Company: SQFTP
Filing Date: 2025-12-15
Form Type: S-11
Source: 0001493152-25-027787
Chunk: 32

Company: Presidio Property Trust, Inc.
Filing Date: 2025-12-15
Form: S-11
Chunk 32
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 our Grand Pacific Center property and entered into 
 a construction loan related to the tenant improvement associated with the KLJ Engineering LLC lease to occupy 33,296 square feet     
 of the building. The refinanced loan is for approximately $3.8 million, a term of 10 years, with an interest rate of 6.35%, for the  
 first 60 months. The interest rate is subject to reset in year five on June 10, 2028. The construction loan is for approximately     
 $2.7 million, a term of 10 years, and will begin amortizing in year three, with an interest rate of 6.35%, for the first 60 months.  
 The interest rate is subject to reset in year five on June 10, 2028. As of December 31, 2024, we had fully drawn down the            
 loan amount of approximately $2.7 million on the construction loan.                                                                  |
| (6) | This                                                                                                                                 
 mortgage loan matures within the next twelve months and management is reviewing various options for the loan maturity, including     
 but not limited to refinancing, restructuring and or selling this property. We have begun exploring options for the Shea Center      
 II loan which matures in January 2026, although there can be no guarantee we will be successful in refinancing the property.         |
| (7) | As                                                                                                                                   
 of September 30, 2025, there were five model homes included as real estate assets held for sale. Our model homes have stand-alone    
 mortgage notes at interest rates ranging from 5.94% to 8.0% per annum as of September 30, 2025.                                      |

The Company believes that it is in compliance with all material conditions and covenants of its mortgage notes payable, except of the maturity default of the Dakota Center loan as noted above.

Scheduled principal payments of mortgage notes payable were as follows as of September 30, 2025:

| Years ending December 31: |     | Commercial    
 Properties    
 Notes Payable |            |     | Model         
 Homes         
 Notes Payable |            |     | Total Principal 
 Payments        |            |
|:--------------------------|:----|:--------------|-----------:|:----|:--------------|-----------:|:----|:----------------|-----------:|
| 2025                      |     | $             |  8,864,250 |     | $             |  1,505,386 |     | $