Schedule III - Real Estate and Accumulated Depreciation and Amortization

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Text Block]

Presidio Property Trust, Inc. and Subsidiaries

Schedule III - Real Estate and Accumulated Depreciation and Amortization – as of December 31, 2023

All amounts are in thousands			Initial Cost									Total Cost						(1		)
Property Name/ Location	Encumbrances		Land Cost		Building & Improvements		Acquisition Price		Capitalized Improvements			Land Cost		Building & Improvements		Total Cost		Accumulated Depreciation & Amortization			Reserve for Impairment		NBV Real Estate		Date Acquired		Year Built/ Renovated
Genesis Plaza, San Diego, CA	$	5,937	$	1,400	$	8,600	$	10,000	$	3,169		$	1,400	$	11,769	$	13,169	$	5,626		$	—	$	7,543	08/10			1989
Dakota Center, Fargo, ND		9,197		832		8,743		9,575		4,228			832		12,971		13,803		4,601			—		9,202	05/11			1982
Grand Pacific Center, Bismarck, ND		5,470		413		4,926		5,339		5,206			413		10,407		10,820		2,546			—		8,274	03/14			1976
Arapahoe Center, Centennial, CO		7,426		1,420		10,430		11,850		1,601			1,420		12,031		13,451		4,109			—		9,342	12/14			2000
West Fargo Industrial, Fargo, ND		3,923		1,693		6,207		7,900		657			1,693		6,864		8,557		1,737			—		6,820	08/15		1998/2005
300 N.P., Fargo, ND		—		135		3,715		3,850		371			135		4,086		4,221		1,139			308.0		2,774	08/15			1922/2004
One Park Centre, Westminster, CO		6,044		1,206		7,944		9,150		2,070			1,206		10,014		11,220		3,553			1,966.1		5,700	08/15			1983
Shea Center II, Highlands Ranch, CO		16,951		2,214		23,747		25,961		3,451			2,214		27,198		29,412		10,044			—		19,368	12/15			2000
McElderry, Baltimore, MD		5,670		215		8,677		8,892		29			215		8,705		8,920		454					8,466	12/20			2006
Total Office/ Industrial properties		60,619		9,528		82,989		92,517		20,781			9,528		104,045		113,573		33,810			2,274.1		77,489
																	-
Union Town Center, Colorado Springs, CO		7,870		1,750		9,462		11,212		317			1,750		9,779		11,529		2,610			—		8,919	12/14			2003
Research Parkway, Colorado Springs, CO		1,589		408		2,442		2,850		(37	)		408		2,405		2,813		547			—		2,266	08/16			2003
Mandolin, Houston, TX		3,573		1,330		3,562		4,892		15			1,330		3,577		4,907		214			—		4,693	08/21			2021
Total Retail properties		13,032		3,488		15,466		18,954		295			3,488		15,761		19,249		3,371			—		15,878
																	-
Model Homes-DMH LP #202		269		83		400		483		—			83		400		483		64			—		419		2017-2018		2017
Model Homes-DMH LP #203		643		202		858		1,060		—			202		858		1,060		96			—		964		2017-2019		2019
Model Homes-DMH LP #204		940		278		1,286		1,564		—			278		1,286		1,564		137			—		1,427		2018-2020		2018-2020
Model Homes-DMH LP #205		2,762		791		3,732		4,523		—			791		3,732		4,523		380			—		4,142		2019-2020		2019-2020
Model Homes-DMH LP #206		1,416		289		2,002		2,292		—			289		2,002		2,292		158			—		2,133		2020-2021		2020-2021
Model Homes-DMH LP #207		5,065		1,323		5,938		7,262		—			1,323		5,938		7,262		17			—		7,244		2023		2023
Model Homes-NMH Inc.		24,270		5,679		30,262		35,941		—			5,679		30,262		35,941		1,050			432.0		34,460		2018-2022		2018 - 2023
Total Model Home properties		35,363		8,646		44,478		53,124		—			8,646		44,478		53,124		1,902			432.0		50,789
																								—
CONSOLIDATED TOTALS:	$	109,014	$	21,662	$	142,933	$	164,595	$	21,076		$	21,662	$	164,284	$	185,946	$	39,083		$	2,706	$	144,156

(1)     Depreciation is computed on a straight-line basis using useful lives up to 39 years.

Presidio Property Trust, Inc. and Subsidiaries

Schedule III - Real Estate and Accumulated Depreciation and Amortization (continued) – as of December 31, 2023

	For the Year Ended December 31,
	2023			2022
Real estate
Balance at the beginning of the year	$	165,316,008		$	171,013,693
Acquisitions		21,909,963			15,673,575
Improvements		6,663,116			2,107,503
Impairments		(2,398,097.0	)		—
Dispositions of real estate		(8,252,089	)		(23,478,763	)
Balance at the end of the year	$	183,238,901		$	165,316,008
Accumulated depreciation and amortization
Balance at the beginning of the year	$	(34,803,778	)	$	(32,948,757	)
Depreciation and amortization expense		(4,925,463	)		(5,015,491	)
Dispositions of real estate		646,124			3,160,470
Balance at the end of the year	$	(39,083,117	)	$	(34,803,778	)
Real estate assets, net	$	144,155,784		$	130,512,230