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Schedule III, Real Estate and Related Depreciation
 12 Months Ended
Dec. 31, 2016
Real Estate And Accumulated Depreciation Disclosure [Abstract]  
Real Estate and Related Depreciation

GLOBAL SELF STORAGE, INC.

SCHEDUEL III

REAL ESTATE AND RELATED DEPRECIATION

December 31, 2016

 

 

 

 

 

 

 

 

 

 

Initial cost

 

 

 

 

 

 

Gross Carrying Amount

at December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

Description

 

Square

Footage

 

 

 

Encumbrances

 

Land

 

 

Buildings &

Improvements

 

 

Costs

Subsequent

to

Acquisition

 

 

Land

 

 

Buildings &

Improvements

 

 

Total

 

 

Accumulated

Depreciation

 

 

Year

Acquired

Clinton, CT

 

 

31,059

 

 

 

 

 

$

356,040

 

 

$

3,108,285

 

 

$

—

 

 

$

356,040

 

 

$

3,108,285

 

 

$

3,464,325

 

 

$

211

 

 

2016

Bolingbrook, IL

 

 

110,600

 

 

 

(A)

 

 

633,914

 

 

 

5,491,409

 

 

 

2,422,760

 

 

 

633,914

 

 

 

7,914,169

 

 

 

8,548,083

 

 

 

178,620

 

 

2013

Dolton, IL

 

 

86,725

 

 

 

(A)

 

 

614,413

 

 

 

5,227,313

 

 

 

9,611

 

 

 

614,413

 

 

 

5,236,924

 

 

 

5,851,337

 

 

 

141,594

 

 

2013

McCordsville, IN

 

 

81,471

 

 

 

 

 

 

770,000

 

 

 

6,776,000

 

 

 

14,573

 

 

 

770,000

 

 

 

6,790,573

 

 

 

7,560,573

 

 

 

44,703

 

 

2016

Merrillville, IN

 

 

71,720

 

 

 

(A)

 

 

597,229

 

 

 

6,104,011

 

 

 

94,605

 

 

 

597,229

 

 

 

5,198,616

 

 

 

5,795,845

 

 

 

133,910

 

 

2013

Millbrook, NY

 

 

13,391

 

(1)

 

 

 

 

313,950

 

 

 

2,723,468

 

 

 

—

 

 

 

313,950

 

 

 

2,723,468

 

 

 

3,037,418

 

 

 

184

 

 

2016

Millbrook, NY

 

 

1,875

 

(2)

 

 

 

 

110,010

 

 

 

177,427

 

 

 

—

 

 

 

110,010

 

 

 

177,427

 

 

 

287,437

 

 

 

60

 

 

2016

Rochester, NY

 

 

68,017

 

 

 

(A)

 

 

571,583

 

 

 

5,227,630

 

 

 

—

 

 

 

571,583

 

 

 

5,227,630

 

 

 

5,799,213

 

 

 

102,071

 

 

2012

Lima, OH

 

 

97,801

 

 

 

 

 

 

530,000

 

 

 

4,664,000

 

 

 

28,898

 

 

 

530,000

 

 

 

4,692,898

 

 

 

5,222,898

 

 

 

39,867

 

 

2016

Sadsburyville, PA

 

 

79,004

 

 

 

(A)

 

 

462,749

 

 

 

5,146,679

 

 

 

—

 

 

 

462,749

 

 

 

5,146,579

 

 

 

5,609,328

 

 

 

133,153

 

 

2012

Summerville, SC

 

 

72,700

 

(3)

 

(A)

 

 

345,160

 

 

 

2,989,159

 

 

 

5,475

 

 

 

345,160

 

 

 

2,994,634

 

 

 

3,339,794

 

 

 

63,506

 

 

2013

Summerville, SC

 

 

41,608

 

(4)

 

(A)

 

 

188,766

 

 

 

1,493,814

 

 

 

14,725

 

 

 

188,766

 

 

 

1,620,130

 

 

 

1,808,896

 

 

 

35,108

 

 

2013

 

 

 

755,971

 

 

 

 

 

$

5,493,814

 

 

$

49,129,195

 

 

$

2,590,647

 

 

$

5,493,814

 

 

$

50,831,333

 

 

$

56,325,147

 

 

$

872,987

 

 

 

 

(A)

This store is part of the Loan Agreement with at balance of $19,374,971 as of December 31, 2016.

(1)

Tuxis Self Storage I LLC.

(2)

Tuxis Real Estate II LLC, an adjacent property to Tuxis Self Storage I LLC.

(3)

SSG Summerville I LLC.

(4)

SSG Summerville II LLC.

Activity in storage properties during the period January 19, 2016 to December 31, 2016 was as follows:

 

Storage properties *

 

 

 

 

Balance at beginning of period

 

$

34,355,253.00

 

Acquisitions and improvements

 

 

22,295,262

 

Balance at end of period

 

$

56,650,515

 

 

 

 

 

 

Accumulated depreciation

 

 

 

 

Balance at beginning of period

 

$

—

 

Depreciation expense

 

 

(875,447

)

Balance at end of period

 

$

(875,447

)

Storage properties, net

 

$

55,775,068

 

 

*

These amounts include equipment that is housed at the Company's stores which is excluded from Schedule III above.