| Business Summary | | Sarnia
Corporation
owns
and
operates
commercial
real
estate.
The
Company's
sole
asset
is
an
office
park
of
approximately
15.76
acres
located
in
Springfield,
Virginia
known
as
Versar
Center.
Versar
Center
consists
of
two
four-story
office
buildings,
the
6850
Building
(approximately
108,000
square
feet)
and
the
6800
Building
(approximately
110,000
square
feet).
The
principal
tenants
in
the
6800
Building
and
the
6850
Building
are
environmental
consultants,
government
agencies,
government
contractors,
a
computer
software
assembly
firm,
a
health
care
provider
organization
and
other
various
service
businesses
including
Versar
Inc.,
National
Capital
Preferred
Provider
Organization,
Inc.,
General
Services
Administration,
Cornet,
C-Cubed
Corporation
and
SAIC. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Sarnia
Corporation
is
an
owner
and
operator
of
commerical
real
estate.
The
Company's
sole
asset
is
an
office
park
of
approximately
18.3
acres
located
in
Springfield,
VA
known
as
Versar
Center.
For
the
nine
months
ended
3/31/01,
revenues
rose
4%
to
$2.7
million.
Net
income
applicable
to
Common
fell
47%
to
$375
thousand.
Results
reflect
higher
real
estate
rental
revenue
due
to
rent
escalation,
offset
by
$267
thousand
in
income
tax
expense
vs.
$362
thousand
in
benefits. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Benjamin Rawls, 59 Chairman | -- | Charles Judkins, Jr., 69 Pres
and CEO | $59K | William Denbo, 57 VP
and Gen. Mang. | 91K | Lawrence Sinnott, 38 Treasurer | -- | Dollar
amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|