Company: SQFTP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001437749-25-034461
Chunk: 30

Company: Presidio Property Trust, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 30
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 Dakota Center in Fargo, North Dakota.

As a result of the default, the Company is required to pay the default interest rate that is 5% above the original interest rate and the lender’s expenses related to the loan, including third party report fees, attorneys’ fees and loan servicing expenses.  As of the date of this report, the amount of the default is approximately $9.1 million. Additionally, the lender is holding approximately $0.6 million in restricted cash sweep accounts as of September 30, 2025.

Item 4. Mine Safety Disclosures

None. 

   Item 5. Other Information.
    
   During the nine months ended  September 30, 2025, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

       49

Item 6. Exhibits.

      Exhibit Number 
      
      Description 

      31.1 
      
      Certificate of the Company's Chief Executive Officer (Principal Executive Officer) pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with respect to the registrant's Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2025. 

      31.2 
      
      Certification of the Company's Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with respect to the registrant's Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2025. 

      32.1 
      
      Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. 

      101.INS 
      Inline XBRL Instance Document (the Instance Document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document) 

      101.SCH 
      Inline XBRL Taxonomy Extension Schema Document 

      101.CAL 
      Inline XBRL Taxonomy Extension Calculation Linkbase Document 

      101.DEF 
      Inline XBRL Taxonomy Extension Definition Linkbase Document 

      101.LAB