Company: SQFTP
Filing Date: 2025-03-14
Form Type: 8-K
Source: 0001493152-25-010400
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Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-14
Form: 8-K
Item: Item 2.04
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Item
2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.

On March 13, 2025, Presidio Property Trust, Inc.
(the “ Company”) received notice of a maturity date default of a loan in the original principal amount of $11.1
million evidenced by a promissory note issued on June 9, 2014. The loan is secured by the Dakota Center in Fargo, North Dakota. The Company
is working with the lender and special servicer to sell the property and settle the non-recourse debt.

As a result of the default, the Company
is required to pay the default interest rate that is 5% above the original interest rate and the lender’s expenses related to
the loan, including third party report fees, attorneys’ fees and loan servicing expenses.

SIGNATURE

Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

  PRESIDIO PROPERTY TRUST, INC.                               
  By:                                /s/ Ed Bentzen           
  Name:                              Ed Bentzen               
  Title:                             Chief Financial Officer  

Dated:
March 13, 2025