XML 34 R25.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Note 7 - Mortgage Notes Payable (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Notes Tables |
Schedule of Debt [Table Text Block] |
|  | Principal as of |  |  |  |  |  |  |  |  |  |
|  | September 30, |  |  | December 31, |  | Loan |  | Interest |  |  |  |  |
Mortgage note property |  | 2022 |  |  | 2021 |  | Type |  | Rate (1) |  |  | Maturity |
300 N.P. (2) |  |  | - |  |  |  | 2,232,923 |  | Fixed |  |  | 4.95 | % |  | 6/11/2022 |
Dakota Center |  |  | 9,502,870 |  |  |  | 9,677,108 |  | Fixed |  |  | 4.74 | % |  | 7/6/2024 |
Research Parkway |  |  | 1,662,749 |  |  |  | 1,705,438 |  | Fixed |  |  | 3.94 | % |  | 1/5/2025 |
Arapahoe Service Center |  |  | 7,645,349 |  |  |  | 7,770,887 |  | Fixed |  |  | 4.34 | % |  | 1/5/2025 |
Union Town Center |  |  | 8,063,205 |  |  |  | 8,173,568 |  | Fixed |  |  | 4.28 | % |  | 1/5/2025 |
One Park Centre |  |  | 6,192,311 |  |  |  | 6,276,849 |  | Fixed |  |  | 4.77 | % |  | 9/5/2025 |
Genesis Plaza |  |  | 6,084,613 |  |  |  | 6,168,604 |  | Fixed |  |  | 4.71 | % |  | 9/6/2025 |
Shea Center II |  |  | 17,297,630 |  |  |  | 17,494,527 |  | Fixed |  |  | 4.92 | % |  | 1/5/2026 |
West Fargo Industrial (6) |  |  | 4,060,187 |  |  |  | 4,148,405 |  | Fixed |  |  | 3.27 | % |  | 8/5/2029 |
Grand Pacific Center (3) (4) |  |  | 3,527,628 |  |  |  | 3,619,695 |  | Fixed |  |  | 4.02 | % |  | 8/1/2037 |
Baltimore |  |  | 5,670,000 |  |  |  | — |  | Fixed |  |  | 4.67 | % |  | 4/6/2032 |
Mandolin |  |  | 3,650,580 |  |  |  | — |  | Fixed |  |  | 4.35 | % |  | 4/20/2029 |
Subtotal, Presidio Property Trust, Inc. Properties |  | $ | 73,357,122 |  |  | $ | 67,268,004 |  |  |  |  |  |  |  |  |  |
Model Home mortgage notes (4) (5) |  |  | 21,471,355 |  |  |  | 22,154,128 |  | Fixed |  |  |  |  |  |  | 2022 - 2025 |
Mortgage Notes Payable |  | $ | 94,828,477 |  |  | $ | 89,422,132 |  |  |  |  |  |  |  |  |  |
Unamortized loan costs |  |  | (687,097 | ) |  |  | (562,300 | ) |  |  |  |  |  |  |  |  |
Mortgage Notes Payable, net |  | $ | 94,141,380 |  |  | $ | 88,859,832 |  |  |  |  |  |  |  |  |  |
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 |
2022 |  | $ | 384,630 |  |  | $ | 2,154,993 |  |  | $ | 2,539,623 |
2023 |  |  | 1,470,877 |  |  |  | 7,190,816 |  |  |  | 8,661,693 |
2024 |  |  | 10,452,033 |  |  |  | 9,882,495 |  |  |  | 20,334,528 |
2025 |  |  | 28,852,501 |  |  |  | 2,243,051 |  |  |  | 31,095,552 |
2026 |  |  | 16,719,855 |  |  |  | — |  |  |  | 16,719,855 |
Thereafter |  |  | 15,477,226 |  |  |  | — |  |  |  | 15,477,226 |
Total |  | $ | 73,357,122 |  |  | $ | 21,471,355 |  |  | $ | 94,828,477 |

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) + Details
Name: | srt_ContractualObligationFiscalYearMaturityScheduleTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration