Presidio Property Trust, Inc. announced on February 25, 2025, the sale of two commercial properties, Union Town Center and Research Parkway, during January and February 2025.
These properties, a multi-building retail center in Colorado Springs, Colorado, were sold for a combined total of $16.95 million. The company had acquired these properties between 2014 and 2015 for approximately $14.1 million.
Prior to the sale, the combined book value of these commercial properties was approximately $11.6 million, indicating a gain on disposition as part of the company's portfolio optimization strategy.
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