XML 36 R25.htm IDEA: XBRL DOCUMENT

Note 7 - Mortgage Notes Payable (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Schedule of Debt [Table Text Block]

		*Principal as of*
		*December 31,*				*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			9,442,976				9,677,108			Fixed				4.74	%		7/6/2024
Research Parkway			1,648,237				1,705,438			Fixed				3.94	%		1/5/2025
Arapahoe Service Center			7,602,273				7,770,887			Fixed				4.34	%		1/5/2025
Union Town Center			8,025,300				8,173,568			Fixed				4.28	%		1/5/2025
One Park Centre			6,163,177				6,276,849			Fixed				4.77	%		9/5/2025
Genesis Plaza			6,055,682				6,168,604			Fixed				4.71	%		9/6/2025
Shea Center II			17,229,573				17,494,527			Fixed				4.92	%		1/5/2026
West Fargo Industrial (6)			4,030,297				4,148,405			Fixed				3.27	%		8/5/2029
Grand Pacific Center (3)			3,496,330				3,619,695			Fixed				4.02	%		8/1/2037
Baltimore			5,670,000				—			Fixed				4.67	%		4/6/2032
Mandolin			3,635,362				—			Fixed				4.35	%			4/20/2029
Subtotal, Presidio Property Trust, Inc. Properties		$	72,999,207			$	67,268,004
Model Home mortgage notes (4) (5)			24,752,448				22,154,128			Fixed								2022 - 2025
Mortgage Notes Payable		$	97,751,655			$	89,422,132
Unamortized loan costs			(852,956	)			(562,300	)
Mortgage Notes Payable, net		$	96,898,699			$	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*
2023		$	1,470,877			$	6,799,272			$	8,270,149
2024			10,453,347				10,694,954				21,148,301
2025			28,851,691				7,258,222				36,109,913
2026			16,717,516				—				16,717,516
2027			364,407				—				364,407
Thereafter			15,141,369				—				15,141,369
Total		$	72,999,207			$	24,752,448			$	97,751,655