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Real Estate Assets (Tables)
6 Months Ended
Jun. 30, 2018
Real Estate Assets [Abstract]  
Real Estate Properties Owned

A summary of the properties owned by the Company as of June 30, 2018 is as follows:

 

 

 

 

 

 

 

Real estate

 

 

 

Date

 

 

 

assets, net

 

Property Name

 

Acquired

 

Location

 

(in thousands)

 

Garden Gateway Plaza

 

March 2007

 

Colorado Springs, Colorado

 

$

11,369

 

World Plaza

 

September 2007

 

San Bernardino, California

 

 

5,781

 

Executive Office Park

 

July 2008

 

Colorado Springs, Colorado

 

 

8,088

 

Waterman Plaza

 

August 2008

 

San Bernardino, California

 

 

5,559

 

Pacific Oaks Plaza

 

September 2008

 

Escondido, California

 

 

3,990

 

Morena Office Center

 

January 2009

 

San Diego, California

 

 

4,775

 

Genesis Plaza

 

August 2010

 

San Diego, California

 

 

8,497

 

Dakota Bank Buildings

 

May 2011

 

Fargo, North Dakota

 

 

9,379

 

Yucca Valley Retail Center

(1)

September 2011

 

Yucca Valley, California

 

 

6,612

 

Port of San Diego Complex

 

December 2011

 

San Diego, California

 

 

13,749

 

The Presidio

 

November 2012

 

Aurora, Colorado

 

 

6,405

 

Bismarck

 

March 2014

 

Fargo, ND

 

 

5,897

 

Union Terrace Building

 

August 2014

 

Lakewood, Colorado

 

 

8,217

 

Centennial Tech Center

 

December 2014

 

Colorado Springs, Colorado

 

 

13,162

 

Arapahoe Service Center

(1)

December 2014

 

Centennial, Colorado

 

 

10,423

 

Union Town Center

 

December 2014

 

Colorado Springs, Colorado

 

 

10,058

 

West Fargo Industrial

 

August 2015

 

Fargo, North Dakota

 

 

7,346

 

300 N.P.

 

August 2015

 

Fargo, North Dakota

 

 

3,603

 

Research Parkway

 

August 2015

 

Colorado Springs, Colorado

 

 

2,636

 

One Park Center

 

August 2015

 

Westminster, Colorado

 

 

8,588

 

Highland Court

 

August 2015

 

Centennial, Colorado

 

 

12,084

 

Shea Center II

 

December 2015

 

Highlands Ranch, Colorado

 

 

23,097

 

Presidio Property Trust, Inc properties

 

 

 

 

 

 

189,315

 

Model Home properties

 

2010-2018

 

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

 

 

49,138

 

 

 

Total real estate assets and lease intangibles, net

 

$

238,453

 

(1) Properties held for sale as of June 30, 2018.

Geographic Locations of Real Estate Properties Owned

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

%

 

$

5,256,291

 

 

 

24.5

%

Colorado

 

 

11

 

 

 

873,684

 

 

 

51.6

%

 

 

12,545,307

 

 

 

58.5

%

North Dakota

 

 

4

 

 

 

397,039

 

 

 

23.5

%

 

 

3,634,145

 

 

 

17.0

%

Total

 

 

22

 

 

 

1,691,650

 

 

 

100.0

%

 

$

21,435,743

 

 

 

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

 

 

85

 

 

 

260,289

 

 

 

62.6

%

 

$

2,372,004

 

 

 

56.6

%

West

 

 

5

 

 

 

14,481

 

 

 

3.5

%

 

 

142,272

 

 

 

3.4

%

Southeast

 

 

47

 

 

 

119,648

 

 

 

28.8

%

 

 

1,396,452

 

 

 

33.3

%

Midwest

 

 

2

 

 

 

5,795

 

 

 

1.4

%

 

 

74,496

 

 

 

1.8

%

East

 

 

6

 

 

 

15,338

 

 

 

3.7

%

 

 

203,140

 

 

 

4.9

%

Total

 

 

145

 

 

 

415,551

 

 

 

100.0

%

 

$

4,188,364

 

 

 

100.0

%