Company: SQFTP
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026786
Chunk: 143

Company: Presidio Property Trust, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 143
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 Genesis Plaza (6)   5,749,126   5,813,843  Fixed   4.71%  9/6/2025  
 Shea Center II (6)   16,507,833   16,660,803  Fixed   4.92%  1/5/2026  
 West Fargo Industrial (4)   5,750,000   5,750,000  Fixed   7.14%  7/6/2029  
 Grand Pacific Center (5)   6,424,930   6,460,405  Fixed   6.35%  5/10/2033  
 Baltimore   5,670,000   5,670,000  Fixed   4.67%  4/6/2032  
 Mandolin   3,474,942   3,508,702  Fixed   4.35% 4/20/2029 
 Subtotal, Presidio Property Trust, Inc. Properties  $66,974,176  $76,781,271          
 Model Home mortgage notes (7)   28,445,612   26,060,798  Fixed   6.00% - 8.00%  2025 - 2030 
 Mortgage Notes Payable  $95,419,788  $102,842,069          
 Unamortized loan costs   (815,984)  (747,975)         
 Mortgage Notes Payable, net  $94,603,804  $102,094,094          

    (1)  Interest rates as of  June 30, 2025. 
 (2)  The non-recourse loan on the Dakota Center property matured on  July 6, 2024.  Management has been in negotiations with the special servicer of the loan in modifying and/or extending the loan or possibly selling the building. We have not been able to come to an agreement regarding a situation in which the loan is modified or extended.  During  December 2024, the lender agreed to the broker the Company would use to sell the property to settle the non-recourse debt.  As of  June 30, 2025, the note payable is included