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Real Estate Assets (Tables)
3 Months Ended
Mar. 31, 2017
Real Estate Assets [Abstract]  
Real Estate Properties Owned

A summary of the properties owned by the Company as of March 31, 2017 is as follows:

 

 

 

 

 

 

 

Real estate

 

 

 

Date

 

 

 

assets, net

 

Property Name

 

Acquired

 

Location

 

(in thousands)

 

Garden Gateway Plaza

 

March 2007

 

Colorado Springs, Colorado

 

$

11,605

 

World Plaza

 

September 2007

 

San Bernardino, California

 

 

5,697

 

Executive Office Park

 

July 2008

 

Colorado Springs, Colorado

 

 

8,088

 

Waterman Plaza

 

August 2008

 

San Bernardino, California

 

 

5,722

 

Pacific Oaks Plaza

 

September 2008

 

Escondido, California

 

 

4,084

 

Morena Office Center

 

January 2009

 

San Diego, California

 

 

5,025

 

Genesis Plaza

 

August 2010

 

San Diego, California

 

 

8,803

 

Dakota Bank Buildings

 

May 2011

 

Fargo, North Dakota

 

 

10,018

 

Yucca Valley Retail Center

 

September 2011

 

Yucca Valley, California

 

 

6,687

 

Port of San Diego Complex

 

December 2011

 

San Diego, California

 

 

14,095

 

Shoreline Medical Building

 

May 2012

 

Half Moon Bay, California

 

 

5,821

 

The Presidio

 

November 2012

 

Aurora, Colorado

 

 

6,583

 

Bismarck

 

March 2014

 

Fargo, ND

 

 

5,422

 

Union Terrace Building

 

August 2014

 

Lakewood, Colorado

 

 

8,447

 

Centennial Tech Center

 

December 2014

 

Colorado Springs, Colorado

 

 

13,952

 

Arapahoe Service Center

 

December 2014

 

Centennial, Colorado

 

 

11,062

 

Union Town Center

 

December 2014

 

Colorado Springs, Colorado

 

 

10,476

 

West Fargo Industrial

 

August 2015

 

Fargo, North Dakota

 

 

7,597

 

300 N.P.

 

August 2015

 

Fargo, North Dakota

 

 

3,712

 

Research Parkway

 

August 2015

 

Colorado Springs, Colorado

 

 

2,759

 

One Parke Center

 

August 2015

 

Westminster, Colorado

 

 

8,539

 

Highland Court

 

August 2015

 

Centennial, Colorado

 

 

12,401

 

Shea Center II

 

December 2015

 

Highlands Ranch, Colorado

 

 

23,995

 

NetREIT, Inc properties

 

 

 

 

 

 

200,590

 

Model Home properties

 

2010-2016

 

AZ, CA, FL, IL, NC, NJ, PA, SC, TX, UT, WI

 

 

33,834

 

 

 

Total real estate assets and lease intangibles, net

 

$

234,424

 

 

Geographic Locations of Real Estate Properties Owned

The following tables show a list of properties owned by NetREIT, Inc. grouped by state location as of March 31, 2017:

State

 

No. of

Properties

 

 

Aggregate

Square Feet

 

 

Approximate %

of Square Feet

 

 

Current

Base Annual

Rent

 

 

Approximate %

of Aggregate

Annual Rent

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

California

 

 

8

 

 

 

436,022

 

 

 

25.5

%

 

$

6,673,885

 

 

 

28.5

%

Colorado

 

 

11

 

 

 

872,878

 

 

 

51.0

%

 

 

13,133,004

 

 

 

56.1

%

North Dakota

 

 

4

 

 

 

401,461

 

 

 

23.5

%

 

 

3,593,589

 

 

 

15.4

%

Total

 

 

23

 

 

 

1,710,361

 

 

 

100.0

%

 

$

23,400,478

 

 

 

100.0

%

 

Model Home properties:

State

 

No. of

Properties

 

 

Aggregate

Square Feet

 

 

Approximate %

of Square Feet

 

 

Current

Base Annual

Rent

 

 

Approximate

of Aggregate

% Annual Rent

 

Arizona

 

 

2

 

 

 

4,618

 

 

 

1.5

%

 

$

50,220

 

 

 

1.7

%

California

 

 

2

 

 

 

4,563

 

 

 

1.4

%

 

 

42,456

 

 

 

1.4

%

Florida

 

 

12

 

 

 

35,183

 

 

 

11.2

%

 

 

394,800

 

 

 

13.4

%

Illinois

 

 

4

 

 

 

11,876

 

 

 

3.8

%

 

 

130,476

 

 

 

4.4

%

New Jersey

 

 

4

 

 

 

10,379

 

 

 

3.3

%

 

 

101,820

 

 

 

3.5

%

North Carolina

 

 

4

 

 

 

13,623

 

 

 

4.3

%

 

 

144,540

 

 

 

4.9

%

Pennsylvania

 

 

13

 

 

 

36,764

 

 

 

11.7

%

 

 

420,768

 

 

 

14.3

%

South Carolina

 

 

4

 

 

 

10,829

 

 

 

3.4

%

 

 

109,428

 

 

 

3.7

%

Texas

 

 

56

 

 

 

172,180

 

 

 

54.7

%

 

 

1,400,388

 

 

 

47.5

%

Utah

 

 

3

 

 

 

9,918

 

 

 

3.1

%

 

 

99,816

 

 

 

3.4

%

Wisconsin

 

 

2

 

 

 

5,016

 

 

 

1.6

%

 

 

55,992

 

 

 

1.8

%

Total

 

 

106

 

 

 

314,949

 

 

 

100.0

%

 

$

2,950,704

 

 

 

100.0

%