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Note 7 - Mortgage Notes Payable (Tables) | 9 Months Ended
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Sep. 30, 2020
Notes Tables |
Schedule of Debt [Table Text Block] |
|  |  |  |  |  | Principal as of |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | September 30, |  |  | December 31, |  | Loan |  | Interest |  |  |  |  |
Mortgage note property |  | Notes |  |  | 2020 |  |  | 2019 |  | Type |  | Rate (1) |  |  | Maturity |
Waterman Plaza |  |  | (3) (7) |  |  | $ | 3,240,076 |  |  | $ | 3,274,097 |  | Variable |  |  | 4.25 | % |  | 4/29/2021 |
World Plaza |  |  | (3) (4) |  |  |  | 5,828,395 |  |  |  | 4,979,384 |  | Variable |  |  | 2.91 | % |  | 7/5/2021 |
Garden Gateway Plaza |  |  | (3) |  |  |  | 5,914,955 |  |  |  | 6,071,315 |  | Fixed |  |  | 5.00 | % |  | 8/5/2021 |
300 N.P. |  |  |  |  |  |  | 2,283,380 |  |  |  | 2,311,739 |  | Fixed |  |  | 4.95 | % |  | 6/11/2022 |
Highland Court |  |  |  |  |  |  | 6,312,739 |  |  |  | 6,424,366 |  | Fixed |  |  | 3.82 | % |  | 9/1/2022 |
Dakota Center |  |  |  |  |  |  | 9,954,740 |  |  |  | 10,111,693 |  | Fixed |  |  | 4.74 | % |  | 7/6/2024 |
Union Terrace |  |  | (2 | ) |  |  | — |  |  |  | 6,240,396 |  | Fixed |  |  | 4.50 | % |  | 8/5/2024 |
Centennial Tech Center |  |  | (2 | ) |  |  | — |  |  |  | 9,561,652 |  | Fixed |  |  | 4.43 | % |  | 12/5/2024 |
Research Parkway |  |  |  |  |  |  | 1,773,846 |  |  |  | 1,813,305 |  | Fixed |  |  | 3.94 | % |  | 1/5/2025 |
Arapahoe Service Center |  |  |  |  |  |  | 7,971,736 |  |  |  | 8,085,727 |  | Fixed |  |  | 4.34 | % |  | 1/5/2025 |
Union Town Center |  |  |  |  |  |  | 8,350,338 |  |  |  | 8,440,000 |  | Fixed |  |  | 4.28 | % |  | 1/5/2025 |
One Park Centre |  |  |  |  |  |  | 6,411,646 |  |  |  | 6,487,532 |  | Fixed |  |  | 4.77 | % |  | 9/5/2025 |
Genesis Plaza |  |  |  |  |  |  | 6,302,600 |  |  |  | 6,378,110 |  | Fixed |  |  | 4.71 | % |  | 9/6/2025 |
Shea Center II |  |  |  |  |  |  | 17,727,500 |  |  |  | 17,727,500 |  | Fixed |  |  | 4.92 | % |  | 1/5/2026 |
Executive Office Park |  |  | (3 | ) |  |  | 4,754,908 |  |  |  | 4,839,577 |  | Fixed |  |  | 4.83 | % |  | 6/1/2027 |
West Fargo Industrial |  |  |  |  |  |  | 4,290,717 |  |  |  | 4,216,565 |  | Fixed |  |  | 3.27 | % |  | 8/5/2029 |
Grand Pacific Center |  |  | (5 | ) |  |  | 3,767,027 |  |  |  | 3,851,962 |  | Fixed |  |  | 4.02 | % |  | 8/1/2037 |
Subtotal, Presidio Property Trust, Inc. Properties |  |  |  |  |  | $ | 94,884,603 |  |  | $ | 110,814,920 |  |  |  |  |  |  |  |  |  |
Model Home mortgage notes |  |  | (3 | ) |  |  | 29,514,663 |  |  |  | 32,644,129 |  | Fixed |  |  | (6 | ) |  |  | 2020 - 2023 |
Mortgage Notes Payable |  |  |  |  |  | $ | 124,399,266 |  |  | $ | 143,459,049 |  |  |  |  |  |  |  |  |  |
Unamortized loan costs |  |  |  |  |  |  | (862,452 | ) |  |  | (1,066,057 | ) |  |  |  |  |  |  |  |  |
Mortgage Notes Payable, net |  |  |  |  |  | $ | 123,536,814 |  |  | $ | 142,392,992 |  |  |  |  |  |  |  |  |  |
Contractual Obligation, Fiscal Year Maturity [Table Text Block] |
|  | Presidio Property |  |  | Model |  |  |  |  |
|  | Trust, Inc. |  |  | Homes |  |  | Total Principal |
|  | Notes Payable |  |  | Notes Payable |  |  | Payments |
Three months remaining in 2020 |  | $ | 468,332 |  |  | $ | 1,112,728 |  |  | $ | 1,581,060 |
Years ending December 31: |  |  |  |  |  |  |  |  |  |  |  |
2021 |  |  | 16,406,080 |  |  |  | 11,306,633 |  |  | $ | 27,712,713 |
2022 |  |  | 9,826,391 |  |  |  | 11,667,980 |  |  | $ | 21,494,371 |
2023 |  |  | 1,542,085 |  |  |  | 5,427,322 |  |  | $ | 6,969,407 |
2024 |  |  | 1,602,019 |  |  |  | — |  |  | $ | 1,602,019 |
Thereafter |  |  | 65,039,696 |  |  |  | — |  |  |  | 65,039,696 |
Total |  | $ | 94,884,603 |  |  | $ | 29,514,663 |  |  | $ | 124,399,266 |

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