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Schedule III - Real Estate and Accumulated Depreciation and Amortization

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Text Block]

Presidio Property Trust, Inc. and Subsidiaries

Schedule III - Real Estate and Accumulated Depreciation and Amortization – as of December 31, 2020

All amounts are in thousands						Initial Cost																Total Cost												(1)
Property Name/ Location		Encumbrances				Land Cost				Building & Improvements				Acquisition Price				Capitalized Improvements				Land Cost				Building & Improvements				Total Cost				Accumulated Depreciation & Amortization				Reserve for Impairment				NBV Real Estate				Date Acquired				Year Built/ Renovated
Garden Gateway, Colorado Springs, CO (2)		$	5,861			$	3,035			$	12,091			$	15,126			$	3,329			$	3,035			$	10,874			$	17,238			$	5,774			$	—			$	11,464			03/07				1982/2006
Executive Park, Colorado Springs, CO (2)			2,986				583				8,815				10,081				1,473				583				5,561				7,617				2,510				—				5,107			07/08					2000
Genesis Plaza, San Diego, CA			6,276				1,400				8,600				10,000				2,625				1,400				8,323				12,348				3,697				—				8,651			08/10					1989
Dakota Center, Fargo, ND			9,900				832				8,743				9,575				1,306				832				9,960				12,098				3,500				—				8,598			05/11					1982
Grand Pacific Center, Bismarck, ND			3,738				413				4,926				5,339				904				413				6,099				7,416				1,732				—				5,684			03/14					1976
Arapahoe Center, Centennial, CO			7,932				1,420				10,430				11,850				2,078				1,420				8,857				12,355				3,122				—				9,233			12/14					2000
West Fargo Industrial, Fargo, ND			4,263				1,693				6,207				7,900				264				1,693				6,099				8,056				995				—				7,061			08/15				1998/2005
300 N.P., Fargo, ND			2,274				135				3,715				3,850				319				135				3,589				4,043				764				—				3,279			08/15					1922
Highland Court, Centennial, CO (2)			6,275				3,608				9,442				13,050				3,408				3,608				7,767				14,783				3,883				400				10,500			08/15					1984
One Park Centre, Westminster, CO			6,385				1,206				7,944				9,150				1,952				1,206				7,416				10,574				1,987				—				8,587			08/15					1983
Shea Center II, Highlands Ranch, CO			17,728				2,214				23,747				25,961				6,065				2,214				19,526				27,805				6,779				—				21,026			12/15					2000
Total Office/ Industrial properties			73,618				16,539				104,660				121,882				23,723				16,539				94,071				134,333				34,743				400				99,190

World Plaza , San Bernardino, CA (2)			5,803				1,698				6,232				7,930				1,761				1,698				8,758				12,217				2,246				700				9,271			09/07					1974
Waterman Plaza, San Bernardino, CA (2)			3,208				2,350				4,814				7,164				239				2,383				4,324				6,946				1,282				2,164				3,500			08/08					2008
Union Town Center, Colorado Springs, CO			8,316				1,750				9,462				11,212				513				1,750				8,932				11,195				1,851				—				9,344			12/14					2003
Research Parkway, Colorado Springs, CO			1,760				408				2,442				2,850				43				408				2,349				2,800				361				—				2,439			8/15/2016					2003
Total Retail properties			19,087				6,206				22,950				29,156				2,556				6,239				24,363				33,158				5,740				2,864				24,554

Model Homes -NDMHR, LP			974				534				2,047				2,581				—				534				2,047				2,581				197				—				2,384				2010-2016				2010-2016
Model Homes-DMH LP #202			3,149				741				4,238				4,979				—				741				4,238				4,979				337				—				4,642				2014-2019				2014-2019
Model Homes-DMH LP #203			5,271				1,600				7,132				8,732				—				1,600				7,132				8,732				441								8,291				2016-2020				2016-2020
Model Homes-DMH LP #204			5,385				1,412				6,787				8,199				—				1,412				6,787				8,199				345								7,854				2019-2020				2019-2020
Model Homes-DMH LP #205			5,214				1,461				6,287				7,748				—				1,461				6,287				7,748				179				—				7,569				2020				2020
Model Homes-DMH LP #206			1,696				294				2,181				2,475				—				294				2,181				2,475				27								2,448				2020				2020
Model Homes-NMH Inc.			6,394				1,510				8,190				9,700				—				1,510				8,190				9,700				378				—				9,322				2016-2020				2016-2020
Total Model Home properties			28,083				7,552				36,862				44,414				—				7,552				36,862				44,414				1,904				—				42,510
																																											—
CONSOLIDATED TOTALS:		$	120,788			$	30,297			$	164,472			$	195,452			$	26,279			$	30,330			$	155,296			$	211,905			$	42,387			$	3,264			$	166,254

(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, 2020.

(3) Waterman Plaza sold for approximately $3.5 million on January 28, 2021.

(4) Garden Gateway sold for approximately $11.2 million on February 19, 2021.

Presidio Property Trust, Inc. and Subsidiaries

Schedule III - Real Estate and Accumulated Depreciation and Amortization (continued) – as of December 31, 2020

		*For the Year Ended December 31,*
		*2020*				*2019*
Real estate
Balance at the beginning of the year		$	244,320,582			$	254,675,874
Acquisitions			10,161,613				13,037,562
Improvements			2,834,367				6,393,711
Impairments			(1,730,851	)			—
Dispositions of real estate			(46,944,545	)			(29,786,565	)
Balance at the end of the year		$	208,641,166			$	244,320,582
Accumulated depreciation and amortization
Balance at the beginning of the year		$	(44,113,962	)		$	(43,567,809	)
Depreciation and amortization expense			(5,938,958	)			(6,693,613	)
Dispositions of real estate			7,665,721				6,147,460
Balance at the end of the year		$	(42,387,199	)		$	(44,113,962	)

Real estate assets, net		$	166,253,967			$	200,206,620