XML 45 R34.htm IDEA: XBRL DOCUMENT v3.19.2
Mortgage Notes Payable (Details) - USD ($)
6 Months Ended
Jun. 30, 2019
Dec. 31, 2018
Debt Instrument [Line Items]    
Mortgage notes payable $ 149,353,087 $ 151,140,916
Unamortized loan costs (1,248,324) (1,426,740)
Mortgage notes payable, total net 148,104,763 149,714,176
Garden Gateway Plaza [Member]    
Debt Instrument [Line Items]    
Mortgage notes payable $ 6,172,350 6,270,896
Fixed interest rate on mortgage (in hundredths) [1] 5.00%  
Maturity date Feb. 05, 2020  
World Plaza [Member]    
Debt Instrument [Line Items]    
Mortgage notes payable [2],[3] $ 5,031,037 3,350,539
Maturity date [2],[3] Jul. 05, 2020  
Variable interest rate on mortgage (in hundredths) [1],[2],[3] 5.18%  
West Fargo Industrial [Member]    
Debt Instrument [Line Items]    
Mortgage notes payable $ 4,254,866 4,292,809
Fixed interest rate on mortgage (in hundredths) [1] 4.79%  
Maturity date Sep. 06, 2020  
Morena Office Center [Member]    
Debt Instrument [Line Items]    
Mortgage notes payable [4]   1,567,358
Fixed interest rate on mortgage (in hundredths) [1],[4] 4.30%  
Maturity date [4] Jun. 01, 2021  
Waterman Plaza [Member]    
Debt Instrument [Line Items]    
Mortgage notes payable $ 3,312,486 3,369,960
Fixed interest rate on mortgage (in hundredths) [1] 5.78%  
Maturity date Apr. 29, 2021  
Union Terrace [Member]    
Debt Instrument [Line Items]    
Mortgage notes payable [3] $ 6,297,528 6,354,153
Fixed interest rate on mortgage (in hundredths) [1],[3] 4.50%  
Maturity date [3] Aug. 05, 2024  
300 N.P. [Member]    
Debt Instrument [Line Items]    
Mortgage notes payable $ 2,330,160 2,348,443
Fixed interest rate on mortgage (in hundredths) [1] 4.95%  
Maturity date Jun. 11, 2022  
Highland Court [Member]    
Debt Instrument [Line Items]    
Mortgage notes payable $ 6,497,029 6,568,320
Fixed interest rate on mortgage (in hundredths) [1] 3.82%  
Maturity date Sep. 01, 2022  
Dakota Center [Member]    
Debt Instrument [Line Items]    
Mortgage notes payable $ 10,213,650 10,314,520
Fixed interest rate on mortgage (in hundredths) [1] 4.74%  
Maturity date Jul. 06, 2024  
The Presidio [Member]    
Debt Instrument [Line Items]    
Mortgage notes payable [5] $ 5,945,942 5,992,905
Fixed interest rate on mortgage (in hundredths) [1],[5] 4.54%  
Maturity date [5] Dec. 01, 2021  
Centennial Tech Center [Member]    
Debt Instrument [Line Items]    
Mortgage notes payable [3] $ 9,654,169 9,745,811
Fixed interest rate on mortgage (in hundredths) [1],[3] 4.43%  
Maturity date [3] Dec. 05, 2024  
Research Parkway [Member]    
Debt Instrument [Line Items]    
Mortgage notes payable $ 1,838,972 1,864,139
Fixed interest rate on mortgage (in hundredths) [1] 3.94%  
Maturity date Jan. 05, 2025  
Arapahoe Service Center [Member]    
Debt Instrument [Line Items]    
Mortgage notes payable $ 8,159,966 8,233,567
Fixed interest rate on mortgage (in hundredths) [1] 4.34%  
Maturity date Jan. 05, 2025  
Union Town Center [Member]    
Debt Instrument [Line Items]    
Mortgage notes payable $ 8,440,000 8,440,000
Fixed interest rate on mortgage (in hundredths) [1] 4.28%  
Maturity date Jan. 05, 2025  
Executive Office Park [Member]    
Debt Instrument [Line Items]    
Mortgage notes payable $ 4,894,344 4,947,808
Fixed interest rate on mortgage (in hundredths) [1] 4.83%  
Maturity date Jun. 01, 2027  
Genesis Plaza [Member]    
Debt Instrument [Line Items]    
Mortgage notes payable $ 6,427,233 6,476,032
Fixed interest rate on mortgage (in hundredths) [1] 4.71%  
Maturity date Sep. 06, 2025  
One Park Centre [Member]    
Debt Instrument [Line Items]    
Mortgage notes payable $ 6,536,887 6,585,922
Fixed interest rate on mortgage (in hundredths) [1] 4.77%  
Maturity date Sep. 05, 2025  
Shea Center II [Member]    
Debt Instrument [Line Items]    
Mortgage notes payable $ 17,727,500 17,727,500
Fixed interest rate on mortgage (in hundredths) [1] 4.92%  
Maturity date Jan. 05, 2026  
Grand Pacific Center [Member]    
Debt Instrument [Line Items]    
Mortgage notes payable [6] $ 3,907,181 3,961,304
Fixed interest rate on mortgage (in hundredths) [1],[6] 4.02%  
Maturity date [6] Aug. 01, 2037  
Presidio Property Trust, Inc Properties [Member]    
Debt Instrument [Line Items]    
Mortgage notes payable $ 117,641,300 118,411,986
Model Home Properties [Member]    
Debt Instrument [Line Items]    
Mortgage notes payable $ 31,711,787 $ 32,728,930
Model Home Properties [Member] | Minimum [Member]    
Debt Instrument [Line Items]    
Fixed interest rate on mortgage (in hundredths) 3.72%  
Maturity date Jan. 01, 2019  
Model Home Properties [Member] | Maximum [Member]    
Debt Instrument [Line Items]    
Fixed interest rate on mortgage (in hundredths) 5.75%  
Maturity date Jan. 01, 2022  
[1] Interest rates as of June 30, 2019.
[2] Interest on this loan is ABR plus 0.75% and LIBOR plus 2.75%. For the six months ended June 30, 2019, the weighted average interest rate was 5.29%.
[3] Properties held for sale as of June 30, 2019.
[4] Morena Office Center was sold on January 15, 2019.
[5] Property held for sale as of June 30, 2019 and sold on July 31, 2019.
[6] Interest rate is subject to reset on September 1, 2023.