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Real Estate Assets (Tables)
9 Months Ended
Sep. 30, 2016
Real Estate Assets [Abstract]  
Real Estate Properties Owned

A summary of the properties owned by the Company as of September 30, 2016 is as follows:

 

 

 

 

 

 

 

Real estate

 

 

 

Date

 

 

 

assets, net

 

Property Name

 

Acquired

 

Location

 

(in thousands)

 

Garden Gateway Plaza

 

March 2007

 

Colorado Springs, Colorado

 

 

11,608

 

World Plaza

 

September 2007

 

San Bernardino, California

 

 

5,805

 

Regatta Square

 

October 2007

 

Denver, Colorado

 

 

1,832

 

Executive Office Park

 

July 2008

 

Colorado Springs, Colorado

 

 

8,210

 

Waterman Plaza

 

August 2008

 

San Bernardino, California

 

 

5,786

 

Pacific Oaks Plaza

 

September 2008

 

Escondido, California

 

 

4,170

 

Morena Office Center

 

January 2009

 

San Diego, California

 

 

5,132

 

Rangewood Medical Office Building

 

March 2009

 

Colorado Springs, Colorado

 

 

2,302

 

Genesis Plaza

 

August 2010

 

San Diego, California

 

 

8,764

 

Dakota Bank Buildings

 

May 2011

 

Fargo, North Dakota

 

 

10,237

 

Yucca Valley Retail Center

 

September 2011

 

Yucca Valley, California

 

 

6,790

 

Port of San Diego Complex

 

December 2011

 

San Diego, California

 

 

14,205

 

Shoreline Medical Building

 

May 2012

 

Half Moon Bay, California

 

 

5,821

 

The Presidio

 

November 2012

 

Aurora, Colorado

 

 

6,669

 

Bismarck

 

March 2014

 

Fargo, ND

 

 

5,298

 

Union Terrace Building

 

August 2014

 

Lakewood, Colorado

 

 

8,520

 

Centennial Tech Center

 

December 2014

 

Colorado Springs, Colorado

 

 

14,361

 

Arapahoe Service Center

 

December 2014

 

Centennial, Colorado

 

 

11,352

 

Union Town Center

 

December 2014

 

Colorado Springs, Colorado

 

 

10,639

 

West Fargo Industrial

 

August 2015

 

Fargo, North Dakota

 

 

7,677

 

300 N.P.

 

August 2015

 

Fargo, North Dakota

 

 

3,791

 

Research Parkway

 

August 2015

 

Colorado Springs, Colorado

 

 

2,801

 

One Parke Center

 

August 2015

 

Westminster, Colorado

 

 

8,583

 

Highland Court

 

August 2015

 

Centennial, Colorado

 

 

12,679

 

Shea Center II

 

December 2015

 

Highlands Ranch, Colorado

 

 

24,726

 

NetREIT, Inc properties

 

 

 

 

 

 

207,758

 

Model Home properties

 

2011-2016

 

AZ, CA, FL, IL, NC, NJ, PA, SC, TX, UT, WI

 

 

28,245

 

 

 

Total real estate assets and lease intangibles, net

 

$

236,003

 

 

Geographic Locations of Real Estate Properties Owned

The following tables show a list of properties owned as of September 30, 2016, grouped by state where each is located.NetREIT, Inc. properties:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

State

 

No. of

Properties

 

 

Aggregate

Square Feet

 

 

Approximate %

of Square Feet

 

 

Current

Base Annual

Rent

 

 

Approximate %

of Aggregate

Annual Rent

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

California

 

 

8

 

 

 

436,022

 

 

 

25.1

%

 

$

6,673,885

 

 

 

29.5

%

Colorado

 

 

13

 

 

 

897,083

 

 

 

51.7

%

 

 

12,352,413

 

 

 

54.6

%

North Dakota

 

 

4

 

 

 

401,461

 

 

 

23.1

%

 

 

3,593,589

 

 

 

15.9

%

Total

 

 

25

 

 

 

1,734,566

 

 

 

100.0

%

 

$

22,619,887

 

 

 

100.0

%

 

Model Home properties:

 

State

 

No. of

Properties

 

 

Aggregate

Square Feet

 

 

Approximate %

of Square Feet

 

 

Current

Base Annual

Rent

 

 

Approximate

of Aggregate

% Annual Rent

 

Arizona

 

 

2

 

 

 

4,618

 

 

 

1.7

%

 

$

50,220

 

 

 

2.0

%

California

 

 

2

 

 

 

4,563

 

 

 

1.7

%

 

 

42,456

 

 

 

1.7

%

Florida

 

 

12

 

 

 

35,183

 

 

 

12.9

%

 

 

394,800

 

 

 

15.8

%

Illinois

 

 

4

 

 

 

11,876

 

 

 

4.4

%

 

 

130,476

 

 

 

5.2

%

New Jersey

 

 

4

 

 

 

10,379

 

 

 

3.8

%

 

 

101,820

 

 

 

4.1

%

North Carolina

 

 

1

 

 

 

2,929

 

 

 

1.1

%

 

 

16,200

 

 

 

0.7

%

Pennsylvania

 

 

19

 

 

 

53,194

 

 

 

19.6

%

 

 

572,772

 

 

 

23.0

%

South Carolina

 

 

2

 

 

 

5,193

 

 

 

1.9

%

 

 

38,832

 

 

 

1.6

%

Texas

 

 

42

 

 

 

128,949

 

 

 

47.4

%

 

 

987,624

 

 

 

39.6

%

Utah

 

 

3

 

 

 

9,918

 

 

 

3.6

%

 

 

99,816

 

 

 

4.0

%

Wisconsin

 

 

2

 

 

 

5,016

 

 

 

1.8

%

 

 

55,992

 

 

 

2.2

%

Total

 

 

93

 

 

 

271,818

 

 

 

100.0

%

 

$

2,491,008

 

 

 

100.0

%