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Note 7 - Mortgage Notes Payable (Tables) | 6 Months Ended
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Jun. 30, 2023
Notes Tables |
Schedule of Debt [Table Text Block] |
|  | Principal as of |  |  |  |  |  |  |  |  |  |
|  | June 30, |  |  | December 31, |  | Loan |  | Interest |  |  |  |  |
Mortgage note property |  | 2023 |  |  | 2022 |  | Type |  | Rate (1) |  |  | Maturity |
Dakota Center |  |  | 9,321,018 |  |  |  | 9,442,976 |  | Fixed |  |  | 4.74 | % |  | 7/6/2024 |
Research Parkway |  |  | 1,618,782 |  |  |  | 1,648,237 |  | Fixed |  |  | 3.94 | % |  | 1/5/2025 |
Arapahoe Service Center |  |  | 7,514,694 |  |  |  | 7,602,273 |  | Fixed |  |  | 4.34 | % |  | 1/5/2025 |
Union Town Center |  |  | 7,948,249 |  |  |  | 8,025,300 |  | Fixed |  |  | 4.28 | % |  | 1/5/2025 |
One Park Centre |  |  | 6,103,844 |  |  |  | 6,163,177 |  | Fixed |  |  | 4.77 | % |  | 9/5/2025 |
Genesis Plaza |  |  | 5,996,779 |  |  |  | 6,055,682 |  | Fixed |  |  | 4.71 | % |  | 9/6/2025 |
Shea Center II |  |  | 17,090,897 |  |  |  | 17,229,573 |  | Fixed |  |  | 4.92 | % |  | 1/5/2026 |
West Fargo Industrial (2) |  |  | 3,969,781 |  |  |  | 4,030,297 |  | Fixed |  |  | 3.27 | % |  | 8/5/2029 |
Grand Pacific Center (3) |  |  | 3,816,980 |  |  |  | 3,496,330 |  | Fixed |  |  | 6.35 | % |  | 5/5/2033 |
Baltimore |  |  | 5,670,000 |  |  |  | 5,670,000 |  | Fixed |  |  | 4.67 | % |  | 4/6/2032 |
Mandolin |  |  | 3,604,414 |  |  |  | 3,635,362 |  | Fixed |  |  | 4.35 | % |  | 4/20/2029 |
Subtotal, Presidio Property Trust, Inc. Properties |  | $ | 72,655,438 |  |  | $ | 72,999,207 |  |  |  |  |  |  |  |  |  |
Model Home mortgage notes (4) |  |  | 31,527,788 |  |  |  | 24,752,448 |  | Fixed |  |  |  |  |  |  | 2023 - 2028 |
Mortgage Notes Payable |  | $ | 104,183,226 |  |  | $ | 97,751,655 |  |  |  |  |  |  |  |  |  |
Unamortized loan costs |  |  | (844,267 | ) |  |  | (852,956 | ) |  |  |  |  |  |  |  |  |
Mortgage Notes Payable, net |  | $ | 103,338,959 |  |  | $ | 96,898,699 |  |  |  |  |  |  |  |  |  |
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 |  | $ | 704,249 |  |  | $ | 3,097,313 |  |  | $ | 3,801,562 |
2024 |  |  | 10,399,349 |  |  |  | 12,538,361 |  |  |  | 22,937,710 |
2025 |  |  | 28,773,463 |  |  |  | 10,527,628 |  |  |  | 39,301,091 |
2026 |  |  | 16,651,236 |  |  |  | 150,639 |  |  |  | 16,801,875 |
2027 |  |  | 294,780 |  |  |  | 150,639 |  |  |  | 445,419 |
Thereafter |  |  | 15,832,361 |  |  |  | 5,063,208 |  |  |  | 20,895,569 |
Total |  | $ | 72,655,438 |  |  | $ | 31,527,788 |  |  | $ | 104,183,226 |

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