December 2021.
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