Company: SQFTP
Filing Date: 2025-08-25
Form Type: 424B3
Source: 0001493152-25-012275
Chunk: 73

Company: Presidio Property Trust, Inc.
Filing Date: 2025-08-25
Form: 424B3
Chunk 73
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 from subleasing of substantially all of such property, to the extent that the rents paid by the subtenants would qualify as rents        
 from real property if we earned such amounts directly;                                                                                   |
| ● | Neither we nor an actual                                                                                                                 
 or constructive owner of 10% or more of our capital stock actually or constructively owns 10% or more of the interests in the assets     
 or net profits of a non-corporate tenant, or, if the tenant is a corporation, 10% or more of the total combined voting power of all      
 classes of stock entitled to vote or 10% or more of the total value of all classes of stock of the tenant. Rents we receive from         
 such a tenant that is a taxable REIT subsidiary of ours, however, will not be excluded from the definition of “rents from real           
 property” as a result of this condition if at least 90% of the space at the property to which the rents relate is leased to              
 third parties, and the rents paid by the taxable REIT subsidiary are substantially comparable to rents paid by our other tenants         
 for comparable space. Whether rents paid by a taxable REIT subsidiary are substantially comparable to rents paid by other tenants        
 is determined at the time the lease with the taxable REIT subsidiary is entered into, extended, and modified, if such modification       
 increases the rents due under such lease. Notwithstanding the foregoing, however, if a lease with a “controlled taxable REIT             
 subsidiary” is modified and such modification results in an increase in the rents payable by such taxable REIT subsidiary,               
 any such increase will not qualify as “rents from real property.” For purposes of this rule, a “controlled taxable                       
 REIT subsidiary” is a taxable REIT subsidiary in which the parent REIT owns stock possessing more than 50% of the voting power           
 or more than 50% of the total value of the outstanding stock of such taxable REIT subsidiary;                                            |

| 49 |

| ● | Rent attributable to personal                                                                                                             
 property, leased in connection with a lease of real property, is not greater than 15% of the total rent received under the lease.         
 If this condition is not met, then the portion of the rent attributable to personal property will not qualify as “rents from              
 real property.” To the extent that rent attributable to personal property, leased in connection with a lease of real property,            
 exceeds 15% of the total rent received under the lease, we may transfer