ALPHA PRO TECH LTD
For the period ended Dec 31, 2023. Filed Mar 13, 2024.
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FY2023 · Filed Mar 13, 2024
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Item 2. Properties
The Company’s principal executive office is located at 53 Wellington Street East, Aurora, Ontario, Canada, L4G 1H6. The approximate monthly rent is $6,600 for 2,568 square feet under a lease which expires August 31, 2026. Working out of the principal executive office are the President and Chief Executive Officer, Lloyd Hoffman, and the Chief Financial Officer, Colleen McDonald.
The Building Supply segment manufacturing facility is located in Valdosta, Georgia. The approximate average monthly rent is $39,000 for 165,400 square feet. This lease expires on December 31, 2034.
The Disposable Protective Apparel segment has its cutting operation, warehousing and shipping facility in Nogales, Arizona. The approximate monthly rent is $30,600 for 60,000 square feet. This lease expired on December 31, 2023. The Disposable Protective Apparel segment also has an additional warehousing facility located in Nogales, Arizona. The approximate monthly rent is $6,600 for 16,500 square feet, the lease expired in February 2024. We will remain in these two locations as we transition to our new leased space in Nogales Arizona beginning in March of 2024. Our new space is 137,500 square feet, approximate monthly rent is $ 76,000 and expires on February 28, 2029.
The Company manufactures its surgical face masks at a facility located in Salt Lake City, Utah. The monthly rent is $19,200 for 34,500 square feet. This lease expires on July 31, 2024. We will not be renewing this lease as we will be moving our face mask facility to our new Nogales, Arizona leased space.
The Company believes that these arrangements are suitable and adequate for its present needs and that other premises, if required, are readily available.
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