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Description of leasing arrangements and subsequent event (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Minimum Future Contractual Rental Payments to be Received

Minimum future contractual rental payments, inclusive of presently known scheduled rent increases to be received from non-cancellable long-term leases as of December 31, 2023 are:

 

Year ending December 31,

 

 

 

2024

 

$

4,248,000

 

2025

 

 

4,435,000

 

2026

 

 

4,480,000

 

2027

 

 

4,511,000

 

2028

 

 

4,511,000

 

2028-2153

 

 

730,997,000

 

 

$

753,182,000

 

Company's Revenue from Major Tenants

The following table sets forth those major tenants whose revenues exceed 10 percent of the Company’s revenues for the years ended December 31, 2023 and 2022:

 

 

 

2023

 

 

2022

 

Lamar Outdoor Advertising, LLC

 

$

1,231,000

 

 

$

1,255,000

 

Metropark

 

 

726,000

 

 

 

411,000

 

HGIT Center Place

 

 

641,000

 

 

 

625,000

 

1701 R.C. Sarasota Invest, LLC

 

 

618,000

 

 

 

618,000

 

Waterplace Condominiums

 

 

574,000

 

 

 

503,000

 

 

$

3,790,000

 

 

$

3,412,000