Schedule III, Real Estate and Related Depreciation

12 Months Ended

Dec. 31, 2023

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, 2023

			Initial cost						Gross Carrying Amount at December 31, 2023
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		43,528		356,040	$	3,151,813	$	3,507,853	$	545,116
Bolingbrook, IL (B)		113,700		633,914		5,491,409		2,488,142		633,914		7,979,551		8,613,465		1,631,687
Dolton, IL (B)		86,590		614,413		5,227,313		52,466		614,413		5,279,779		5,894,192		1,113,932
McCordsville, IN (A)		76,335		770,000		6,776,000		497,478		770,000		7,273,478		8,043,478		1,276,122
Merrillville, IN (B)		81,270		597,229		5,104,011		477,001		597,229		5,581,012		6,178,241		1,153,502
Millbrook, NY (A)		24,482		423,960		2,900,895		2,366,532		423,960		5,267,427		5,691,387		736,409
Rochester, NY (B)		68,311		571,583		5,227,630		34,843		571,583		5,262,473		5,834,056		1,074,892
Lima, OH (A)		94,928		530,000		4,664,000		389,070		530,000		5,053,070		5,583,070		881,873
Sadsburyville, PA (B)		78,875		462,749		5,146,579		41,067		462,749		5,187,646		5,650,395		1,101,215
Summerville, SC (B) (1)		76,460		345,160		2,989,159		103,589		345,160		3,092,748		3,437,908		626,833
Summerville, SC (B) (2)		43,110		188,766		1,605,405		32,614		188,766		1,638,019		1,826,785		333,809
West Henrietta, NY (A)		55,550		628,251		5,229,481		278,128		628,251		5,507,609		6,135,860		447,705
		830,019	$	6,122,065	$	53,470,167	$	6,804,458	$	6,122,065	$	60,274,625	$	66,396,690	$	10,923,095

(A)This property is held as collateral under the Revolver. There was no outstanding balance under the Revolver as of December 31, 2023.

(B)This property is held as collateral under the Loan Agreement with an outstanding balance of $17,244,687 as of December 31, 2023.

(1)SSG Summerville I LLC.

(2)SSG Summerville II LLC.

Activity in storage properties during the years ended December 31, 2023 and 2022 is as follows:

	2023			2022
Storage properties *
Balance at beginning of period	$	66,806,458		$	66,693,125
Improvements		231,104			113,333
Balance at end of period		67,037,562			66,806,458
Accumulated depreciation
Balance at beginning of period		(9,922,298	)		(8,303,059	)
Depreciation expense		(1,634,044	)		(1,619,239	)
Balance at end of period		(11,556,342	)		(9,922,298	)
Storage properties, net	$	55,481,220		$	56,884,160

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

As of December 31, 2023, the aggregate cost of real estate for U.S. federal income tax purposes was $62,766,523.