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Real Estate Assets (Tables)
3 Months Ended
Mar. 31, 2019
Real Estate Assets [Abstract]  
Real Estate Properties Owned

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 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 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

%