UNCONSOLIDATED INVESTMENT IN A REAL ESTATE PROPERTY (Tables)

12 Months Ended

Dec. 31, 2023

Investments, Debt and Equity Securities [Abstract]

Schedule of Equity Method Investments

The Company’s unconsolidated investment in a real estate property as of December 31, 2023 and 2022, is as follows:

	December 31,
	2023		2022
The TIC Interest	$	10,053,931	$	10,007,420

Schedule of Properties Equity In Earnings

The Company’s income from unconsolidated investment in a real estate property for the years ended December 31, 2023 and 2022, is as follows:

	Years Ended December 31,
	2023		2022
The TIC Interest	$	279,549	$	278,002

Schedule of Summarized Financial Information

The following is summarized financial information for the Santa Clara, California property as of and for the years ended December 31, 2023 and 2022:

	December 31,
	2023		2022
Assets:
Real estate investments, net	$	28,563,746	$	29,294,081
Cash and cash equivalents	482,653		300,405
Other assets	79,639		43,159
Total assets	$	29,126,038	$	29,637,645
Liabilities:
Mortgage notes payable, net	$	12,642,798	$	12,936,929
Below-market lease, net	2,367,812		2,514,199
Other liabilities	287,989		424,662
Total liabilities	15,298,599		15,875,790
Total equity	13,827,439		13,761,855
Total liabilities and equity	$	29,126,038	$	29,637,645

	Years Ended December 31,
	2023		2022
Total revenue	$	2,730,578	$	2,749,939
Operating expenses:
Depreciation and amortization	1,040,586		1,068,685
Other expenses	777,953		759,126
Total operating expenses	1,818,539		1,827,811
Operating income	912,039		922,128
Interest expense	527,567		539,784
Net income	$	384,472	$	382,344