Company: SQFTP
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026786
Chunk: 60

Company: Presidio Property Trust, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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 the lease intangible assets included in real estate assets held for sale.
    
   The net value of acquired intangible liabilities was approximately $5,803 and $8,625 relating to below-market leases at  June 30, 2025 and  December 31, 2024, respectively.
    
   Future aggregate approximate amortization expense for the Company's lease intangible assets is as follows:

     Years ending December 31:     
 2025  $6,910 
 2026   4,104 
 Total  $11,014 

   6. OTHER ASSETS
    
   Other assets consist of the following:

       June 30,    December 31,  
   2025    2024  
 Deferred rent receivable  $1,880,640  $2,126,609 
 Prepaid expenses, deposits and other   956,919   406,494 
 Notes receivable   316,374   316,374 
 Accounts receivable, net   211,921   463,194 
 Right-of-use assets, net   51,913   64,026 
 Total other assets  $3,417,767  $3,376,697 

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   7. MORTGAGE NOTES PAYABLE
    
   Mortgage notes payable consist of the following:

       Principal as of           
   June 30,    December 31,   Loan   Interest      
 Mortgage note property   2025    2024   Type   Rate (1)    Maturity  
 Dakota Center (2)  $8,873,095  $9,091,395  Fixed   4.74%  7/6/2024  
 Research Parkway (3)  -  1,526,860  N/A  N/A  N/A 
 Arapahoe Service Center   8,670,000   8,670,000  Fixed   6.75%  12/5/2029  
 Union Town Center (3)  -  7,709,746  N/A  N/A  N/A 
 One Park Centre (6)   5,854,250   5,919,517  Fixed   4.77