Company: SQFTP
Filing Date: 2025-12-09
Form Type: S-8
Source: 0001493152-25-026716
Chunk: 7

Company: Presidio Property Trust, Inc.
Filing Date: 2025-12-09
Form: S-8
Chunk 7
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 months ended September 30, 2025. The sale is expected to take place during the fourth quarter 2025 or in the first quarter of 2026.                                                                                                                                                                                                                                                                  |
| (3) | On December 31, 2022, the lease for our largest                                                                                                                                                                                                                                                                                                                                                      
 tenant, Halliburton, expired. Halliburton was located in our Shea Center II property in Colorado, and made up approximately $536,080                                                                                                                                                                                                                                                                 
 of our annual base rent. Halliburton did not renew the lease and we placed approximately $1.1 million in a reserve account with our                                                                                                                                                                                                                                                                  
 lender to cover future mortgage payments, if necessary, none of which has been used as of September 30, 2025. Our management team                                                                                                                                                                                                                                                                    
 is working to fill the 45,535 square foot space and has leased approximately 69% of the space to other tenants and has reviewed various                                                                                                                                                                                                                                                              
 proposals for the remaining 31%. As of September 30, 2025, management is pursuing third party tenants who fit into our long-term                                                                                                                                                                                                                                                                     
 plans, however, there is no guarantee we will be successful in signing new tenants. During the nine months ended September 30, 2025,                                                                                                                                                                                                                                                                 
 we have reassessed the value of the property and recorded an impairment charge of approximately $0.9 million.                                                                                                                                                                                                                                                                                        |
| (4) | A portion of the proceeds from the sale of Highland Court were used in like-kind exchange transactions pursued under Section 1031 of the Code for the acquisition of our Mandolin property. Mandolin is owned by NetREIT Palm Self-Storage LP, through its wholly owned subsidiary NetREIT Highland LLC, and the Company is the sole general partner and owns 61.3% of NetREIT Palm Self-Storage LP. |

| 4 |

<div align='center'>Model Home Portfolio.</div>

Our model home division utilizes
newly-built single family model homes as an investment vehicle. Our model home division purchases model homes from, and leases them back
to, homebuilders as commercial tenants on a triple-net basis. These triple-net investments in which the commercial homebuilders bear the
expenses of operations, maintenance, real estate taxes and insurance (in addition to defraying monthly mortgage payments), alleviate significant
cost and risk normally associated with holding single family homes for speculative sale or for lease to residential tenants.

The following table shows
a list of our Model Home properties by geographic region as of September 30