XML 67 R21.htm IDEA: XBRL DOCUMENT v3.20.1
SCHEDULE III - Real Estate and Accumulated Depreciation and Amortization
 12 Months Ended
Dec. 31, 2019
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
SCHEDULE III - Real Estate and Accumulated Depreciation and Amortization
Presidio Property Trust, Inc. and Subsidiaries
Schedule III - Real Estate and Accumulated Depreciation and Amortization – as of December 31, 2019
All amounts are in thousandsInitial CostTotal Cost(1) 
Property Name/ LocationEncumbrances
Land
Cost
Building and Improvements
Acquisition
Price
Capitalized
Improvements
Land
Cost
Building & Improvements
Total
Cost
Accumulated Depreciation & DepreciationReserve for Impairment
NBV
Real Estate
Date Acquired
Year Built/
Renovated
Garden Gateway, Colorado Springs, CO (2)$6,071  $3,035  $12,091  $15,126  $3,293  $3,035  $10,874  $17,202  $5,774  —  $11,428  03/071982/2006
Executive Park, Colorado Springs, CO4,840  1,266  8,815  10,081  1,511  1,266  7,880  10,657  2,934  —  7,723  07/082000
Genesis Plaza, San Diego, CA6,378  1,400  8,600  10,000  2,423  1,400  8,071  11,894  3,105  —  8,789  08/101989
Dakota Center, Fargo, ND10,112  832  8,743  9,575  1,270  832  9,917  12,019  3,165  —  8,854  05/111982
Grand Pacific Center, Bismarck, ND3,852  413  4,926  5,339  872  413  6,099  7,384  1,470  —  5,914  03/141976
Union Terrace, Lakewood, CO (2)6,240  1,717  7,708  9,425  3,750  1,717  5,853  11,320  2,895  —  8,425  08/141982
Centennial Tech Center, Colorado Springs, CO (2) (3)9,562  2,025  13,475  15,500  3,545  2,025  10,556  16,126  2,994  —  13,132  12/141999
Arapahoe Center, Centennial, CO8,086  1,420  10,430  11,850  2,076  1,420  8,857  12,353  2,605  —  9,748  12/142000
West Fargo Industrial, Fargo, ND4,216  1,693  6,207  7,900  234  1,693  6,063  7,990  778  —  7,212  08/151998/2005
300 N.P., Fargo, ND2,312  135  3,715  3,850  317  135  3,589  4,041  636  —  3,405  08/151922
Highland Court, Centennial, CO6,424  3,608  9,442  13,050  3,384  3,608  7,767  14,759  3,339  —  11,420  08/151984
One Park Centre, Westminster, CO6,488  1,206  7,944  9,150  1,357  1,206  7,416  9,979  1,460  —  8,519  08/151983
Shea Center II, Highlands Ranch, CO17,728  2,214  23,747  25,961  5,711  2,214  19,515  27,440  5,587  —  21,853  12/152000
Total Office/ Industrial properties92,309  20,964  125,843  146,807  29,743  20,964  112,457  163,164  36,742  —  126,422  
World Plaza , San Bernardino, CA (2)4,979  1,698  6,232  7,930  749  1,698  8,803  11,250  2,246  700  8,304  09/071974
Waterman Plaza, San Bernardino, CA3,274  2,350  4,814  7,164  239  2,383  4,324  6,946  1,224  833  4,889  08/082008
Union Town Center, Colorado Springs, CO8,440  1,750  9,462  11,212  504  1,750  8,932  11,186  1,574  —  9,612  12/142003
Research Parkway, Colorado Springs, CO1,813  408  2,442  2,850  164  408  2,349  2,921  408  —  2,513  8/15/20162003
Total Retail properties18,506  6,206  22,950  29,156  1,656  6,239  24,408  32,303  5,452  1,533  25,318  
Model Homes -NDMHR, LP2,840  1,387  7,019  8,406  —  984  4,331  5,315  339  —  4,976  2010-20162010-2016
Model Homes-DMH LP #2024,784  1,384  7,381  8,765  —  1,152  6,332  7,484  378  —  7,106  2014-20182014-2018
Model Homes-DMH LP #2038,650  1,911  10,220  12,131  —  2,359  10,803  13,162  513  12,649  2016-20192016-2019
Model Homes-DMH LP #2045,851  1,409  6,522  7,931  1,545  7,209  8,754  271  8,483  2018-20192018-2019
Model Homes-DMH LP #2053,687  1,021  4,309  5,330  —  1,021  4,309  5,330  35  —  5,295  20192019
Model Homes-NMH Inc.6,832  1,998  11,247  13,245  —  1,620  8,722  10,342  384  —  9,958  2016-20192016-2019
Total Model Home properties32,644  9,110  46,698  55,808  —  8,681  41,706  50,387  1,920  —  48,467  
—  
CONSOLIDATED TOTALS:$143,459  $36,280  $195,491  $231,771  $31,399  $35,884  $178,571  $245,854  $44,114  $1,533  $200,207  
(1)Depreciation is computed on a straight-line basis using useful lives up to 39 years.
(2)Property held for sale as of December 31, 2019.
(3)Centennial Tech Center sold for approximately $15.0 million on February 5, 2020.
Presidio Property Trust, Inc. and Subsidiaries
Schedule III - Real Estate and Accumulated Depreciation and Amortization (continued) – as of December 31, 2019

For the Year Ended December 31,
20192018
Real estate
Balance at the beginning of the year$254,675,874  $274,546,199  
Acquisitions13,037,562  17,326,915  
Improvements6,393,711  3,359,283  
Impairments—  (532,951) 
Dispositions of real estate(29,786,565) (40,023,572) 
Balance at the end of the year$244,320,582  $254,675,874  
Accumulated depreciation and amortization
Balance at the beginning of the year$(43,567,809) $(40,012,255) 
Depreciation and amortization expense(6,693,613) (8,452,012) 
Dispositions of real estate6,147,460  4,896,458  
Balance at the end of the year$(44,113,962) $(43,567,809) 
Real estate assets, net$200,206,620  $211,108,065