Company: SQFTP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001437749-25-034461
Chunk: 132

Company: Presidio Property Trust, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 132
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 million. 

   4. REAL ESTATE ASSETS
    
   The Company owns a diverse portfolio of real estate assets. The primary types of properties the Company invests in are office, industrial, retail, and triple-net leased model home properties.  We have three commercial properties located in Colorado, four in North Dakota, one in Southern California, one in Texas and one in Maryland. Our model home properties are located in four states. As of  September 30, 2025, the Company owned or had an equity interest in:
    
     •  Eight office buildings and one industrial property (“Office/Industrial Properties”) which total approximately 758,175 rentable square feet (unaudited); 
   
 •One retail building (“Retail Property”) with approximately 10,500 rentable square feet (unaudited); and
   
 • 84 model home residential properties (“Model Homes” or “Model Home Properties”), totaling approximately 250,281 square feet (unaudited), leased back on a triple-net basis to homebuilders, that are owned by four affiliated limited partnerships and one wholly-owned corporation, all of which we control.  As of  September 30, 2025, all of the model homes in Dubose Model Home Investors #202, LP and Dubose Model Home Investors #206, LP had been sold. 

   A summary of the properties owned by the Company, including their lease intangibles, as of  September 30, 2025 and  December 31, 2024 is as follows:

       17

       Date     Real estate assets and lease intangibles, net  
 Property Name   Acquired   Location   September 30, 2025    December 31, 2024  
 Genesis Plaza (1)   August 2010   San Diego, CA  $7,405,978  $7,363,571 
 Dakota Center (2)   May 2011   Fargo, ND   5,067,882   8,154,951 
 Grand Pacific Center   March 2014   Bismarck, ND   8,220,577   8,413,926 
 Arapahoe Center   December 2014   Centennial, CO   8,981,150   9,298,534 
 Union Town Center (3