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Real Estate Assets (Tables) | 6 Months Ended
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Jun. 30, 2019
Real Estate Assets [Abstract] |
Real Estate Properties Owned | A summary of the properties owned by the Company as of June 30, 2019 is as follows:
|  |  |  |  |  | Real estate |
|  | Date |  |  |  | assets, net |
Property Name |  | Acquired |  | Location |  | (in thousands) |
Garden Gateway Plaza |  | March 2007 |  | Colorado Springs, Colorado |  | $ | 11,312 |
World Plaza (1) |  | September 2007 |  | San Bernardino, California |  |  | 8,329 |
Executive Office Park |  | July 2008 |  | Colorado Springs, Colorado |  |  | 7,858 |
Waterman Plaza |  | August 2008 |  | San Bernardino, California |  |  | 4,933 |
Genesis Plaza |  | August 2010 |  | San Diego, California |  |  | 8,946 |
Dakota Center |  | May 2011 |  | Fargo, North Dakota |  |  | 8,951 |
The Presidio (1)(2) |  | November 2012 |  | Colorado Springs, Colorado |  |  | 6,498 |
Grand Pacific Center |  | March 2014 |  | Bismarck, North Dakota |  |  | 5,903 |
Union Terrace (1) |  | August 2014 |  | Lakewood, Colorado |  |  | 8,174 |
Centennial Tech Center (1) |  | December 2014 |  | Colorado Springs, Colorado |  |  | 12,826 |
Arapahoe Center |  | December 2014 |  | Centennial, Colorado |  |  | 10,006 |
Union Town Center |  | December 2014 |  | Colorado Springs, Colorado |  |  | 9,764 |
West Fargo Industrial |  | August 2015 |  | West Fargo, North Dakota |  |  | 7,279 |
300 N.P. |  | August 2015 |  | Fargo, North Dakota |  |  | 3,474 |
Research Parkway |  | August 2015 |  | Colorado Springs, Colorado |  |  | 2,546 |
One Park Center |  | August 2015 |  | Westminster, Colorado |  |  | 8,532 |
Highland Court |  | August 2015 |  | Centennial, Colorado |  |  | 11,554 |
Shea Center II |  | December 2015 |  | Highlands Ranch, Colorado |  |  | 22,305 |
Presidio Property Trust, Inc. properties |  |  |  |  |  |  | 159,190 |
Model Home properties |  | 2010-2019 |  | AZ, CA, FL, IL, PA, SC, TX, WI |  |  | 46,536 |
|  | Total real estate assets and lease intangibles, net |  | $ | 205,726 |
(1) | Properties held for sale as of June 30, 2019.
(2) | The Presidio was sold on July 31, 2019.
Geographic Locations of Real Estate Properties Owned | The following tables show a list of properties owned by the Company grouped by state and geographic region as of June 30, 2019:
State |  | No. of Properties |  |  | Aggregate Square Feet |  |  | Approximate % of Square Feet |  |  | Current Base Annual Rent |  |  | Approximate % of Aggregate Annual Rent |
California |  |  | 3 |  |  |  | 134,787 |  |  |  | 9.6 | % |  | $ | 1,822,676 |  |  |  | 10.0 | %
Colorado |  |  | 11 |  |  |  | 873,684 |  |  |  | 62.2 | % |  |  | 12,814,687 |  |  |  | 70.1 | %
North Dakota |  |  | 4 |  |  |  | 397,039 |  |  |  | 28.2 | % |  |  | 3,626,926 |  |  |  | 19.9 | %
Total |  |  | 18 |  |  |  | 1,405,510 |  |  |  | 100.0 | % |  | $ | 18,264,289 |  |  |  | 100.0 | %
Model Home properties:
Geographic Region |  | No. of Properties |  |  | Aggregate Square Feet |  |  | Approximate % of Square Feet |  |  | Current Base Annual Rent |  |  | Approximate of Aggregate % Annual Rent |
Southwest |  |  | 98 |  |  |  | 298,345 |  |  |  | 76.3 | % |  | $ | 2,794,116 |  |  |  | 71.1 | %
West |  |  | 1 |  |  |  | 2,324 |  |  |  | 0.6 | % |  |  | 16,020 |  |  |  | 0.4 | %
Southeast |  |  | 30 |  |  |  | 69,198 |  |  |  | 17.7 | % |  |  | 830,172 |  |  |  | 21.1 | %
Midwest |  |  | 2 |  |  |  | 6,602 |  |  |  | 1.7 | % |  |  | 99,276 |  |  |  | 2.5 | %
East |  |  | 2 |  |  |  | 5,255 |  |  |  | 1.3 | % |  |  | 70,716 |  |  |  | 1.8 | %
Northeast |  |  | 3 |  |  |  | 9,271 |  |  |  | 2.4 | % |  |  | 121,020 |  |  |  | 3.1 | %
Total |  |  | 136 |  |  |  | 390,995 |  |  |  | 100.0 | % |  | $ | 3,931,320 |  |  |  | 100.0 | %

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