XML 43 R27.htm IDEA: XBRL DOCUMENT

Note 7 - Mortgage Notes Payable (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

Schedule of Debt [Table Text Block]

						*Principal as of*
						*December 31,*				*December 31,*			*Loan*		*Interest*
Mortgage note property		*Notes*				*2020*				*2019*			*Type*		*Rate (1)*				*Maturity*
Waterman Plaza			(3) (6)			$	3,207,952			$	3,274,097		Variable			4.25	%		4/29/2021
World Plaza			(3) (5)				5,802,568				4,979,384		Variable			2.91	%		7/5/2021
Garden Gateway Plaza			(3)				5,861,523				6,071,315		Fixed			5.00	%		8/5/2021
300 N.P.							2,273,478				2,311,739		Fixed			4.95	%		6/11/2022
Highland Court			(3)				6,274,815				6,424,366		Fixed			3.82	%		9/1/2022
Dakota Center							9,900,279				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							1,760,432				1,813,305		Fixed			3.94	%		1/5/2025
Arapahoe Service Center							7,932,255				8,085,727		Fixed			4.34	%		1/5/2025
Union Town Center							8,315,550				8,440,000		Fixed			4.28	%		1/5/2025
One Park Centre							6,385,166				6,487,532		Fixed			4.77	%		9/5/2025
Genesis Plaza							6,276,273				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)				2,985,998				4,839,577		Fixed			4.83	%		6/1/2027
West Fargo Industrial							4,262,718				4,216,565		Fixed			3.27	%		8/5/2029
Grand Pacific Center			(4)				3,738,142				3,851,962		Fixed			4.02	%		8/1/2037
Subtotal, Presidio Property Trust, Inc. Properties						$	92,704,649			$	110,814,920
Model Home mortgage notes			(3)				28,083,356				32,644,129		Fixed			(7	)			2021 - 2023
Mortgage Notes Payable						$	120,788,005			$	143,459,049
Unamortized loan costs							(758,309	)			(1,066,057	)
Mortgage Notes Payable, net						$	120,029,696			$	142,392,992

Contractual Obligation, Fiscal Year Maturity [Table Text Block]

		*Presidio Property*				*Model*
		*Trust, Inc.*				*Homes*				*Total Principal*
Years ending December 31:		*Notes Payable*				*Notes Payable*				*Payments*
2021		$	16,385,688			$	10,169,248			$	26,554,936
2022			9,780,330				11,735,522				21,515,852
2023			1,493,749				6,178,586				7,672,335
2024			10,447,888				—				10,447,888
2025			28,902,297				—				28,902,297
Thereafter			25,694,697				—				25,694,697
Total		$	92,704,649			$	28,083,356			$	120,788,005