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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Summary of Concentration of Risk Percentage of Tenants

For the year ended December 31, 2021 and 2020, we had four tenants that each account for more than 10% of our rental revenue as indicated below:

 

 

 

2021

 

 

2020

 

Pratt and Whitney – Huntsville, AL property

 

17.8%

 

 

21.0%

 

General Services Administration – Walmer Ave.

   Norfolk, VA property

 

22.9%

 

 

25.3%

 

Maersk Shipping – Walmer Ave. Norfolk, VA property

 

9.7%

 

 

10.7%

 

PRA Holding – Corporate Blvd. Norfolk, VA property

 

18.9%

 

 

21.8%

 

Summary of Future Minimum Rental Cash Payments Due

The following table presents future minimum rental cash payments due to the Company over the next five calendar years and thereafter as of December 31, 2021:

 

 

 

Future Minimum

Rent Payments

 

2022

 

$

3,796,000

 

2023

 

 

3,427,000

 

2024

 

 

3,432,000

 

2025

 

 

3,296,000

 

2026

 

 

3,211,000

 

Thereafter

 

 

6,298,000

 

 

 

$

23,460,000