Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 4

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 4
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 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%.  

      (7) 
      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. 

      41

For the years ended December 31, 2024 and 2023, depreciation and amortization expense totaled approximately $5.5 million and $5.4 million, respectively.

Top Ten Tenants Physical Occupancy Table

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
     %

     $