Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 613

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 15
Chunk 613
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 of  December 31, 2024 and 2023, we had a reimbursement receivable balance of approximately $12,376 and $52,879, which were paid in full during  January 2025 and  January 2024, respectively.

   16. SUBSEQUENT EVENTS

      The Company evaluated subsequent events and transactions that occurred after the balance sheet date through the date the financial statements were issued. Based upon this review, except as disclosed below, the Company did
     not identify any subsequent events that would have required adjustment or disclosure in the financial statements other than disclosed below.

      The sale of UTC and Research Parkway took place in
      February 2025, to a single buyer, for a combined sales price of
     $16.95 million, where the Company netted approximately
     $6.37 million in cash proceeds from the sale and additional funds post-closing from the lender reserve accounts. The commercial properties were purchased between
     2014 and
     2015 for approximately
     $14.1 million, with a combined book value of approximately
     $11.6 million prior to the sale, and the Company recorded a combined gain of approximately
     $4.0 million.

      During
      January, 
      February and
      March 2025, the Company has sold
     five model homes for a total of approximately
     $2.4 million.  The homes were purchased between
     2019 and 
     2023 with a total acquisition price of approximately
     $2.2 million. 

        F-
       38

   Presidio Property Trust, Inc. and Subsidiaries
   Schedule III - Real Estate and Accumulated Depreciation and Amortization – as of  December 31, 2024

     All amounts are in thousands       Initial Cost        Total Cost    (1 )                
 Property Name/ Location   Encumbrances    Land Cost    Building & Improvements    Acquisition Price    Capitalized Improvements    Land Cost    Building & Improvements    Total Cost    Accumulated Depreciation & Amortization    Reserve for Impairment    NBV Real Estate    Date Acquired    Year Built/ Renovated  
 Genesis Plaza, San Diego, CA  $5,814  $1,400  $8,600