Company: SQFTP
Filing Date: 2025-10-28
Form Type: DRS
Source: 0001493152-25-019889
Chunk: 23

Company: Presidio Property Trust, Inc.
Filing Date: 2025-10-28
Form: DRS
Chunk 23
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 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. While geographical clustering of real estate enables us to reduce our operating costs through economies of scale by servicing several properties with less staff, it makes us susceptible to changing market conditions in these discrete geographic areas. We do not develop properties but acquire properties that are stabilized or that we anticipate will be stabilized within two or three years of acquisition. We consider a property to be stabilized once it has achieved an 80% occupancy rate for a full year as of January 1 of such year or has been operating for three years.

Our policy is to obtain insurance coverage for each of our properties covering loss from liability, fire, and casualty in the amounts and under the terms we deem sufficient to insure our losses. Under tenant leases on our commercial and retail properties, we require our tenants to obtain insurance to cover casualty losses and general liability in amounts and under terms customarily obtained for similar properties in the area.

| 14 |

Commercial Portfolio

As of June 30, 2025, our commercial portfolio had a net book value of approximately $73.7 million, and consisted of the following properties:

| ($                                      
 in thousands) Property Location         
 Office/Industrial Properties:           |     | Sq., 
 Ft.  |         |     | Date Acquired |       |     | Year Property Constructed |           |     | Purchase 
 Price    |        |     | Occupancy |       |   |     | Percent Ownership |       |   |     | Mortgage    
 On property |        |
|:----------------------------------------|:----|:-----|--------:|:----|:--------------|:------|:----|:--------------------------|----------:|:----|:---------|-------:|:----|:----------|------:|:--|:----|:------------------|------:|:--|:----|:------------|-------:|
| Genesis Plaza, San Diego, CA (1)        |     |      |  57,807 |     |               | 08/10 |     |                           |      1989 |     | $        | 10,000 |     |           | 100.0 | % |     |                   |  92.0 | % |     | $           |  5,749 |
| Dakota Center, Fargo, ND (2)            |     |      | 119,554 |     |