SQFTW · Presidio Property Trust, Inc.

Summary

Presidio Property Trust, Inc. and its subsidiary NetREIT SC II, LLC received a Default Notice from Wells Fargo Bank on January 21, 2026, for failure to repay a $17,727,500 promissory note by January 5, 2026. On February 13, 2026, a receiver Trigild IVL was appointed over the Shea Center II property in Douglas County, Colorado, with Borrower Parties enjoined from collecting rents or interfering.

Key takeaways

• Default Notice received January 21, 2026 from Wells Fargo Bank
• Failure to repay $17,727,500 promissory note dated December 24, 2015 by January 5, 2026
• Property: Shea Center II in Douglas County, Colorado
• Receiver Trigild IVL appointed February 13, 2026 via court Order
• Borrower Parties restrained from collecting rents or interfering with Property
• Receiver has full authority to operate, manage, and preserve Property