Company: SQFTP
Filing Date: 2025-10-28
Form Type: DRS
Source: 0001493152-25-019889
Chunk: 6

Company: Presidio Property Trust, Inc.
Filing Date: 2025-10-28
Form: DRS
Chunk 6
---
 $1.1 million in a reserve account with our lender to cover future mortgage payments, if necessary, none of which has been used as        
 of December 31, 2023. Our management team is working to fill the 45,535 square foot space and has leased approximately 54% of the        
 space as of February 2025 and has reviewed various proposals for the remaining 46%.                                                      |
| (6) | A                                                                                                                                        
 portion of the proceeds from the sale of Highland Court were used in like-kind exchange transactions pursued under Section 1031 of       
 the Code for the acquisition of our Mandolin property. Mandolin is owned by NetREIT Palm Self-Storage LP, through its wholly owned       
 subsidiary NetREIT Highland LLC, and the Company is the sole general partner and owns 61.3% of NetREIT Palm Self-Storage LP.             |

| 2 |

For additional information about annual base rent for our commercial properties, please see “Annualized Base Rent Per Square Foot for Last Three Years” in our “Business and Property” section.

Model Home Portfolio

Our model home division utilizes newly-built single family model homes as an investment vehicle. Our model home division purchases model homes from, and leases them back to, homebuilders as commercial tenants on a triple-net basis. These triple-net investments in which the commercial homebuilders bear the expenses of operations, maintenance, real estate taxes and insurance (in addition to defraying monthly mortgage payments), alleviate significant cost and risk normally associated with holding single family homes for speculative sale or for lease to residential tenants.

The following table shows a list of our Model Home properties by geographic region as of June 30, 2025:

| Geographic 
 Region     |     | No.           
 of Properties |    |     | Aggregate   
 Square Feet |         |     | Approximate % 
 of            
 Square Feet   |       |   |     | Current Base 
 Annual Rent  |           |     | Approximate of 
 Aggregate      
 %              
 Annual Rent    |       |   |
|:-----------|:----|:--------------|---:|:----|:------------|--------:|:----|:--------------|------:|:--|:----|:-------------|----------:|:----|:---------------|------:|:--|
| Alabama    |     |               | 10 |     |             |  23,835 |     |               |   9.2 | % |     | $            |   347