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Real Estate Assets
3 Months Ended
Mar. 31, 2018
Real Estate Assets [Abstract]  
Real Estate Assets

4. REAL ESTATE ASSETS

A summary of the properties owned by the Company as of March 31, 2018 is as follows:

 

 

 

 

 

 

 

Real estate

 

 

 

Date

 

 

 

assets, net

 

Property Name

 

Acquired

 

Location

 

(in thousands)

 

Garden Gateway Plaza

 

March 2007

 

Colorado Springs, Colorado

 

$

11,474

 

World Plaza

(1)

September 2007

 

San Bernardino, California

 

 

5,763

 

Executive Office Park

 

July 2008

 

Colorado Springs, Colorado

 

 

8,094

 

Waterman Plaza

 

August 2008

 

San Bernardino, California

 

 

5,591

 

Pacific Oaks Plaza

 

September 2008

 

Escondido, California

 

 

4,015

 

Morena Office Center

 

January 2009

 

San Diego, California

 

 

4,819

 

Genesis Plaza

 

August 2010

 

San Diego, California

 

 

8,599

 

Dakota Bank Buildings

 

May 2011

 

Fargo, North Dakota

 

 

9,508

 

Yucca Valley Retail Center

(1)

September 2011

 

Yucca Valley, California

 

 

6,612

 

Port of San Diego Complex

 

December 2011

 

San Diego, California

 

 

13,819

 

The Presidio

 

November 2012

 

Aurora, Colorado

 

 

6,391

 

Bismarck

 

March 2014

 

Fargo, ND

 

 

5,931

 

Union Terrace Building

 

August 2014

 

Lakewood, Colorado

 

 

8,319

 

Centennial Tech Center

 

December 2014

 

Colorado Springs, Colorado

 

 

13,297

 

Arapahoe Service Center

 

December 2014

 

Centennial, Colorado

 

 

10,509

 

Union Town Center

 

December 2014

 

Colorado Springs, Colorado

 

 

10,136

 

West Fargo Industrial

 

August 2015

 

Fargo, North Dakota

 

 

7,398

 

300 N.P.

 

August 2015

 

Fargo, North Dakota

 

 

3,611

 

Research Parkway

 

August 2015

 

Colorado Springs, Colorado

 

 

2,660

 

One Park Center

 

August 2015

 

Westminster, Colorado

 

 

8,627

 

Highland Court

 

August 2015

 

Centennial, Colorado

 

 

12,178

 

Shea Center II

 

December 2015

 

Highlands Ranch, Colorado

 

 

23,211

 

Presidio Property Trust, Inc properties

 

 

 

 

 

 

190,562

 

Model Home properties

 

2010-2018

 

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

 

 

49,494

 

 

 

Total real estate assets and lease intangibles, net

 

$

240,056

 

(1) Properties held for sale as of March 31, 2018.

Geographic Diversification Table 

The following tables show a list of properties owned by Presidio Property Trust, Inc. grouped by state location as of March 31, 2018:

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

 

Southwest

 

 

92

 

 

 

281,561

 

 

 

65.3

%

 

$

2,559,924

 

 

 

60.5

%

West

 

 

5

 

 

 

14,491

 

 

 

3.4

%

 

 

142,272

 

 

 

3.4

%

Southeast

 

 

40

 

 

 

102,716

 

 

 

23.8

%

 

 

1,108,668

 

 

 

26.2

%

Midwest

 

 

3

 

 

 

9,458

 

 

 

2.2

%

 

 

131,916

 

 

 

3.1

%

East

 

 

9

 

 

 

22,875

 

 

 

5.3

%

 

 

287,280

 

 

 

6.8

%

Total

 

 

149

 

 

 

431,101

 

 

 

100.0

%

 

$

4,230,060

 

 

 

100.0

%