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Note 7 - Mortgage Notes Payable (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Schedule of Debt [Table Text Block]

		Principal as of
		December 31,				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				—				—
Garden Gateway Plaza (2)			—				5,861,523			Fixed				—				—
300 N.P. (8)			2,232,923				2,273,478			Fixed				4.95	%		6/11/2022
Highland Court (2)			—				6,274,815			Fixed				3.82	%		—
Dakota Center			9,677,108				9,900,279			Fixed				4.74	%		7/6/2024
Research Parkway			1,705,438				1,760,432			Fixed				3.94	%		1/5/2025
Arapahoe Service Center			7,770,887				7,932,255			Fixed				4.34	%		1/5/2025
Union Town Center			8,173,568				8,315,550			Fixed				4.28	%		1/5/2025
One Park Centre			6,276,849				6,385,166			Fixed				4.77	%		9/5/2025
Genesis Plaza			6,168,604				6,276,273			Fixed				4.71	%		9/6/2025
Shea Center II			17,494,527				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			4,148,405				4,262,718			Fixed				3.27	%		8/5/2029
Grand Pacific Center (5) (7)			3,619,695				3,738,142			Fixed				4.02	%		8/1/2037
Subtotal, Presidio Property Trust, Inc. Properties		$	67,268,004			$	92,704,649
Model Home mortgage notes (3)			22,154,128				28,083,356			Fixed				(6	)			2022 - 2024
Mortgage Notes Payable		$	89,422,132			$	120,788,005
Unamortized loan costs			(562,300	)			(758,309	)
Mortgage Notes Payable, net		$	88,859,832			$	120,029,696

Contractual Obligation, Fiscal Year Maturity [Table Text Block]

		Commercial				Model
		Properties				Homes				Total Principal
Years ending December 31:		Notes Payable				Notes Payable				Payments
2022			3,577,700				8,633,455			$	12,211,155
2023			1,406,466				4,376,107				5,782,573
2024			10,379,660				9,144,566				19,524,226
2025			28,782,401				—				28,782,401
2025			16,644,046				—				16,644,046
Thereafter			6,477,731				—				6,477,731
Total		$	67,268,004			$	22,154,128			$	89,422,132

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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+ References

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