Schedule III, Real Estate and Related Depreciation

12 Months Ended

Dec. 31, 2022

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Real Estate and Related Depreciation

GLOBAL SELF STORAGE, INC.

SCHEDULE III

REAL ESTATE AND RELATED DEPRECIATION

December 31, 2022

			Initial cost						Gross Carrying Amount at December 31, 2022
Description	Square Footage		Land		Buildings & Improvements		Costs Subsequent to Acquisition		Land		Buildings & Improvements		Total		Accumulated Depreciation
Clinton, CT (A)		30,408	$	356,040	$	3,108,285	$	31,585	$	356,040	$	3,139,870	$	3,495,910	$	466,465
Bolingbrook, IL (B)		113,700		633,914		5,491,409		2,474,088		633,914		7,965,497		8,599,411		1,422,875
Dolton, IL (B)		86,590		614,413		5,227,313		27,461		614,413		5,254,774		5,869,187		974,572
McCordsville, IN (A)		76,360		770,000		6,776,000		494,383		770,000		7,270,383		8,040,383		1,094,755
Merrillville, IN (B)		80,970		597,229		5,104,011		470,495		597,229		5,574,506		6,171,735		1,006,423
Millbrook, NY (A)		24,482		423,960		2,900,895		2,366,230		423,960		5,267,125		5,691,085		597,966
Rochester, NY (B)		68,311		571,583		5,227,630		16,064		571,583		5,243,694		5,815,277		935,014
Lima, OH (A)		94,883		530,000		4,664,000		277,060		530,000		4,941,060		5,471,060		757,376
Sadsburyville, PA (B)		78,875		462,749		5,146,579		40,378		462,749		5,186,957		5,649,706		963,185
Summerville, SC (B) (1)		76,460		345,160		2,989,159		87,949		345,160		3,077,108		3,422,268		543,466
Summerville, SC (B) (2)		42,860		188,766		1,605,405		24,787		188,766		1,630,192		1,818,958		291,157
West Henrietta, NY (A)		55,550		628,251		5,229,481		266,502		628,251		5,495,983		6,124,234		309,186
		829,449	$	6,122,065	$	53,470,167	$	6,576,982	$	6,122,065	$	60,047,149	$	66,169,214	$	9,362,440

(A)This property is held as collateral under the Revolver. There was no outstanding balance under the Revolver as of December 31, 2022.

(B)This property is held as collateral under the Loan Agreement with an outstanding balance of $17,801,456 as of December 31, 2022.

(1)SSG Summerville I LLC.

(2)SSG Summerville II LLC.

Activity in storage properties during the years ended December 31, 2022 and 2021 is as follows:

	2022			2021
Storage properties *
Balance at beginning of period	$	66,693,125		$	66,439,983
Improvements		113,333			253,142
Balance at end of period		66,806,458			66,693,125
Accumulated depreciation
Balance at beginning of period		(8,303,059	)		(6,671,450	)
Depreciation expense		(1,619,239	)		(1,631,609	)
Balance at end of period		(9,922,298	)		(8,303,059	)
Storage properties, net	$	56,884,160		$	58,390,066

* These amounts include equipment that is housed at the Company’s properties which is excluded from Schedule III above.

As of December 31, 2022, the aggregate cost of real estate for U.S. federal income tax purposes was $62,535,407.