XML 50 R41.htm IDEA: XBRL DOCUMENT v3.22.2

Note 7 - Mortgage Notes Payable - Mortgage Notes Payable (Details) - USD ($)

Jun. 30, 2022

Dec. 31, 2021

Mortgage Notes Payable, net

$ 93,933,234

$ 88,859,832

Mortgage Notes [Member]

Mortgage Notes Payable

94,650,709

89,422,132

Unamortized loan costs

(717,475)

(562,300)

Mortgage Notes [Member] | The 300 N.P [Member]

Mortgage Notes Payable

^[1]

$ 0

2,232,923

Interest rate

^[1],[2]

4.95%

Mortgage Notes [Member] | Dakota Center [Member]

Mortgage Notes Payable

$ 9,560,814

9,677,108

Interest rate

^[2]

4.74%

Mortgage Notes [Member] | Research Parkway [Member]

Mortgage Notes Payable

$ 1,677,119

1,705,438

Interest rate

^[2]

3.94%

Mortgage Notes [Member] | Arapahoe Center [Member]

Mortgage Notes Payable

$ 7,687,042

7,770,887

Interest rate

^[2]

4.34%

Mortgage Notes [Member] | Union Town Center [Member]

Mortgage Notes Payable

$ 8,099,754

8,173,568

Interest rate

^[2]

4.28%

Mortgage Notes [Member] | One Park Centre [Member]

Mortgage Notes Payable

$ 6,220,286

6,276,849

Interest rate

^[2]

4.77%

Mortgage Notes [Member] | Genesis Plaza [Member]

Mortgage Notes Payable

$ 6,112,415

6,168,604

Interest rate

^[2]

4.71%

Mortgage Notes [Member] | Shea Center II [Member]

Mortgage Notes Payable

$ 17,362,510

17,494,527

Interest rate

^[2]

4.92%

Mortgage Notes [Member] | West Fargo Industrial [Member]

Mortgage Notes Payable

^[3]

$ 4,089,833

4,148,405

Interest rate

^[2],[3]

3.27%

Mortgage Notes [Member] | Grand Pacific Center [Member]

Mortgage Notes Payable

^[4],[5]

$ 3,558,614

3,619,695

Interest rate

^[2],[4],[5]

4.02%

Mortgage Notes [Member] | Baltimore [Member]

Mortgage Notes Payable

$ 5,670,000

0

Interest rate

^[2]

4.67%

Mortgage Notes [Member] | Mandolin [Member]

Mortgage Notes Payable

$ 3,665,201

0

Interest rate

^[2]

4.35%

Mortgage Notes [Member] | Subtotal, Presidio Property Trust, Inc. Properties [Member]

Mortgage Notes Payable

$ 73,703,588

67,268,004

Mortgage Notes [Member] | Model Home [Member]

Mortgage Notes Payable

^[5],[6]

$ 20,947,121

$ 22,154,128

[1]	The mortgage note payable for 300 N.P. is an amortizing loan with a balloon payment of $2.2 million due at maturity, on June 11, 2022. The Company paid this note in full on May 11, 2022 with available cash on hand.
[2]	Interest rates as of June 30, 2022.
[3]	Interest rate is subject to possible reset on August 5, 2023.
[4]	Interest rate is subject to possible reset on September 1, 2023.
[5]	Property held for sale as of June 30, 2022. There were five model homes included as real estate assets held for sale.
[6]	Our model homes have stand-alone mortgage note at interest rates ranging from 2.50% to 5.18% per annum as of June 30, 2022.

X

- Definition

Amount of net mortgage notes payable.

+ References

No definition available.

+ Details

Name:	sqft_MortgageNotesPayableNet
Namespace Prefix:	sqft_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

The amount of notes payable including unamortized cost.

+ References

No definition available.

+ Details

Name:	sqft_NotesPayableIncludingUnamortizedCost
Namespace Prefix:	sqft_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Contractual interest rate for funds borrowed, under the debt agreement.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22(a)(1))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

+ Details

Name:	us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:percentItemType
Balance Type:	na
Period Type:	instant

X

- Definition

The remaining balance of debt issuance expenses that were capitalized and are being amortized against income over the lives of the respective bond issues. This does not include the amounts capitalized as part of the cost of the utility plant or asset.

+ References

No definition available.

+ Details

Name:	us-gaap_UnamortizedDebtIssuanceExpense
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Details

Name:	us-gaap_LongtermDebtTypeAxis=sqft_MortgageNotesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=sqft_The300NPMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=sqft_DakotaCenterMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=sqft_ResearchParkwayMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=sqft_ArapahoeCenterMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=sqft_UnionTownCenterMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=sqft_OneParkCentreMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=sqft_GenesisPlazaMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=sqft_SheaCenterIIMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=sqft_WestFargoIndustrialMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=sqft_GrandPacificCenterMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=sqft_BaltimoreMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=sqft_MandolinMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=sqft_SubtotalPresidioPropertyTrustIncPropertiesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=sqft_ModelHomeMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: