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Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Schedule of Concentration Risk Percentage

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

%

Summary of future minimum base rental payments due to the company

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