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Note 7 - Mortgage Notes Payable (Tables) | 9 Months Ended
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Sep. 30, 2021
Notes Tables |
Schedule of Debt [Table Text Block] |
|  | Principal as of |  |  |  |  |  |  |  |  |  |
|  | September 30, |  |  | December 31, |  | Loan |  | Interest |  |  |  |  |
Mortgage note property |  | 2021 |  |  | 2020 |  | Type |  | Rate (1) |  |  | Maturity |
Waterman Plaza (2) |  | $ | — |  |  | $ | 3,207,952 |  | Variable |  |  | — |  |  |  | — |
World Plaza (3) (4) |  |  | — |  |  |  | 5,802,568 |  | Variable |  |  | 2.91 | % |  | 7/5/2021 |
Garden Gateway Plaza (2) |  |  | — |  |  |  | 5,861,523 |  | Fixed |  |  | 5.00 | % |  | 8/5/2021 |
300 N.P. |  |  | 2,243,328 |  |  |  | 2,273,478 |  | Fixed |  |  | 4.95 | % |  | 6/11/2022 |
Highland Court (2) |  |  | — |  |  |  | 6,274,815 |  | Fixed |  |  | 3.82 | % |  | 9/1/2022 |
Dakota Center |  |  | 9,734,220 |  |  |  | 9,900,279 |  | Fixed |  |  | 4.74 | % |  | 7/6/2024 |
Research Parkway |  |  | 1,719,390 |  |  |  | 1,760,432 |  | Fixed |  |  | 3.94 | % |  | 1/5/2025 |
Arapahoe Service Center |  |  | 7,812,125 |  |  |  | 7,932,255 |  | Fixed |  |  | 4.34 | % |  | 1/5/2025 |
Union Town Center |  |  | 8,197,495 |  |  |  | 8,315,550 |  | Fixed |  |  | 4.28 | % |  | 1/5/2025 |
One Park Centre |  |  | 6,304,625 |  |  |  | 6,385,166 |  | Fixed |  |  | 4.77 | % |  | 9/5/2025 |
Genesis Plaza |  |  | 6,196,202 |  |  |  | 6,276,273 |  | Fixed |  |  | 4.71 | % |  | 9/6/2025 |
Shea Center II |  |  | 17,559,316 |  |  |  | 17,727,500 |  | Fixed |  |  | 4.92 | % |  | 1/5/2026 |
Executive Office Park (2) |  |  | — |  |  |  | 2,985,998 |  | Fixed |  |  | 4.83 | % |  | 6/1/2027 |
West Fargo Industrial |  |  | 4,177,334 |  |  |  | 4,262,718 |  | Fixed |  |  | 3.27 | % |  | 8/5/2029 |
Grand Pacific Center (5) |  |  | 3,649,729 |  |  |  | 3,738,142 |  | Fixed |  |  | 4.02 | % |  | 8/1/2037 |
Subtotal, Presidio Property Trust, Inc. Properties |  | $ | 67,593,764 |  |  | $ | 92,704,649 |  |  |  |  |  |  |  |  |  |
Model Home mortgage notes (3) |  |  | 19,335,267 |  |  |  | 28,083,356 |  | Fixed |  |  | (6 | ) |  |  | 2021 - 2024 |
Mortgage Notes Payable |  | $ | 86,929,031 |  |  | $ | 120,788,005 |  |  |  |  |  |  |  |  |  |
Unamortized loan costs |  |  | (673,351 | ) |  |  | (758,309 | ) |  |  |  |  |  |  |  |  |
Mortgage Notes Payable, net |  | $ | 86,255,680 |  |  | $ | 120,029,696 |  |  |  |  |  |  |  |  |  |
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 |  | $ | 336,488 |  |  | $ | 606,375 |  |  | $ | 942,863 |
2022 |  |  | 3,581,868 |  |  |  | 8,766,945 |  |  |  | 12,348,813 |
2023 |  |  | 1,410,835 |  |  |  | 4,241,024 |  |  |  | 5,651,859 |
2024 |  |  | 10,368,843 |  |  |  | 5,720,923 |  |  |  | 16,089,766 |
2025 |  |  | 28,770,832 |  |  |  | — |  |  |  | 28,770,832 |
Thereafter |  |  | 23,124,898 |  |  |  | — |  |  |  | 23,124,898 |
Total |  | $ | 67,593,764 |  |  | $ | 19,335,267 |  |  | $ | 86,929,031 |

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