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Condensed Statements of Income (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES:        
Self-storage rental income $ 461,163 $ 407,262 $ 915,664 $ 823,645
Ancillary operating revenue 36,717 43,822 74,431 85,943
Interest and other income 0 0 0 0
TOTAL 497,880 451,084 990,095 909,588
EXPENSES:        
Depreciation 3,251 3,807 6,466 7,657
Operating 174,866 177,118 388,884 344,924
General and administrative 68,109 84,202 154,392 162,646
General partners' incentive management fee 26,081 21,667 44,665 37,136
Property management fee 24,314 22,191 49,054 45,217
Total 296,621 308,985 643,461 597,580
INCOME BEFORE EQUITY IN INCOME OF REAL ESTATE JOINT VENTURE: 201,259 142,099 346,634 312,008
EQUITY IN INCOME OF REAL ESTATE JOINT VENTURE: 43,572 26,898 72,480 47,585
NET INCOME 244,831 168,997 419,114 359,593
AGGREGATE INCOME ALLOCATED TO:        
General partners 2,448 1,690 4,191 3,596
Limited partners 242,383 167,307 414,923 355,997
TOTAL $ 244,831 $ 168,997 $ 419,114 $ 359,593
Weighted average limited partnership units outstanding 24,000 24,000 24,000 24,000
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP PER LIMITED PARTNERSHIP UNIT 10.10 6.97 17.29 14.83