Company: SQFTP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001437749-25-016828
Chunk: 122

Company: Presidio Property Trust, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 122
---
   Future aggregate approximate amortization expense for the Company's lease intangible assets is as follows:

     Years ending December 31:     
 2025   11,288 
 2026   4,107 
 Total  $15,395 

   6. OTHER ASSETS
    
   Other assets consist of the following:

       March 31,    December 31,  
   2025    2024  
 Deferred rent receivable  $1,937,513  $2,126,609 
 Prepaid expenses, deposits and other   484,752   406,494 
 Notes receivable   316,374   316,374 
 Accounts receivable, net   96,628   463,194 
 Deferred offering costs   60,000   — 
 Right-of-use assets, net   58,010   64,026 
 Total other assets  $2,953,277  $3,376,697 

       19

   7. MORTGAGE NOTES PAYABLE
    
   Mortgage notes payable consist of the following:

       Principal as of           
   March 31,    December 31,   Loan   Interest      
 Mortgage note property   2025    2024   Type   Rate (1)    Maturity  
 Dakota Center (2)   9,091,395  $9,091,395  Fixed   4.74%  7/6/2024  
 Research Parkway (3)  -  1,526,860  N/A  N/A  N/A 
 Arapahoe Service Center   8,670,000   8,670,000  Fixed   6.75%  12/5/2029  
 Union Town Center (3)  -  7,709,746  N/A  N/A  N/A 
 One Park Centre (6)   5,886,308   5,919,517  Fixed   4.77%  9/5/2025  
 Genesis Plaza (6)   5,780,929   5,813,843  Fixed   4.71%  9/6/2025  
 Shea Center II (6)   16,