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Condensed Statements of Income (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES:        
Self-storage rental income $ 467,136 $ 372,218 $ 1,335,343 $ 1,128,471
Ancillary operating revenue 39,191 43,868 109,207 123,689
TOTAL 506,327 416,086 1,444,550 1,252,160
EXPENSES:        
Depreciation 2,077 3,935 8,543 11,592
Operating 166,312 170,018 501,815 470,802
General and administrative 87,026 70,260 232,225 223,911
General partners' incentive management fee 26,510 22,258 71,175 59,394
Property management fee 24,415 22,027 70,254 63,559
Total 306,340 288,498 884,012 829,258
INCOME BEFORE EQUITY IN INCOME OF REAL ESTATE JOINT VENTURE: 199,987 127,588 560,538 422,902
EQUITY IN INCOME OF REAL ESTATE JOINT VENTURE: 52,631 33,321 125,111 80,906
INCOME FROM CONTINUING OPERATIONS 252,618 160,909 685,649 503,808
(LOSS)/INCOME FROM DISCONTINUED OPERATIONS (7,824) 4,715 (21,741) 21,409
NET GAIN ON SALE OF DISCONTINUED OPERATIONS 334,612 0 334,612 0
NET INCOME 579,406 165,624 998,520 525,217
AGGREGATE INCOME ALLOCATED TO:        
General partners 5,794 1,656 9,985 5,252
Limited partners 573,612 163,968 988,535 519,965
TOTAL $ 579,406 $ 165,624 $ 998,520 $ 525,217
Weighted average limited partnership units outstanding 24,000 24,000 24,000 24,000
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP PER LIMITED PARTNERSHIP UNIT 23.90 6.83 41.19 21.67