Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 1815

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 1815
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, for a combined sales price of
     $16.95 million, where the Company netted approximately
     $6.37 million in cash proceeds from the sale and additional funds post-closing from the lender reserve accounts. The commercial properties were purchased between
     2014 and
     2015 for approximately
     $14.1 million, with a combined book value of approximately
     $11.6 million prior to the sale, and the Company recorded a combined gain of approximately
     $4.0 million.

      During
      January, 
      February and
      March 2025, the Company has sold
     five model homes for a total of approximately
     $2.4 million.  The homes were purchased between
     2019 and 
     2023 with a total acquisition price of approximately
     $2.2 million. 

        F-
       38

   Presidio Property Trust, Inc. and Subsidiaries
   Schedule III - Real Estate and Accumulated Depreciation and Amortization – as of  December 31, 2024

     All amounts are in thousands       Initial Cost        Total Cost    (1 )                
 Property Name/ Location   Encumbrances    Land Cost    Building & Improvements    Acquisition Price    Capitalized Improvements    Land Cost    Building & Improvements    Total Cost    Accumulated Depreciation & Amortization    Reserve for Impairment    NBV Real Estate    Date Acquired    Year Built/ Renovated  
 Genesis Plaza, San Diego, CA  $5,814  $1,400  $8,600  $10,000  $3,490  $1,400  $12,090  $13,490  $6,127  $-  $7,363   08/10    1989 
 Dakota Center, Fargo, ND   9,091   832   8,743   9,575   4,289   832   13,032   13,864   5,053   656   8,155   05/11    1982 
 Grand Pacific Center, Bismarck, ND   6,460   413   4,926