secwatch.observer — SEC 8-K summary
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Issuer:     Presidio Property Trust, Inc. (SQFT)
CIK:        0001080657
Form:       8-K
Filed at:   2025-03-14T23:59:59+00:00
Accession:  0001493152-25-010400
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 2.04
LLM model:  deepseek-v4-flash:cloud@v2

Presidio Property Trust reports maturity default on $11.1M loan secured by Dakota Center
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- Default on $11.1M non-recourse loan (June 2014) secured by Dakota Center in Fargo, ND.
- Working with lender and special servicer to sell property and settle debt.
- Default interest rate increases to 5% above original rate; Company pays lender's expenses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1080657/000149315225010400/0001493152-25-010400-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1080657/000149315225010400/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-010400

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