XML 55 R21.htm IDEA: XBRL DOCUMENT v3.19.3
REAL ESTATE ASSETS (Tables)
 9 Months Ended
Sep. 30, 2019
Real Estate Assets [Abstract]  
Real Estate Properties Owned
A summary of the properties owned by the Company as of September 30, 2019 is as follows:
Property NameDate
Acquired		LocationReal estate
assets, net
(in thousands)
Garden Gateway Plaza (1)March 2007Colorado Springs, Colorado$11,215  
World Plaza (1)September 2007San Bernardino, California8,295  
Executive Office ParkJuly 2008Colorado Springs, Colorado7,787  
Waterman PlazaAugust 2008San Bernardino, California4,911  
Genesis PlazaAugust 2010San Diego, California8,902  
Dakota CenterMay 2011Fargo, North Dakota8,861  
Grand Pacific CenterMarch 2014Bismarck, North Dakota5,899  
Union Terrace (1)August 2014Lakewood, Colorado8,257  
Centennial Tech Center (1)December 2014Colorado Springs, Colorado12,837  
Arapahoe CenterDecember 2014Centennial, Colorado9,877  
Union Town CenterDecember 2014Colorado Springs, Colorado9,688  
West Fargo IndustrialAugust 2015West Fargo, North Dakota7,229  
300 N.P.August 2015Fargo, North Dakota3,440  
Research ParkwayAugust 2015Colorado Springs, Colorado2,531  
One Park CenterAugust 2015Westminster, Colorado8,524  
Highland CourtAugust 2015Centennial, Colorado11,493  
Shea Center IIDecember 2015Highlands Ranch, Colorado22,022  
Presidio Property Trust, Inc. properties151,768  
Model Home properties2010-2019AZ, CA, FL, IL, PA, SC, TX, WI43,795  
Total real estate assets and lease intangibles, net$195,563  
(1)Properties held for sale as of September 30, 2019.
Geographic Locations of Real Estate Properties Owned
The following tables show a list of commercial properties owned by the Company grouped by state and geographic region as of September 30, 2019:
StateNo. of
Properties		Aggregate
Square
Feet		Approximate %
of Square Feet		Current
Base Annual
Rent		Approximate %
of Aggregate
Annual Rent
California3134,787  10.2 %$2,229,474  12.9 %
Colorado10792,462  59.8 %11,800,980  68.0 %
North Dakota4397,039  30.0 %3,320,679  19.1 %
Total171,324,288  100.0 %$17,351,133  100.0 %
Model Home properties:
Geographic RegionNo. of
Properties		Aggregate
Square Feet		Approximate %
of Square Feet		Current
Base Annual
Rent		Approximate
of Aggregate
% Annual Rent
Southwest92  282,842  76.6 %$2,671,248  71.7 %
West1  2,324  0.6 %16,020  0.4 %
Southeast27  63,114  17.1 %747,348  20.1 %
Midwest2  6,602  1.8 %99,276  2.7 %
East2  5,255  1.4 %70,716  1.9 %
Northeast3  9,271  2.5 %121,020  3.2 %
Total127  369,408  100.0 %$3,725,628  100.0 %