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Real Estate Assets
9 Months Ended
Sep. 30, 2018
Real Estate Assets [Abstract]  
Real Estate Assets

4. REAL ESTATE ASSETS

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

 

 

 

 

 

 

 

Real estate

 

 

 

Date

 

 

 

assets, net

 

Property Name

 

Acquired

 

Location

 

(in thousands)

 

Garden Gateway Plaza

 

March 2007

 

Colorado Springs, Colorado

 

$

11,268

 

World Plaza

 

September 2007

 

San Bernardino, California

 

 

5,761

 

Executive Office Park

 

July 2008

 

Colorado Springs, Colorado

 

 

8,027

 

Waterman Plaza

 

August 2008

 

San Bernardino, California

 

 

5,000

 

Pacific Oaks Plaza

 

September 2008

 

Escondido, California

 

 

3,965

 

Morena Office Center

 

January 2009

 

San Diego, California

 

 

4,723

 

Genesis Plaza

 

August 2010

 

San Diego, California

 

 

8,506

 

Dakota Bank Buildings

 

May 2011

 

Fargo, North Dakota

 

 

9,258

 

Yucca Valley Retail Center

(1)

September 2011

 

Yucca Valley, California

 

 

6,612

 

Port of San Diego Complex

(1)

December 2011

 

San Diego, California

 

 

13,687

 

The Presidio

 

November 2012

 

Aurora, Colorado

 

 

6,427

 

Grand Pacific Center

 

March 2014

 

Bismarck, North Dakota

 

 

5,846

 

Union Terrace Building

 

August 2014

 

Lakewood, Colorado

 

 

8,095

 

Centennial Tech Center

 

December 2014

 

Colorado Springs, Colorado

 

 

13,027

 

Arapahoe Service Center

 

December 2014

 

Centennial, Colorado

 

 

10,380

 

Union Town Center

 

December 2014

 

Colorado Springs, Colorado

 

 

9,981

 

West Fargo Industrial

 

August 2015

 

Fargo, North Dakota

 

 

7,304

 

300 N.P.

 

August 2015

 

Fargo, North Dakota

 

 

3,569

 

Research Parkway

 

August 2015

 

Colorado Springs, Colorado

 

 

2,612

 

One Park Center

 

August 2015

 

Westminster, Colorado

 

 

8,538

 

Highland Court

 

August 2015

 

Centennial, Colorado

 

 

11,910

 

Shea Center II

 

December 2015

 

Highlands Ranch, Colorado

 

 

22,796

 

Presidio Property Trust, Inc properties

 

 

 

 

 

 

187,292

 

Model Home properties

 

2010-2018

 

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

 

 

50,075

 

 

 

Total real estate assets and lease intangibles, net

 

$

237,367

 

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

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, 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

 

 

92

 

 

 

282,105

 

 

 

67.1

%

 

$

2,587,824

 

 

 

61.1

%

West

 

 

3

 

 

 

7,854

 

 

 

1.9

%

 

 

77,748

 

 

 

1.8

%

Southeast

 

 

41

 

 

 

99,502

 

 

 

23.7

%

 

 

1,152,624

 

 

 

27.2

%

Midwest

 

 

3

 

 

 

9,458

 

 

 

2.2

%

 

 

131,916

 

 

 

3.1

%

East

 

 

8

 

 

 

21,566

 

 

 

5.1

%

 

 

286,500

 

 

 

6.8

%

Total

 

 

147

 

 

 

420,485

 

 

 

100.0

%

 

$

4,236,612

 

 

 

100.0

%