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

During the nine months ended September 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

 

16

%

 

<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 rental cash payments due to the Company over the next five years and thereafter as of September 30, 2022:

 

 

As of September 30,

 

 

2022

 

2022 (3 months remaining)

 

1,267,833

 

2023

 

4,706,826

 

2024

 

4,775,024

 

2025

 

4,635,711

 

2026

 

4,513,724

 

Thereafter

 

9,130,039

 

 

 

29,029,157