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Schedule III - Real Estate and Accumulated Depreciation and Amortization

12 Months Ended

Dec. 31, 2021

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, 2021

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*
Genesis Plaza, San Diego, CA		$	6,169			$	1,400			$	8,600			$	10,000			$	2,661			$	1,400			$	11,261			$	12,661			$	4,350			$	—			$	8,311			08/10					1989
Dakota Center, Fargo, ND			9,677				832				8,743				9,575				2,876				832				11,619				12,451				3,844				—				8,607			05/11					1982
Grand Pacific Center, Bismarck, ND (3)			3,620				413				4,926				5,339				2,124				413				7,050				7,463				2,006				—				5,457			03/14					1976
Arapahoe Center, Centennial, CO			7,771				1,420				10,430				11,850				592				1,420				11,022				12,442				3,621				—				8,821			12/14					2000
West Fargo Industrial, Fargo, ND			4,148				1,693				6,207				7,900				351				1,693				6,558				8,251				1,226				—				7,025			08/15				1998/2005
300 N.P., Fargo, ND			2,233				135				3,715				3,850				273				135				3,988				4,123				885				308				2,930			08/15					1922
One Park Centre, Westminster, CO			6,277				1,206				7,944				9,150				1,398				1,206				9,342				10,548				2,555				—				7,992			08/15					1983
Shea Center II, Highlands Ranch, CO			17,495				2,214				23,747				25,961				2,281				2,214				26,028				28,241				7,995				—				20,247			12/15					2000
Baltimore, Baltimore, MD			—				2,668				6,224				8,892				0				2,668				6,224				8,892				—								8,892			12/20					2006
Total Office/ Industrial properties			57,389				11,981				80,536				92,517				12,556				11,981				93,092				105,073				26,482				308				78,283

World Plaza , San Bernardino, CA (2)			—				1,698				6,232				7,930				4,289				1,698				10,521				12,219				2,246				700				9,272			09/07					1974
Union Town Center, Colorado Springs, CO			8,174				1,750				9,462				11,212				67				1,750				9,529				11,279				2,110				—				9,169			12/14					2003
Research Parkway, Colorado Springs, CO			1,705				408				2,442				2,850				(50	)			408				2,392				2,799				424				—				2,376			08/16					2003
Mandolin, Houston, TX			—				1,330				3,562				4,892				15				1,330				3,577				4,906				31				—				4,876			08/21					2021
Total Retail properties			9,879				5,186				21,698				26,884				4,320				5,186				26,018				31,203				4,810				700				25,693

Model Homes-DMH LP #202			822				235				1,435				1,670				—				235				1,435				1,670				141				—				1,529				2017-2018				2017-2018
Model Homes-DMH LP #203			3,273				1,080				4,697				5,777				—				1,080				4,697				5,777				412				—				5,365				2016-2019				2016-2019
Model Homes-DMH LP #204			2,810				980				4,903				5,883				—				980				4,903				5,883				361				—				5,522				2018-2020				2018-2020
Model Homes-DMH LP #205			4,207				1,260				5,223				6,482				—				1,260				5,223				6,482				280				—				6,202				2019-2020				2019-2020
Model Homes-DMH LP #206			2,097				392				2,740				3,132				—				392				2,740				3,132				75				—				3,057				2020-2021				2020-2021
Model Homes-NMH Inc.			8,945				1,881				10,920				12,801				—				1,881				10,920				12,801				388				—				12,413				2017-2021				2017-2021
Total Model Home properties			22,154				5,828				29,917				35,746				—				5,828				29,917				35,746				1,657				—				34,089
																																											-
CONSOLIDATED TOTALS:		$	89,422			$	22,995			$	132,151			$	155,146			$	16,876			$	22,995			$	149,028			$	172,022			$	32,949			$	1,008			$	138,065

(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, 2021.

(3) Property was listed as held for sale in February 2022.

Presidio Property Trust, Inc. and Subsidiaries

Schedule III - Real Estate and Accumulated Depreciation and Amortization (continued) – as of December 31, 2021

		*For the Year Ended December 31,*
		*2021*				*2020*
Real estate
Balance at the beginning of the year		$	208,641,166			$	244,320,582
Acquisitions			22,224,826				10,161,613
Improvements			1,598,105				2,834,367
Impairments			(608,000	)			(1,730,851	)
Dispositions of real estate			(60,842,404	)			(46,944,545	)
Balance at the end of the year		$	171,013,693			$	208,641,166
Accumulated depreciation and amortization
Balance at the beginning of the year		$	(42,387,199	)		$	(44,113,962	)
Depreciation and amortization expense			(5,029,579	)			(5,938,958	)
Dispositions of real estate			14,468,021				7,665,721
Balance at the end of the year		$	(32,948,757	)		$	(42,387,199	)

Real estate assets, net		$	138,064,936			$	166,253,967