Company: SQFTP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001437749-25-034461
Chunk: 136

Company: Presidio Property Trust, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 136
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4,090,362) $19,777 

   At  September 30, 2025 and  December 31, 2024, there were no gross lease intangible assets and accumulated amortization related to the lease intangible assets included in real estate assets held for sale.
    
   The net value of acquired intangible liabilities was approximately $4,560 and $8,625 relating to below-market leases at  September 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  $2,529 
 2026   4,104 
 Total  $6,633 

   6. OTHER ASSETS
    
   Other assets consist of the following:

       September 30,    December 31,  
   2025    2024  
 Deferred rent receivable  $1,810,958  $2,126,609 
 Prepaid expenses, deposits and other   754,540   406,494 
 Notes receivable   316,374   316,374 
 Accounts receivable, net   443,506   463,194 
 Deferred offering costs   79,170   — 
 Right-of-use assets, net   45,733   64,026 
 Total other assets  $3,450,281  $3,376,697 

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

       Principal as of           
   September 30,    December 31,   Loan   Interest      
 Mortgage note property   2025    2024   Type   Rate (1)    Maturity  
 Dakota Center (2)  $8,739,687  $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