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Note 7 - Mortgage Notes Payable (Tables) | 9 Months Ended
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Sep. 30, 2024
Notes Tables |
Schedule of Debt [Table Text Block] |
|  | Principal as of |  |  |  |  |  |  |  |  |  |
|  | September 30, |  |  | December 31, |  | Loan |  | Interest |  |  |  |  |
Mortgage note property |  | 2024 |  |  | 2023 |  | Type |  | Rate (1) |  |  | Maturity |
Dakota Center (2) |  | $ | 9,091,395 |  |  | $ | 9,197,346 |  | Fixed |  |  | 4.74 | % |  | 7/6/2024 |
Research Parkway (6) |  |  | 1,542,559 |  |  |  | 1,588,742 |  | Fixed |  |  | 3.94 | % |  | 1/5/2025 |
Arapahoe Service Center (6) |  |  | 7,289,903 |  |  |  | 7,426,088 |  | Fixed |  |  | 4.34 | % |  | 1/5/2025 |
Union Town Center (6) |  |  | 7,751,042 |  |  |  | 7,870,468 |  | Fixed |  |  | 4.28 | % |  | 1/5/2025 |
One Park Centre (6) |  |  | 5,951,566 |  |  |  | 6,043,882 |  | Fixed |  |  | 4.77 | % |  | 9/5/2025 |
Genesis Plaza (6) |  |  | 5,845,630 |  |  |  | 5,937,251 |  | Fixed |  |  | 4.71 | % |  | 9/6/2025 |
Shea Center II |  |  | 16,735,875 |  |  |  | 16,951,095 |  | Fixed |  |  | 4.92 | % |  | 1/5/2026 |
West Fargo Industrial (3) |  |  | 5,750,000 |  |  |  | 3,922,829 |  | Fixed |  |  | 7.14 | % |  | 7/6/2029 |
Grand Pacific Center (4) |  |  | 6,477,723 |  |  |  | 5,470,305 |  | Fixed |  |  | 6.35 | % |  | 5/5/2033 |
Baltimore |  |  | 5,670,000 |  |  |  | 5,670,000 |  | Fixed |  |  | 4.67 | % |  | 4/6/2032 |
Mandolin |  |  | 3,525,307 |  |  |  | 3,573,201 |  | Fixed |  |  | 4.35 | % |  | 4/20/2029 |
Subtotal, Presidio Property Trust, Inc. Properties |  | $ | 75,631,000 |  |  | $ | 73,651,207 |  |  |  |  |  |  |  |  |  |
Model Home mortgage notes (5) |  |  | 27,537,755 |  |  |  | 34,815,699 |  | Fixed |  |  |  |  |  |  | 2024 - 2029 |
Mortgage Notes Payable |  | $ | 103,168,755 |  |  | $ | 108,466,906 |  |  |  |  |  |  |  |  |  |
Unamortized loan costs |  |  | (849,536 | ) |  |  | (753,633 | ) |  |  |  |  |  |  |  |  |
Mortgage Notes Payable, net |  | $ | 102,319,219 |  |  | $ | 107,713,273 |  |  |  |  |  |  |  |  |  |
Contractual Obligation, Fiscal Year Maturity [Table Text Block] |
|  | Commercial |  |  | Model |  |  |  |  |
|  | Properties |  |  | Homes |  |  | Total Principal |
Years ending December 31: |  | Notes Payable |  |  | Notes Payable |  |  | Payments |
2024 |  | $ | 9,367,570 |  |  | $ | 2,321,811 |  |  | $ | 11,689,381 |
2025 |  |  | 28,644,941 |  |  |  | 8,885,311 |  |  |  | 37,530,252 |
2026 |  |  | 16,521,100 |  |  |  | 1,008,650 |  |  |  | 17,529,750 |
2027 |  |  | 157,739 |  |  |  | 551,267 |  |  |  | 709,006 |
2028 |  |  | 168,907 |  |  |  | 9,119,969 |  |  |  | 9,288,876 |
Thereafter |  |  | 20,770,743 |  |  |  | 5,650,747 |  |  |  | 26,421,490 |
Total |  | $ | 75,631,000 |  |  | $ | 27,537,755 |  |  | $ | 103,168,755 |

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