Company: SQFTP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001437749-25-016828
Chunk: 118

Company: Presidio Property Trust, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 118
---
     •  Eight office buildings and one industrial property (“Office/Industrial Properties”) which total approximately 758,175 rentable square feet (unaudited); 
   
 •One retail building (“Retail Property”) which total approximately 10,500 rentable square feet (unaudited); and
   
 • 84 model home residential properties (“Model Homes” or “Model Home Properties”), totaling approximately 248,412 square feet (unaudited), leased back on a triple-net basis to homebuilders, that are owned by four affiliated limited partnerships and one wholly-owned corporation, all of which we control.  As of  March 31, 2025, all of the model homes in Dubose Model Home Investors #202, LP and Dubose Model Home Investors #206, LP had been sold. 

   A summary of the properties owned by the Company, including their lease intangibles, as of  March 31, 2025 and  December 31, 2024 is as follows:

       Date     Real estate assets and lease intangibles, net  
 Property Name   Acquired   Location   March 31, 2025    December 31, 2024  
 Genesis Plaza (1)   August 2010   San Diego, CA  $7,273,346  $7,363,571 
 Dakota Center (2)   May 2011   Fargo, ND   8,154,951   8,154,951 
 Grand Pacific Center   March 2014   Bismarck, ND   8,380,905   8,413,926 
 Arapahoe Center   December 2014   Centennial, CO   9,173,855   9,298,534 
 Union Town Center (3)   December 2014   Colorado Springs, CO   —   8,922,943 
 West Fargo Industrial   August 2015   Fargo, ND   6,531,693   6,599,953 
 300 N.P.   August 2015   Fargo, ND   2,026,816   1,963,000 
 Research Parkway (3)   August 2015   Colorado Springs, CO   —   2,220,284 
 One Park Center (4)   August 2015   Westminster, CO