Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 1921

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 1921
---
31,752

     3.9
     %

     724,453

     6.1
     %

      North Dakota 

     4

     399,113

     48.4
     %

     3,565,621

     29.9
     %

      Texas 

     1

     10,500

     1.3
     %

     342,692

     2.9
     %

      Total 

     12

     823,417

     100.0
     %
      
     $
     11,940,998

     100.0
     %

      58

The following table shows a list of our Model Home Properties by geographic region as of December 31, 2024:

      State 
      
      No. of Properties 

      Aggregate Square Feet 

      Approximate % of Square Feet 

      Current Base Annual Rent 

      Approximate % of Aggregate Annual Rent 

      Arizona 

     2

     6,822

     2.9
     %
      
     $
     149,196

     4.4
     %

      Florida 

     3

     8,199

     3.4
     %

     136,812

     4.1
     %

      Texas 

     73

     221,934

     93.7
     %

     3,086,580

     91.5
     %

      Total 

     78

     236,955

     100.0
     %
      
     $
     3,372,588

     100.0
     %

LIQUIDITY AND CAPITAL RESOURCES

Overview

Our anticipated future sources of liquidity may include existing cash and cash equivalents, cash flows from operations, refinancing of existing mortgages, future real estate sales, new borrowings from our model home lines of credit, and the sale of our equity or issuance of debt securities or bonds.   Our cash and restricted cash at December 31, 2024 was approximately  $8.0 million. Our future capital needs include paying down existing borrowings, maintaining our existing properties, funding tenant improvements, paying lease commissions (to the extent they are not covered by lender-held reserve deposits), and the payment of dividends to our stockholders. We also are actively seeking model home investments that are likely