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Schedule III - Real Estate and Accumulated Depreciation and Amortization

12 Months Ended

Dec. 31, 2022

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, 2022

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		$	6,056			$	1,400			$	8,600			$	10,000			$	2,976			$	1,400			$	11,576			$	12,976			$	4,980			$	—			$	7,996			08/10					1989
Dakota Center, Fargo, ND			9,443				832				8,743				9,575				3,199				832				11,942				12,774				4,205				—				8,570			05/11					1982
Grand Pacific Center, Bismarck, ND			3,496				413				4,926				5,339				2,165				413				7,091				7,504				2,276				—				5,228			03/14					1976
Arapahoe Center, Centennial, CO			7,602				1,420				10,430				11,850				675				1,420				11,105				12,525				3,860				—				8,665			12/14					2000
West Fargo Industrial, Fargo, ND			4,030				1,693				6,207				7,900				462				1,693				6,669				8,362				1,469				—				6,893			08/15				1998/2005
300 N.P., Fargo, ND			—				135				3,715				3,850				363				135				4,078				4,213				1,006				308.0				2,899			08/15					1922
One Park Centre, Westminster, CO			6,163				1,206				7,944				9,150				1,927				1,206				9,871				11,077				3,085				—				7,992			08/15					1983
Shea Center II, Highlands Ranch, CO			17,230				2,214				23,747				25,961				2,754				2,214				26,501				28,715				9,213				—				19,502			12/15					2000
McElderry, Baltimore, MD			5,670				215				8,677				8,892				29				215				8,705				8,920				230								8,691			12/20					2006
Total Office/ Industrial properties			59,690				9,528				82,989				92,517				14,551				9,528				97,539				107,067				30,323				308.0				76,436

Union Town Center, Colorado Springs, CO			8,025				1,750				9,462				11,212				174				1,750				9,636				11,386				2,347				—				9,039			12/14					2003
Research Parkway, Colorado Springs, CO			1,648				408				2,442				2,850				(44	)			408				2,398				2,806				486				—				2,320			08/16					2003
Mandolin, Houston, TX			3,635				1,330				3,562				4,892				15				1,330				3,577				4,907				122				—				4,784			08/21					2021
Total Retail properties			13,309				3,488				15,466				18,954				145				3,488				15,611				19,099				2,955				—				16,143

Model Homes-DMH LP #202			178				189				918				1,107				—				189				918				1,107				113				—				994				2017-2018				2017-2018
Model Homes-DMH LP #203			1,870				564				2,490				3,055				—				564				2,490				3,055				247				—				2,808				2017-2019				2017-2019
Model Homes-DMH LP #204			1,169				542				2,799				3,340				—				542				2,799				3,340				251				—				3,089				2018-2020				2018-2020
Model Homes-DMH LP #205			3,655				1,115				4,719				5,834				—				1,115				4,719				5,834				371				—				5,463				2019-2020				2019-2020
Model Homes-DMH LP #206			1,471				289				2,002				2,292				—				289				2,002				2,292				107				—				2,184				2020-2021				2020-2021
Model Homes-NMH Inc.			16,410				3,475				20,357				23,831				—				3,475				20,357				23,831				436				—				23,396				2018-2022				2018-2022
Total Model Home properties			24,752				6,174				33,285				39,459				—				6,174				33,285				39,459				1,525				—				37,934

CONSOLIDATED TOTALS:		$	97,752			$	19,190			$	131,739			$	150,930			$	14,695			$	19,190			$	146,435			$	165,625			$	34,804			$	308			$	130,513

(1) Depreciation is computed on a straight-line basis using useful lives up to 39 years.

Presidio Property Trust, Inc. and Subsidiaries

Schedule III - Real Estate and Accumulated Depreciation and Amortization (continued) – as of December 31, 2022

		*For the Year Ended December 31,*
		*2022*				*2021*
Real estate
Balance at the beginning of the year		$	171,013,693			$	208,641,166
Acquisitions			15,673,575				22,224,826
Improvements			2,107,503				1,598,105
Impairments			-				(608,000	)
Dispositions of real estate			(23,478,763	)			(60,842,404	)
Balance at the end of the year		$	165,316,008			$	171,013,693
Accumulated depreciation and amortization
Balance at the beginning of the year		$	(32,948,757	)		$	(42,387,199	)
Depreciation and amortization expense			(5,015,491	)			(5,029,579	)
Dispositions of real estate			3,160,470				14,468,021
Balance at the end of the year		$	(34,803,778	)		$	(32,948,757	)

Real estate assets, net		$	130,512,230			$	138,064,936