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REAL ESTATE ASSETS | 3 Months Ended
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Mar. 31, 2020
Real Estate Assets [Abstract] |
REAL ESTATE ASSETS | REAL ESTATE ASSETS A summary of the properties owned by the Company as of March 31, 2020 is as follows:
Property Name |  | Date Acquired |  | Location |  | Real estate assets, net (in thousands)
Garden Gateway Plaza (1) |  | March 2007 |  | Colorado Springs, Colorado |  | $ | 11,440 |
World Plaza (1) |  | September 2007 |  | San Bernardino, California |  | 8,334 |
Executive Office Park (2) |  | July 2008 |  | Colorado Springs, Colorado |  | 7,654 |
Waterman Plaza |  | August 2008 |  | San Bernardino, California |  | 4,867 |
Genesis Plaza |  | August 2010 |  | San Diego, California |  | 8,721 |
Dakota Center |  | May 2011 |  | Fargo, North Dakota |  | 8,772 |
Grand Pacific Center |  | March 2014 |  | Bismarck, North Dakota |  | 5,885 |
Arapahoe Center |  | December 2014 |  | Centennial, Colorado |  | 9,619 |
Union Town Center |  | December 2014 |  | Colorado Springs, Colorado |  | 9,552 |
West Fargo Industrial |  | August 2015 |  | West Fargo, North Dakota |  | 7,188 |
300 N.P. |  | August 2015 |  | Fargo, North Dakota |  | 3,371 |
Research Parkway |  | August 2015 |  | Colorado Springs, Colorado |  | 2,492 |
One Park Center |  | August 2015 |  | Westminster, Colorado |  | 8,898 |
Highland Court |  | August 2015 |  | Centennial, Colorado |  | 11,260 |
Shea Center II |  | December 2015 |  | Highlands Ranch, Colorado |  | 21,706 |
Presidio Property Trust, Inc. properties |  |  |  |  |  | 129,759 |
Model Home properties |  | 2014-2020 |  | AZ, FL, IL, PA, TX, WI |  | 49,433 |
Total real estate assets and lease intangibles, net |  |  |  |  |  | $ | 179,192 |
(1)Properties held for sale as of March 31, 2020. (2)One of four buildings in the property is held for sale as of March 31, 2020. Geographic Diversification Tables The following tables show a list of commercial properties owned by the Company grouped by state and geographic region as of March 31, 2020:
State |  | No. of Properties |  | Aggregate Square Feet |  | Approximate % of Square Feet |  | Current Base Annual Rent |  | Approximate % of Aggregate Annual Rent
California |  | 3 |  | 134,787 |  |  | 11.9 | % |  | $ | 2,369,118 |  |  | 15.8 | %
Colorado |  | 8 |  | 597,912 |  |  | 52.9 | % |  | 9,115,780 |  |  | 60.7 | %
North Dakota |  | 4 |  | 397,039 |  |  | 35.2 | % |  | 3,528,918 |  |  | 23.5 | %
Total |  | 15 |  | 1,129,738 |  |  | 100.0 | % |  | $ | 15,013,816 |  |  | 100.0 | %
The following tables show a list of our Model Home properties by geographic region as of March 31, 2020:
Geographic Region |  | No. of Properties |  | Aggregate Square Feet |  | Approximate % of Square Feet |  | Current Base Annual Rent |  | Approximate of Aggregate % Annual Rent
Southwest |  | 111 |  | 323,635 |  |  | 82.9 | % |  | $ | 3,301,032 |  |  | 79.7 | %
Southeast |  | 20 |  | 45,727 |  |  | 11.7 | % |  | 551,088 |  |  | 13.3 | %
Midwest |  | 2 |  | 6,602 |  |  | 1.7 | % |  | 99,276 |  |  | 2.4 | %
East |  | 2 |  | 5,255 |  |  | 1.3 | % |  | 70,716 |  |  | 1.7 | %
Northeast |  | 3 |  | 9,271 |  |  | 2.4 | % |  | 121,020 |  |  | 2.9 | %
Total |  | 138 |  | 390,490 |  |  | 100.0 | % |  | $ | 4,143,132 |  |  | 100.0 | %

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- Definition The entire disclosure for certain real estate assets. + References No definition available. + Details
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