Real Estate Assets (Tables)

12 Months Ended

Dec. 31, 2020

Real Estate [Abstract]

Summary of Carry Value of Real Estate Assets

The carry value of the Company’s real estate assets is summarized as follows:

	December 31, 2020			December 31, 2019
Land	$	6,122,065		$	6,122,065
Buildings, improvements, and equipment		60,317,918			57,178,338
Construction in progress	—				1,532,235
Self storage properties		66,439,983			64,832,638
Less: Accumulated depreciation		(6,671,450	)		(5,080,485	)
Real estate assets, net	$	59,768,533		$	59,752,153

Schedule of Purchase Price of Property Acquired

The purchase price of the property acquired in 2019 has been assigned as follows:

					Consideration Paid					Acquisition Date Fair Value
							Net Other
							Liabilities
							Assumed							In-Place		Closing
	Number of	Date of	Purchase				(Assets					Building and		Customer		Costs
State	Properties	Acquisition	Price		Cash Paid		Acquired)			Land		Equipment		Leases		Expensed
NY	1	11/19/2019	$	6,282,514	$	6,287,082	$	(4,568	)	$	628,251	$	5,240,825	$	413,438	$	—
Total			$	6,282,514	$	6,287,082	$	(4,568	)	$	628,251	$	5,240,825	$	413,438	$	—