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Real Estate Assets
6 Months Ended
Jun. 30, 2017
Real Estate Assets [Abstract]  
Real Estate Assets

4. REAL ESTATE ASSETS

A summary of the properties owned by the Company as of June 30, 2017 is as follows:

 

 

 

 

 

 

 

Real estate

 

 

 

Date

 

 

 

assets, net

 

Property Name

 

Acquired

 

Location

 

(in thousands)

 

Garden Gateway Plaza

 

March 2007

 

Colorado Springs, Colorado

 

$

11,529

 

World Plaza

 

September 2007

 

San Bernardino, California

 

 

5,697

 

Executive Office Park

 

July 2008

 

Colorado Springs, Colorado

 

 

8,129

 

Waterman Plaza

 

August 2008

 

San Bernardino, California

 

 

5,689

 

Pacific Oaks Plaza

 

September 2008

 

Escondido, California

 

 

4,033

 

Morena Office Center

 

January 2009

 

San Diego, California

 

 

4,973

 

Genesis Plaza

 

August 2010

 

San Diego, California

 

 

8,739

 

Dakota Bank Buildings

 

May 2011

 

Fargo, North Dakota

 

 

9,896

 

Yucca Valley Retail Center

 

September 2011

 

Yucca Valley, California

 

 

6,635

 

Port of San Diego Complex

 

December 2011

 

San Diego, California

 

 

14,026

 

The Presidio

 

November 2012

 

Aurora, Colorado

 

 

6,482

 

Bismarck

 

March 2014

 

Fargo, ND

 

 

5,551

 

Union Terrace Building

 

August 2014

 

Lakewood, Colorado

 

 

8,412

 

Centennial Tech Center

 

December 2014

 

Colorado Springs, Colorado

 

 

13,748

 

Arapahoe Service Center

 

December 2014

 

Centennial, Colorado

 

 

10,917

 

Union Town Center

 

December 2014

 

Colorado Springs, Colorado

 

 

10,382

 

West Fargo Industrial

 

August 2015

 

Fargo, North Dakota

 

 

7,536

 

300 N.P.

 

August 2015

 

Fargo, North Dakota

 

 

3,704

 

Research Parkway

 

August 2015

 

Colorado Springs, Colorado

 

 

2,734

 

One Parke Center

 

August 2015

 

Westminster, Colorado

 

 

8,547

 

Highland Court

 

August 2015

 

Centennial, Colorado

 

 

12,430

 

Shea Center II

 

December 2015

 

Highlands Ranch, Colorado

 

 

23,705

 

NetREIT, Inc properties

 

 

 

 

 

 

193,494

 

Model Home properties

 

2010-2017

 

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

 

 

41,930

 

 

 

Total real estate assets and lease intangibles, net

 

$

235,424

 

Geographic Diversification Table 

The following tables show a list of properties owned by NetREIT, Inc. grouped by state location as of June 30, 2017:

State

 

No. of

Properties

 

 

Aggregate

Square Feet

 

 

Approximate %

of Square Feet

 

 

Current

Base Annual

Rent

 

 

Approximate %

of Aggregate

Annual Rent

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

California

 

 

7

 

 

 

422,687

 

 

 

24.9

%

 

$

5,685,960

 

 

 

26.3

%

Colorado

 

 

11

 

 

 

872,878

 

 

 

51.4

%

 

 

12,330,663

 

 

 

57.1

%

North Dakota

 

 

4

 

 

 

401,461

 

 

 

23.7

%

 

 

3,563,174

 

 

 

16.5

%

Total

 

 

22

 

 

 

1,697,026

 

 

 

100.0

%

 

$

21,579,797

 

 

 

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

 

 

 

1.3

%

 

$

50,220

 

 

 

1.4

%

California

 

 

2

 

 

 

4,563

 

 

 

1.2

%

 

 

42,456

 

 

 

1.2

%

Florida

 

 

34

 

 

 

82,995

 

 

 

22.5

%

 

 

897,660

 

 

 

25.7

%

Illinois

 

 

3

 

 

 

8,941

 

 

 

2.4

%

 

 

98,004

 

 

 

2.8

%

New Jersey

 

 

4

 

 

 

10,379

 

 

 

2.8

%

 

 

101,820

 

 

 

2.9

%

North Carolina

 

 

4

 

 

 

13,623

 

 

 

3.7

%

 

 

144,540

 

 

 

4.1

%

Pennsylvania

 

 

11

 

 

 

30,989

 

 

 

8.4

%

 

 

371,988

 

 

 

10.6

%

South Carolina

 

 

3

 

 

 

8,703

 

 

 

2.4

%

 

 

93,864

 

 

 

2.7

%

Texas

 

 

61

 

 

 

188,315

 

 

 

51.2

%

 

 

1,537,080

 

 

 

44.0

%

Utah

 

 

3

 

 

 

9,918

 

 

 

2.7

%

 

 

99,816

 

 

 

2.9

%

Wisconsin

 

 

2

 

 

 

5,016

 

 

 

1.4

%

 

 

55,992

 

 

 

1.6

%

Total

 

 

129

 

 

 

368,060

 

 

 

100.0

%

 

$

3,493,440

 

 

 

100.0

%