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Real Estate Assets | 3 Months Ended
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Mar. 31, 2019
Real Estate Assets [Abstract] |
Real Estate Assets | 4. REAL ESTATE ASSETS A summary of the properties owned by the Company as of March 31, 2019 is as follows:
|  |  |  |  |  | Real estate |
|  | Date |  |  |  | assets, net |
Property Name |  | Acquired |  | Location |  | (in thousands) |
Garden Gateway Plaza |  | March 2007 |  | Colorado Springs, Colorado |  | $ | 11,362 |
World Plaza (1) |  | September 2007 |  | San Bernardino, California |  |  | 7,310 |
Executive Office Park |  | July 2008 |  | Colorado Springs, Colorado |  |  | 7,914 |
Waterman Plaza |  | August 2008 |  | San Bernardino, California |  |  | 4,955 |
Genesis Plaza |  | August 2010 |  | San Diego, California |  |  | 8,683 |
Dakota Center |  | May 2011 |  | Fargo, North Dakota |  |  | 9,036 |
The Presidio (1) |  | November 2012 |  | Colorado Springs, Colorado |  |  | 6,509 |
Grand Pacific Center |  | March 2014 |  | Bismarck, North Dakota |  |  | 5,846 |
Union Terrace (1) |  | August 2014 |  | Lakewood, Colorado |  |  | 8,076 |
Centennial Tech Center (1) |  | December 2014 |  | Colorado Springs, Colorado |  |  | 12,826 |
Arapahoe Center |  | December 2014 |  | Centennial, Colorado |  |  | 10,122 |
Union Town Center |  | December 2014 |  | Colorado Springs, Colorado |  |  | 9,826 |
West Fargo Industrial |  | August 2015 |  | West Fargo, North Dakota |  |  | 7,285 |
300 N.P. |  | August 2015 |  | Fargo, North Dakota |  |  | 3,509 |
Research Parkway |  | August 2015 |  | Colorado Springs, Colorado |  |  | 2,567 |
One Park Center |  | August 2015 |  | Westminster, Colorado |  |  | 8,508 |
Highland Court |  | August 2015 |  | Centennial, Colorado |  |  | 11,724 |
Shea Center II |  | December 2015 |  | Highlands Ranch, Colorado |  |  | 22,524 |
Presidio Property Trust, Inc. properties |  |  |  |  |  |  | 158,582 |
Model Home properties |  | 2010-2018 |  | AZ, CA, FL, IL, PA, SC, TX, WI |  |  | 43,624 |
|  | Total real estate assets and lease intangibles, net |  | $ | 202,206 |
(1) Properties held for sale as of March 31, 2019. 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, 2019:
State |  | No. of Properties |  |  | Aggregate Square Feet |  |  | Approximate % of Square Feet |  |  | Current Base Annual Rent |  |  | Approximate % of Aggregate Annual Rent |
California |  |  | 3 |  |  |  | 132,319 |  |  |  | 9.4 | % |  | $ | 1,810,437 |  |  |  | 10.0 | %
Colorado |  |  | 11 |  |  |  | 873,684 |  |  |  | 62.3 | % |  |  | 12,660,021 |  |  |  | 69.9 | %
North Dakota |  |  | 4 |  |  |  | 397,039 |  |  |  | 28.3 | % |  |  | 3,632,796 |  |  |  | 20.1 | %
Total |  |  | 18 |  |  |  | 1,403,042 |  |  |  | 100.0 | % |  | $ | 18,103,254 |  |  |  | 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 |  |  | 89 |  |  |  | 347,482 |  |  |  | 77.7 | % |  | $ | 2,520,600 |  |  |  | 67.6 | %
West |  |  | 2 |  |  |  | 4,563 |  |  |  | 1.0 | % |  |  | 42,456 |  |  |  | 1.1 | %
Southeast |  |  | 29 |  |  |  | 68,188 |  |  |  | 15.2 | % |  |  | 807,204 |  |  |  | 21.6 | %
Midwest |  |  | 3 |  |  |  | 9,458 |  |  |  | 2.1 | % |  |  | 131,916 |  |  |  | 3.5 | %
East |  |  | 3 |  |  |  | 8,295 |  |  |  | 1.9 | % |  |  | 113,016 |  |  |  | 3.0 | %
Northeast |  |  | 3 |  |  |  | 9,271 |  |  |  | 2.1 | % |  |  | 121,020 |  |  |  | 3.2 | %
Total |  |  | 129 |  |  |  | 447,257 |  |  |  | 100.0 | % |  | $ | 3,736,212 |  |  |  | 100.0 | %

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