Company: SQFTP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001437749-25-034461
Chunk: 133

Company: Presidio Property Trust, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 133
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)   December 2014   Colorado Springs, CO   —   8,922,943 
 West Fargo Industrial   August 2015   Fargo, ND   6,402,255   6,599,953 
 300 N.P.   August 2015   Fargo, ND   1,982,030   1,963,000 
 Research Parkway (3)   August 2015   Colorado Springs, CO   —   2,220,284 
 One Park Center   August 2015   Westminster, CO   5,607,617   5,580,950 
 Shea Center II (4)   December 2015   Highlands Ranch, CO   17,969,697   18,820,370 
 Mandolin (5)  August 2021  Houston, TX   4,531,779   4,600,562 
 Baltimore   December 2021   Baltimore, MD   8,072,924   8,241,456 
 Commercial properties        74,241,889   90,180,500 
 Model Home properties (6)  2019 - 2025  AZ, TN, TX, AL   39,040,072   37,416,000 
 Total real estate assets and lease intangibles, net       $113,281,961  $127,596,500 

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    (1)  Genesis Plaza is owned by two tenants-in-common, NetREIT Genesis and NetREIT Genessis II, each of which own 57% and 43%, respectively, and we beneficially own an aggregate of 92.0%, based on our ownership of each entity.  We have 100% ownership of NetREIT Genesis and 81.5% ownership of NetREIT Genesis II, and we have control of both entities.  During  July 2024, the Company completed a minority ownership conversion option as result of a death in a noncontrolling trust within NetREIT Genesis II.  The Company issued the trust 78,215 shares of SQFT Series A Common Stock in exchange for their 36.4% ownership in NetREIT Genesis II, as per the original exchange agreement.   
(2) The non-recourse loan on the Dakota Center property matured on  July 6, 2024. During  December