secwatch.observer — SEC 8-K summary
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Issuer:     Presidio Property Trust, Inc. (SQFT)
CIK:        0001080657
Form:       8-K
Filed at:   2026-01-23T23:59:59+00:00
Accession:  0001493152-26-003424
Event type: debt
Sentiment:  negative
Materiality: 0.80
Item codes: 2.04
LLM model:  deepseek-v4-flash:cloud@v2

Presidio receives default notice on $17.7M note; foreclosure threat on Colorado property
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- Borrower failed to repay $17.7M note due Jan 5, 2026; Lender alleges event of default.
- Default interest rate raised to 5% above original 4.92% (approx 9.92% per annum).
- Lender has right to foreclose on Shea Center II property in Douglas County, Colorado.
- Lender revoked borrower's license to collect rents from the property.
- Company exploring options to cure the alleged default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1080657/000149315226003424/0001493152-26-003424-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1080657/000149315226003424/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-003424

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer