Schedule III - Real Estate and Accumulated Depreciation and Amortization

12 Months Ended

Dec. 31, 2018

Real Estate And Accumulated Depreciation Disclosure [Abstract]

SEC Schedule III, Real Estate and Accumulated Depreciation and Amortization Disclosure

Presidio Property Trust, Inc. and Subsidiaries

Schedule III - Real Estate and Accumulated Depreciation and Amortization – as of December 31, 2018

All amounts are in thousands			Initial Cost								Total Cost						(1)
Property Name/ Location	Encumbrances		Land Cost		Building and Improvements		Acquisition Price		Capitalized Improvements		Land Cost		Building & Improvements		Total Cost		Accumulated Depreciation & Depreciation		Reserve for Impairment		NBV Real Estate		Date Acquired	Year Built/ Renovated
Garden Gateway, Colorado Springs, CO		6,271		3,035		12,091		15,126		2,721		3,035		10,833		16,589		5,423		—		11,166	03/07	1982/2006
Executive Park, Colorada Springs, CO		4,948		1,266		8,815		10,081		1,490		1,266		7,880		10,636		2,660		—		7,976	07/08	2000
Morena Center, San Diego, CA (2)		1,567		1,333		5,203		6,536		787		1,333		5,037		7,157		1,941		500		4,716	01/09	1985
Genesis Plaza, San Diego, CA		6,476		1,400		8,600		10,000		1,712		1,400		8,007		11,119		2,670		—		8,449	08/10	1989
Dakota Center, Fargo, ND		10,315		832		8,743		9,575		1,267		832		9,823		11,922		2,783		—		9,139	05/11	1982
The Presidio, Colorado Springs, CO		5,993		1,325		5,950		7,275		1,962		1,325		5,320		8,607		2,108		—		6,499	11/12	1985
Grand Pacific Center, Bismarck, ND		3,961		413		4,926		5,339		714		413		5,921		7,048		1,234		—		5,814	03/14	1976
Union Terrace, Lakewood, CO		6,354		1,717		7,708		9,425		3,246		1,717		5,749		10,712		2,729		—		7,983	08/14	1982
Centennial Tech Center, Colorado Springs, CO		9,746		2,025		13,475		15,500		3,250		2,025		10,545		15,820		2,860		—		12,960	12/14	1999
Arapahoe Center, Centennial, CO		8,234		1,420		10,430		11,850		2,076		1,420		8,844		12,340		2,089		—		10,251	12/14	2000
West Fargo Industrial, Fargo, ND		4,293		1,693		6,207		7,900		352		1,693		6,052		8,097		854		—		7,243	08/15	1998/2005
300 N.P., Fargo, ND		2,348		135		3,715		3,850		317		135		3,589		4,041		498		—		3,543	08/15	1922
Highland Court, Centennial, CO		6,568		3,608		9,442		13,050		3,093		3,608		7,756		14,457		2,612		—		11,845	08/15	1984
One Park Centre, Westimister, CO		6,586		1,206		7,944		9,150		1,389		1,206		7,366		9,961		1,508		—		8,453	08/15	1983
Shea Center II, Highlands Ranch, CO		17,728		2,214		23,747		25,961		5,449		2,214		19,425		27,088		4,430		—		22,658	12/15	2000
Total Office/ Industrial properties	$	101,388	$	23,622	$	136,996	$	160,618	$	29,825	$	23,622	$	122,147	$	175,594	$	36,399	$	500	$	138,695
World Plaza , San Bernardino, CA		3,351		1,698		6,232		7,930		1,116		1,698		6,263		9,077		2,197		700		6,180	09/07	1974
Waterman Plaza, San Bernardino, CA		3,370		2,350		4,814		7,164		556		2,383		4,324		7,263		1,453		833		4,977	08/08	2008
Union Town Center, Colorado Springs, CO		8,440		1,750		9,462		11,212		713		1,750		8,917		11,380		1,476		—		9,904	12/14	2003
Research Parkway, Colorado Springs, CO		1,864		408		2,442		2,850		159		408		2,349		2,916		327		—		2,589	8/15/2016	2003
Total Retail properties	$	17,025	$	6,206	$	22,950	$	29,156	$	2,544	$	6,239	$	21,853	$	30,636	$	5,453	$	1,533	$	23,650
Model Homes -NDMHR, LP		4,809		1,387		7,019		8,406		—		1,387		7,020		8,407		459		—		7,948	2010-2016	2010-2016
Model Homes-DMH LP #202		5,748		1,384		7,381		8,765		—		1,385		7,381		8,766		268		—		8,498	2014-2018	2014-2018
Model Homes-DMH LP #203		7,959		1,911		10,220		12,131		—		1,911		10,220		12,131		472				11,659	2016-2018	2016-2018
Model Homes-DMH LP #204		5,449		1,409		6,522		7,931				1,409		6,521		7,930		94				7,836	2018	2018
Model Homes-NDMH LLC		8,764		1,998		11,247		13,245		—		1,998		11,247		13,245		423		—		12,822	2016	2016
Total Model Home properties		32,729		8,089		42,389		50,478		—		8,090		42,389		50,479		1,716		—		48,763
																						—
CONSOLIDATED TOTALS:	$	151,142	$	37,917	$	202,335	$	240,252	$	32,369	$	37,951	$	186,389	$	256,709	$	43,568	$	2,033	$	211,108

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

(2) Property held for sale as of December 31, 2018 and sold for $5.6 million on January 15, 2019.

Presidio Property Trust, Inc. and Subsidiaries

Schedule III - Real Estate and Accumulated Depreciation and Amortization (continued) – as of December 31, 2018

	For the Year Ended December 31,
	2018			2017
Real estate
Balance at the beginning of the year	$	274,546,199		$	276,833,694
Acquisitions		17,326,915			17,560,745
Improvements		3,359,283			3,616,140
Impairments		(532,951	)		-
Dispositions of real estate		(40,023,572	)		(23,464,380	)
Balance at the end of the year	$	254,675,874		$	274,546,199
Accumulated depreciation and amortization
Balance at the beginning of the year	$	(40,012,255	)	$	(36,311,485	)
Depreciation and amortization expense		(8,452,012	)		(9,186,190	)
Dispositions of real estate		4,896,458			5,485,420
Balance at the end of the year	$	(43,567,809	)	$	(40,012,255	)