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Leases
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Leases

Note 9 – Leases

Future Minimum Rents

During the six months ended June 30, 2022 and 2021, the Company had four tenants that each account for more than 10% of its rental revenue as indicated below:

 

2022

 

 

2021

 

General Services Administration - Norfolk, VA & Manteo, NC

 

21

%

 

 

25

%

PRA Holdings, Inc. - Norfolk, VA

 

15

%

 

 

20

%

Pratt & Whitney Automation, Inc. - Huntsville, AL

 

14

%

 

 

17

%

Kohl's Corporation - Tucson, AZ

 

11

%

 

<10%

 

Maersk Line, Limited - Norfolk, VA

<10%

 

 

 

10

%

The following table presents future minimum base rental cash payments due to the Company over the next five years and thereafter as of June 30, 2022:

 

 

As of June 30,

 

 

2022

 

2022

 

2,517,849

 

2023

 

4,628,195

 

2024

 

4,674,729

 

2025

 

4,547,481

 

2026

 

4,425,322

 

Thereafter

 

8,987,943

 

 

 

29,781,519