XML 34 R25.htm IDEA: XBRL DOCUMENT v3.23.2

Note 7 - Mortgage Notes Payable (Tables)

6 Months Ended

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

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
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (S-X 210.12-04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3

+ 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