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Real Estate Assets
9 Months Ended
Sep. 30, 2017
Real Estate Assets [Abstract]  
Real Estate Assets

4. REAL ESTATE ASSETS

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

 

 

 

 

 

 

 

Real estate

 

 

 

Date

 

 

 

assets, net

 

Property Name

 

Acquired

 

Location

 

(in thousands)

 

Garden Gateway Plaza

 

March 2007

 

Colorado Springs, Colorado

 

$

11,450

 

World Plaza

 

September 2007

 

San Bernardino, California

 

 

5,738

 

Executive Office Park

 

July 2008

 

Colorado Springs, Colorado

 

 

8,120

 

Waterman Plaza

 

August 2008

 

San Bernardino, California

 

 

5,656

 

Pacific Oaks Plaza

 

September 2008

 

Escondido, California

 

 

4,019

 

Morena Office Center

 

January 2009

 

San Diego, California

 

 

4,922

 

Genesis Plaza

 

August 2010

 

San Diego, California

 

 

8,707

 

Dakota Bank Buildings

 

May 2011

 

Fargo, North Dakota

 

 

9,772

 

Yucca Valley Retail Center

 

September 2011

 

Yucca Valley, California

 

 

6,605

 

Port of San Diego Complex

 

December 2011

 

San Diego, California

 

 

13,957

 

The Presidio

 

November 2012

 

Aurora, Colorado

 

 

6,432

 

Bismarck

 

March 2014

 

Fargo, ND

 

 

5,788

 

Union Terrace Building

 

August 2014

 

Lakewood, Colorado

 

 

8,395

 

Centennial Tech Center

 

December 2014

 

Colorado Springs, Colorado

 

 

13,585

 

Arapahoe Service Center

 

December 2014

 

Centennial, Colorado

 

 

10,783

 

Union Town Center

 

December 2014

 

Colorado Springs, Colorado

 

 

10,293

 

West Fargo Industrial

 

August 2015

 

Fargo, North Dakota

 

 

7,500

 

300 N.P.

 

August 2015

 

Fargo, North Dakota

 

 

3,672

 

Research Parkway

 

August 2015

 

Colorado Springs, Colorado

 

 

2,710

 

One Park Center

 

August 2015

 

Westminster, Colorado

 

 

8,505

 

Highland Court

 

August 2015

 

Centennial, Colorado

 

 

12,449

 

Shea Center II

 

December 2015

 

Highlands Ranch, Colorado

 

 

23,742

 

Presidio Property Trust, Inc properties

 

 

 

 

 

 

192,800

 

Model Home properties

 

2010-2017

 

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

 

 

46,504

 

 

 

Total real estate assets and lease intangibles, net

 

$

239,304

 

Geographic Diversification Table 

The following tables show a list of properties owned by Presidio Property Trust, Inc. grouped by state location as of September 30, 2017:

State

 

No. of

Properties

 

 

Aggregate

Square Feet

 

 

Approximate %

of Square Feet

 

 

Current

Base Annual

Rent

 

 

Approximate %

of Aggregate

Annual Rent

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

California

 

 

7

 

 

 

420,927

 

 

 

24.9

%

 

$

5,947,230

 

 

 

27.5

%

Colorado

 

 

11

 

 

 

873,684

 

 

 

51.6

%

 

 

12,229,995

 

 

 

56.5

%

North Dakota

 

 

4

 

 

 

397,039

 

 

 

23.5

%

 

 

3,457,516

 

 

 

16.0

%

Total

 

 

22

 

 

 

1,691,650

 

 

 

100.0

%

 

$

21,634,741

 

 

 

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

 

 

 

1.2

%

 

$

50,220

 

 

 

1.3

%

California

 

 

2

 

 

 

4,563

 

 

 

1.1

%

 

 

42,456

 

 

 

1.1

%

Florida

 

 

34

 

 

 

82,995

 

 

 

20.8

%

 

 

897,660

 

 

 

22.9

%

Illinois

 

 

2

 

 

 

5,851

 

 

 

1.5

%

 

 

64,860

 

 

 

1.7

%

New Jersey

 

 

2

 

 

 

5,643

 

 

 

1.4

%

 

 

51,756

 

 

 

1.3

%

North Carolina

 

 

4

 

 

 

13,623

 

 

 

3.4

%

 

 

144,540

 

 

 

3.7

%

Pennsylvania

 

 

10

 

 

 

28,609

 

 

 

7.2

%

 

 

351,960

 

 

 

9.0

%

South Carolina

 

 

3

 

 

 

8,703

 

 

 

2.2

%

 

 

93,864

 

 

 

2.4

%

Texas

 

 

76

 

 

 

232,456

 

 

 

58.2

%

 

 

2,088,588

 

 

 

53.4

%

Utah

 

 

3

 

 

 

9,918

 

 

 

2.5

%

 

 

99,816

 

 

 

2.6

%

Wisconsin

 

 

1

 

 

 

2,508

 

 

 

0.6

%

 

 

26,448

 

 

 

0.7

%

Total

 

 

139

 

 

 

399,487

 

 

 

100.0

%

 

$

3,912,168

 

 

 

100.0

%