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Note 7 - Mortgage Notes Payable (Tables) | 12 Months Ended
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Dec. 31, 2023
Notes Tables |
Schedule of Debt [Table Text Block] |
|  | Principal as of |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, |  |  | December 31, |  |  | Loan |  |  | Interest |  |  |  |  |
Mortgage note property |  | 2023 |  |  | 2022 |  |  | Type |  |  | Rate (1) |  |  | Maturity |
Dakota Center (2) |  |  | 9,197,346 |  |  |  | 9,442,976 |  |  | Fixed |  |  |  | 4.74 | % |  | 7/6/2024 |
Research Parkway |  |  | 1,588,742 |  |  |  | 1,648,237 |  |  | Fixed |  |  |  | 3.94 | % |  | 1/5/2025 |
Arapahoe Service Center |  |  | 7,426,088 |  |  |  | 7,602,273 |  |  | Fixed |  |  |  | 4.34 | % |  | 1/5/2025 |
Union Town Center |  |  | 7,870,468 |  |  |  | 8,025,300 |  |  | Fixed |  |  |  | 4.28 | % |  | 1/5/2025 |
One Park Centre |  |  | 6,043,882 |  |  |  | 6,163,177 |  |  | Fixed |  |  |  | 4.77 | % |  | 9/5/2025 |
Genesis Plaza |  |  | 5,937,251 |  |  |  | 6,055,682 |  |  | Fixed |  |  |  | 4.71 | % |  | 9/6/2025 |
Shea Center II |  |  | 16,951,095 |  |  |  | 17,229,573 |  |  | Fixed |  |  |  | 4.92 | % |  | 1/5/2026 |
West Fargo Industrial (3) |  |  | 3,922,829 |  |  |  | 4,030,297 |  |  | Fixed |  |  |  | 6.70 | % |  | 8/5/2029 |
Grand Pacific Center (4) |  |  | 5,470,305 |  |  |  | 3,496,330 |  |  | Fixed |  |  |  | 6.35 | % |  | 5/5/2033 |
Baltimore |  |  | 5,670,000 |  |  |  | 5,670,000 |  |  | Fixed |  |  |  | 4.67 | % |  | 4/6/2032 |
Mandolin |  |  | 3,573,201 |  |  |  | 3,635,362 |  |  | Fixed |  |  |  | 4.35 | % |  |  | 4/20/2029 |
Subtotal, Presidio Property Trust, Inc. Properties |  | $ | 73,651,207 |  |  | $ | 72,999,207 |  |  |  |  |  |  |  |  |  |  |  |
Model Home mortgage notes (5) |  |  | 34,815,699 |  |  |  | 24,752,448 |  |  | Fixed |  |  |  |  |  |  |  | 2023 - 2028 |
Mortgage Notes Payable |  | $ | 108,466,906 |  |  | $ | 97,751,655 |  |  |  |  |  |  |  |  |  |  |  |
Unamortized loan costs |  |  | (753,633 | ) |  |  | (852,956 | ) |  |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable, net |  | $ | 107,713,273 |  |  | $ | 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 |
2024 |  | $ | 10,403,266 |  |  | $ | 13,088,440 |  |  | $ | 23,491,706 |
2025 |  |  | 28,772,504 |  |  |  | 10,404,945 |  |  |  | 39,177,449 |
2026 |  |  | 16,648,942 |  |  |  | 300,081 |  |  |  | 16,949,023 |
2027 |  |  | 294,780 |  |  |  | 300,081 |  |  |  | 594,861 |
2028 |  |  | 310,560 |  |  |  | 8,330,316 |  |  |  | 8,640,876 |
Thereafter |  |  | 17,221,155 |  |  |  | 2,391,836 |  |  |  | 19,612,991 |
Total |  | $ | 73,651,207 |  |  | $ | 34,815,699 |  |  | $ | 108,466,906 |

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