Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 770

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 770
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2024 Tenant 

      Number of Leases 

      Annualized Base Rent 

      % of Total Annualized Base Rent 

      John Hopkins University 

     1

     724,453

     6.07
     %

      Finastra USA Corporation 

     1

     543,600

     4.55
     %

      KLJ Engineering LLC 

     1

     536,080

     4.49
     %

      MasTec North America, Inc. 

     1

     371,106

     3.11
     %

      L&T Care LLC 

     1

     342,692

     2.87
     %

      Wells Fargo Bank, NA 

     1

     300,838

     2.52
     %

      Republic Indemnity of America 

     1

     278,831

     2.34
     %

      Nova Financial & Investment Corporation 
      
      (1) 

     1

     275,071

     2.30
     %

      Meissner Commercial Real Estate Services 
      
      (2) 

     1

     270,015

     2.26
     %

      Fredrikson & Byron P.A. 

     1

     249,270

     2.09
     %

     $
     3,891,956

     32.60
     %

     (1)
      Nova Financial & Investment Corporation was subleasing to OnPoint Medical Group Holdings, LLC (“OnPoint”), until their lease expired in January 2025.  Since October 2024, OnPoint had also been directly leasing a 2,543 square foot space in our Shea Center building.  In January 2025, OnPoint took over 11,831 square foot space from Nova Financial & Investment Corporation, signing an additional 3-year lease for that space. 

     (2)
     Genesis Plaza's occupancy at December 31, 2024 was at 95.6%. During the year, the Company invested approximately $74 thousand in building and tenant improvements for the property, expanded the space for Meissner and extended the term of their lease to 2035, and reduced the space used by the Company.  On January 1, 2025, Meissner took possession of the expanded space and Genesis Plaza was 100