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Statements of Income (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
REVENUES:        
Self-storage rental income $ 431,547 $ 443,712 $ 1,260,385 $ 1,278,001
Ancillary operating revenue 42,996 41,803 126,182 117,239
Interest and other income 0 36 12 135
TOTAL 474,543 485,551 1,386,579 1,395,375
EXPENSES:        
Depreciation 4,113 5,108 13,004 11,961
Operating 176,665 165,196 503,605 492,434
General and administrative 61,643 58,845 207,344 213,558
General partners' incentive management fee 22,965 26,357 57,724 64,269
Property management fee 21,768 22,345 67,311 67,465
Total 287,154 277,851 848,988 849,687
INCOME BEFORE EQUITY IN INCOME OF REAL ESTATE JOINT VENTURE: 187,389 207,700 537,591 545,688
EQUITY IN INCOME OF REAL ESTATE JOINT VENTURE: (23,380) (20,082) (59,521) (50,130)
NET INCOME 210,769 227,782 597,112 595,818
AGGREGATE INCOME ALLOCATED TO:        
General partners 2,108 2,278 5,971 5,958
Limited partners 208,661 225,504 591,141 589,860
TOTAL $ 210,769 $ 227,782 $ 597,112 $ 595,818
Weighted average limited partnership units outstanding 24,000 24,000 24,000 24,000
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP PER LIMITED PARTNERSHIP UNIT $ 8.69 $ 9.40 $ 24.63 $ 24.58