Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 142

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 13
Chunk 142
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 and restricted cash" on the consolidated balance sheet.  Our management team is working to fill the 45,535 square foot space and has leased approximately 54% of the space as of  February 2025 and has reviewed various proposals for the remaining 46%.
    
   The following table sets forth certain information with respect to our top 10 tenants at our Office/Industrial and Retail Properties.

     As of December 31, 2024 Tenant     Number of Leases    Annualized Base Rent    % of Total Annualized Base Rent  
 John Hopkins University     1   724,453   6.07%
 Finastra USA Corporation     1   543,600   4.55%
 KLJ Engineering LLC     1   536,080   4.49%
 MasTec North America, Inc.     1   371,106   3.11%
 L&T Care LLC     1   342,692   2.87%
 Wells Fargo Bank, NA     1   300,838   2.52%
 Republic Indemnity of America     1   278,831   2.34%
 Nova Financial & Investment Corporation   (1)   1   275,071   2.30%
 Meissner Commercial Real Estate Services   (2)   1   270,015   2.26%
 Fredrikson & Byron P.A.     1   249,270   2.09%
        $3,891,956   32.60%

        F-
       9

   (1) Nova Financial & Investment Corporation was subleasing to OnPoint Medical Group Holdings, LLC (“OnPoint”), until their lease expired in  January 2025.  Since  October 2024, OnPoint had also been directly leasing a 2,543 square foot space in our Shea Center building.  In  January 2025, OnPoint took over 11,831 square foot space from Nova Financial & Investment Corporation, signing an additional 3-year lease for that space. 
(2)Genesis Plaza's occupancy at  December 31, 2024 was at 95.6%. During the year, the Company invested approximately $74k in building and tenant improvements for the property, expanded the space for Meissner and extended the term of their lease