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Statements of Income (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES:        
Self-storage rental income $ 413,796 $ 441,518 $ 834,289 $ 861,852
Ancillary operating revenue 40,018 31,403 75,436 64,395
Interest and other income 42 76 99 158
TOTAL 453,856 472,997 909,824 926,405
EXPENSES:        
Depreciation 5,096 4,030 6,853 7,452
Operating 161,215 180,208 327,238 331,376
General and administrative 56,158 44,995 154,713 142,069
General partners' incentive management fee 23,659 19,869 37,912 43,887
Property management fee 22,240 22,152 45,120 44,350
Total 268,368 271,254 571,836 569,134
INCOME BEFORE EQUITY IN INCOME OF REAL ESTATE JOINT VENTURE: 185,488 201,743 337,988 357,271
EQUITY IN INCOME OF REAL ESTATE JOINT VENTURE: (12,974) (15,447) (30,048) (34,451)
NET INCOME 198,462 217,190 368,036 391,722
AGGREGATE INCOME ALLOCATED TO:        
General partners 1,985 2,172 3,680 3,917
Limited partners 196,477 215,018 364,356 387,805
TOTAL $ 198,462 $ 217,190 $ 368,036 $ 391,722
Weighted average limited partnership units outstanding 24,000 24,000 24,000 24,000
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP PER LIMITED PARTNERSHIP UNIT $ 8.19 $ 8.96 $ 15.18 $ 16.16