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Note 7 - Mortgage Notes Payable (Tables) | 3 Months Ended
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Mar. 31, 2024
Notes Tables |
Schedule of Debt [Table Text Block] |
|  | Principal as of |  |  |  |  |  |  |  |  |  |
|  | March 31, |  |  | December 31, |  | Loan |  | Interest |  |  |  |  |
Mortgage note property |  | 2024 |  |  | 2023 |  | Type |  | Rate (1) |  |  | Maturity |
Dakota Center (2) (6) |  | $ | 9,133,793 |  |  | $ | 9,197,346 |  | Fixed |  |  | 4.74 | % |  | 7/6/2024 |
Research Parkway (6) |  |  | 1,573,499 |  |  |  | 1,588,742 |  | Fixed |  |  | 3.94 | % |  | 1/5/2025 |
Arapahoe Service Center (6) |  |  | 7,380,609 |  |  |  | 7,426,088 |  | Fixed |  |  | 4.34 | % |  | 1/5/2025 |
Union Town Center (6) |  |  | 7,830,479 |  |  |  | 7,870,468 |  | Fixed |  |  | 4.28 | % |  | 1/5/2025 |
One Park Centre |  |  | 6,012,959 |  |  |  | 6,043,882 |  | Fixed |  |  | 4.77 | % |  | 9/5/2025 |
Genesis Plaza |  |  | 5,906,568 |  |  |  | 5,937,251 |  | Fixed |  |  | 4.71 | % |  | 9/6/2025 |
Shea Center II (6) |  |  | 16,878,736 |  |  |  | 16,951,095 |  | Fixed |  |  | 4.92 | % |  | 1/5/2026 |
West Fargo Industrial (3) |  |  | 3,902,517 |  |  |  | 3,922,829 |  | Fixed |  |  | 6.70 | % |  | 8/5/2029 |
Grand Pacific Center (4) |  |  | 6,258,676 |  |  |  | 5,470,305 |  | Fixed |  |  | 6.35 | % |  | 5/5/2033 |
Baltimore |  |  | 5,670,000 |  |  |  | 5,670,000 |  | Fixed |  |  | 4.67 | % |  | 4/6/2032 |
Mandolin |  |  | 3,557,127 |  |  |  | 3,573,201 |  | Fixed |  |  | 4.35 | % |  | 4/20/2029 |
Subtotal, Presidio Property Trust, Inc. Properties |  | $ | 74,104,963 |  |  | $ | 73,651,207 |  |  |  |  |  |  |  |  |  |
Model Home mortgage notes (5) |  |  | 28,869,418 |  |  |  | 34,815,699 |  | Fixed |  |  |  |  |  |  | 2024 - 2029 |
Mortgage Notes Payable |  | $ | 102,974,381 |  |  | $ | 108,466,906 |  |  |  |  |  |  |  |  |  |
Unamortized loan costs |  |  | (681,684 | ) |  |  | (753,633 | ) |  |  |  |  |  |  |  |  |
Mortgage Notes Payable, net |  | $ | 102,292,697 |  |  | $ | 107,713,273 |  |  |  |  |  |  |  |  |  |
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 |  | $ | 10,038,091 |  |  | $ | 7,004,803 |  |  | $ | 17,042,894 |
2025 |  |  | 28,772,939 |  |  |  | 9,762,814 |  |  |  | 38,535,753 |
2026 |  |  | 16,651,295 |  |  |  | 873,594 |  |  |  | 17,524,889 |
2027 |  |  | 294,780 |  |  |  | 387,354 |  |  |  | 682,134 |
2028 |  |  | 310,560 |  |  |  | 9,568,713 |  |  |  | 9,879,273 |
Thereafter |  |  | 18,037,298 |  |  |  | 1,272,140 |  |  |  | 19,309,438 |
Total |  | $ | 74,104,963 |  |  | $ | 28,869,418 |  |  | $ | 102,974,381 |

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