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Statements of Income (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
REVENUES:        
Self-storage rental income $ 437,595 $ 413,796 $ 828,838 $ 834,289
Ancillary operating revenue 38,843 40,018 83,186 75,436
Interest and other income 0 42 12 99
TOTAL 476,438 453,856 912,036 909,824
EXPENSES:        
Depreciation 3,012 5,096 8,891 6,853
Operating 171,880 161,215 326,939 327,238
General and administrative 71,742 56,158 145,701 154,713
General partners' incentive management fee 12,043 23,659 34,759 37,912
Property management fee 21,872 22,240 45,543 45,120
Total 280,549 268,368 561,833 571,836
INCOME BEFORE EQUITY IN INCOME OF REAL ESTATE JOINT VENTURE: 195,889 185,488 350,203 337,988
EQUITY IN INCOME OF REAL ESTATE JOINT VENTURE: (22,013) (12,974) (36,140) (30,048)
NET INCOME 217,902 198,462 386,343 368,036
AGGREGATE INCOME ALLOCATED TO:        
General partners 2,179 1,985 3,863 3,680
Limited partners 215,723 196,477 382,480 364,356
TOTAL $ 217,902 $ 198,462 $ 386,343 $ 368,036
Weighted average limited partnership units outstanding 24,000 24,000 24,000 24,000
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP PER LIMITED PARTNERSHIP UNIT $ 8.99 $ 8.19 $ 15.94 $ 15.18