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Schedule III, Real Estate and Related Depreciation
 12 Months Ended
Dec. 31, 2017
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, 2017

 

 

 

 

 

 

 

 

Initial cost

 

 

 

 

 

 

Gross Carrying Amount

at December 31, 2017

 

 

 

 

 

 

 

 

 

Description

 

Square

Footage

 

 

 

Land

 

 

Buildings &

Improvements

 

 

Costs

Subsequent

to

Acquisition

 

 

Land

 

 

Buildings &

Improvements

 

 

Total

 

 

Accumulated

Depreciation

 

Clinton, CT

 

 

30,338

 

 

 

$

356,040

 

 

$

3,108,285

 

 

$

11,927

 

 

$

356,040

 

 

$

3,120,212

 

 

$

3,476,252

 

 

$

77,480

 

Bolingbrook, IL (A)

 

 

111,200

 

 

 

 

633,914

 

 

 

5,491,409

 

 

 

2,435,760

 

 

 

633,914

 

 

 

7,927,169

 

 

 

8,561,083

 

 

 

385,193

 

Dolton, IL (A)

 

 

86,590

 

 

 

 

614,413

 

 

 

5,227,313

 

 

 

9,611

 

 

 

614,413

 

 

 

5,236,924

 

 

 

5,851,337

 

 

 

280,457

 

McCordsville, IN

 

 

81,731

 

 

 

 

770,000

 

 

 

6,776,000

 

 

 

46,578

 

 

 

770,000

 

 

 

6,822,578

 

 

 

7,592,578

 

 

 

214,964

 

Merrillville, IN (A)

 

 

66,820

 

 

 

 

597,229

 

 

 

5,104,011

 

 

 

94,605

 

 

 

597,229

 

 

 

5,198,616

 

 

 

5,795,845

 

 

 

273,892

 

Millbrook, NY

 

 

12,480

 

(1)

 

 

313,950

 

 

 

2,723,468

 

 

 

10,049

 

 

 

313,950

 

 

 

2,733,517

 

 

 

3,047,467

 

 

 

67,494

 

Millbrook, NY

 

 

1,875

 

(2)

 

 

110,010

 

 

 

177,427

 

 

 

—

 

 

 

110,010

 

 

 

177,427

 

 

 

287,437

 

 

 

—

 

Rochester, NY (A)

 

 

68,017

 

 

 

 

571,583

 

 

 

5,227,630

 

 

 

—

 

 

 

571,583

 

 

 

5,227,630

 

 

 

5,799,213

 

 

 

240,570

 

Lima, OH

 

 

97,635

 

 

 

 

530,000

 

 

 

4,664,000

 

 

 

91,036

 

 

 

530,000

 

 

 

4,755,036

 

 

 

5,285,036

 

 

 

157,579

 

Sadsburyville, PA (A)

 

 

78,842

 

 

 

 

462,749

 

 

 

5,146,579

 

 

 

1,539

 

 

 

462,749

 

 

 

5,148,118

 

 

 

5,610,867

 

 

 

269,580

 

Summerville, SC (A)

 

 

72,700

 

(3)

 

 

345,160

 

 

 

2,989,159

 

 

 

5,475

 

 

 

345,160

 

 

 

2,994,634

 

 

 

3,339,794

 

 

 

142,424

 

Summerville, SC (A)

 

 

41,665

 

(4)

 

 

188,766

 

 

 

1,605,405

 

 

 

14,725

 

 

 

188,766

 

 

 

1,620,130

 

 

 

1,808,896

 

 

 

77,897

 

 

 

 

749,893

 

 

 

$

5,493,814

 

 

$

48,240,686

 

 

$

2,721,305

 

 

$

5,493,814

 

 

$

50,961,991

 

 

$

56,455,805

 

 

$

2,187,530

 

 

(A)

This property is part of the Loan Agreement with a balance of $20,000,000 as of December 31, 2017.

(1)

SSG Millbrook LLC.

(2)

Tuxis Real Estate II LLC, an adjacent property to SSG Millbrook LLC.

(3)

SSG Summerville I LLC.

(4)

SSG Summerville II LLC.

Activity in storage properties during the year ended December 31, 2017 and for the period January 1, 2016 to  December 31, 2016 was as follows:

 

 

 

2017

 

 

2016

 

Storage properties *

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

56,650,515

 

 

$

34,355,253

 

Acquisitions and improvements

 

 

652,910

 

 

 

22,295,262

 

Balance at end of period

 

$

57,303,425

 

 

$

56,650,515

 

 

 

 

 

 

 

 

 

 

Accumulated depreciation

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

(875,447

)

 

$

—

 

Depreciation expense

 

 

(1,382,415

)

 

 

(875,447

)

Balance at end of period

 

$

(2,257,862

)

 

$

(875,447

)

Storage properties, net

 

$

55,045,563

 

 

$

55,775,068

 

 

*

These amounts include equipment that is housed at the Company's properties and construction in progress which is excluded from Schedule III above.