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Note 7 - Mortgage Notes Payable 1 (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2020

Dec. 31, 2019

Notes Tables

Schedule of Debt [Table Text Block]

				Principal as of
				June 30,				December 31,			Loan		Interest
Mortgage note property		Notes		2020				2019			Type		Rate (1)				Maturity
Waterman Plaza		(7)		$	3,247,878				3,274,097		Variable			4.25	%		4/29/2021
World Plaza		(3)(4)			5,854,222				4,979,383		Variable			4.40	%		7/5/2021
Garden Gateway Plaza		(3)			5,967,727				6,071,315		Fixed			5.00	%		8/5/2021
300 N.P.					2,292,848				2,311,738		Fixed			4.95	%		6/11/2022
Highland Court					6,350,303				6,424,366		Fixed			3.82	%		9/1/2022
Dakota Center					10,007,257				10,111,693		Fixed			4.74	%		7/6/2024
Union Terrace		(2)			—				6,240,396		Fixed			4.50	%		9/5/2024
Centennial Tech Center		(2)			—				9,561,654		Fixed			4.43	%		1/5/2024
Research Parkway					1,787,129				1,813,305		Fixed			3.94	%		1/5/2025
Arapahoe Service Center					8,009,836				8,085,727		Fixed			4.34	%		1/5/2025
Union Town Center					8,406,185				8,440,000		Fixed			4.28	%		1/5/2025
Executive Office Park		(3)			4,783,471				4,839,576		Fixed			4.83	%		6/1/2027
Genesis Plaza					6,327,800				6,378,110		Fixed			4.71	%		9/6/2025
One Park Centre					6,436,968				6,487,532		Fixed			4.77	%		9/5/2025
Shea Center II					17,727,500				17,727,500		Fixed			4.92	%		1/5/2026
West Fargo Industrial					4,177,324				4,216,565		Fixed			4.79	%		5/31/2029
Grand Pacific Center		(5)			3,795,623				3,851,962		Fixed			4.02	%		8/1/2037
Subtotal, Presidio Property Trust, Inc. Properties					95,172,071				110,814,919
Model Home mortgage notes		(3)			31,270,029				32,644,129		Fixed		(6)				2020 - 2023
Mortgage Notes Payable				$	126,442,100			$	143,459,048
Unamortized loan costs					(911,172	)			(1,066,056	)
Mortgage Notes Payable, net				$	125,530,928			$	142,392,992

				Principal as of
				December 31,				December 31,					Interest
Mortgage note property		Notes		2019				2018			Loan Type		Rate (1)				Maturity
Garden Gateway Plaza		(7)		$	6,071,315			$	6,270,896		Fixed			5.00	%		2/5/2020
World Plaza		(4)			4,979,383				3,350,539		Variable			5.10	%		7/5/2020
West Fargo Industrial					4,216,565				4,292,809		Fixed			4.79	%		9/6/2020
Morena Office Center		(2)			—				1,567,358		Fixed			4.30	%		6/1/2021
Waterman Plaza					3,274,097				3,369,960		Fixed			5.78	%		4/29/2021
300 N.P.					2,311,738				2,348,443		Fixed			4.95	%		6/11/2022
Highland Court					6,424,366				6,568,320		Fixed			3.82	%		9/1/2022
Dakota Center					10,111,693				10,314,520		Fixed			4.74	%		7/6/2024
Union Terrace					6,240,396				6,354,153		Fixed			4.50	%		9/5/2024
The Presidio					—				5,992,905		Fixed			4.54	%		12/1/2021
Centennial Tech Centers		(6)			9,561,654				9,745,811		Fixed			4.43	%		1/5/2024
Research Parkway					1,813,305				1,864,139		Fixed			3.94	%		1/5/2025
Arapahoe Center					8,085,727				8,233,567		Fixed			4.34	%		1/5/2025
Union Town Center					8,440,000				8,440,000		Fixed			4.28	%		1/5/2025
Executive Office Park					4,839,576				4,947,808		Fixed			4.83	%		6/1/2027
Genesis Plaza					6,378,110				6,476,032		Fixed			4.71	%		8/25/2025
One Park Centre					6,487,532				6,585,922		Fixed			4.77	%		9/5/2025
Shea Center II					17,727,500				17,727,500		Fixed			4.92	%		1/5/2026
Grand Pacific Center		(3)			3,851,962				3,961,304		Fixed			4.02	%		8/1/2037
Office/Industrial and Retail Properties				$	110,814,919			$	118,411,986
Model Home Properties					32,644,129				32,728,930		Fixed			(5)			2019—2022
Mortgage Notes Payable				$	143,459,048			$	151,140,916
Unamortized loan costs					(1,066,056	)			(1,426,740	)
Mortgage Notes Payable held for investment, net				$	142,392,992			$	149,714,176

Contractual Obligation, Fiscal Year Maturity [Table Text Block]

		Presidio Property Trust, Inc. Notes Payable				Model Homes Notes Payable				Total Principal Payments
Nine months remaining in 2020		$	882,006			$	6,150,969			$	7,032,975
Years ending December 31:
2021			16,382,167				12,708,950				29,091,117
2022			9,798,450				8,505,525				18,303,975
2023			1,514,611				3,904,585				5,419,196
2024			1,645,496				—				1,645,496
Thereafter			64,949,341				—				64,949,341
Total		$	95,172,071			$	31,270,029			$	126,442,100

Years ending December 31:		Office/ Industrial and Retail Notes Payable				Model Home Properties Notes Payable				Principal Payments
2020		$	16,871,952			$	12,294,895			$	29,166,847
2021			4,960,217				11,932,259				16,892,476
2022			10,055,657				8,416,975				18,472,632
2023			1,783,291				—				1,783,291
2024			24,813,868				—				24,813,868
Thereafter			52,329,934				—				52,329,934
Total		$	110,814,919			$	32,644,129			$	143,459,048

X

- Definition

Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 303
-Paragraph (a)
-Subparagraph (5)

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