Schedule III

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Schedule III

REAL ESTATE AND ACCUMULATED DEPRECIATION
As of December 31, 2011

				Costs Capitalized Subsequent to Acquisition Improvements	Gross Amount at Which Carried
	Initial Cost to Partnership				December 31, 2011
Description	Acquisition Date	Land	Buildings and Improvements		Land	Buildings and Improvements	Total	Accumulated Depreciation
MINI-U-STORAGE
El Centro, CA	04/85	$163,560	$708,710	$8,708	$163,560	$717,418	$880,978	($718,597)
Lompoc, CA	02/85	277,200	1,524,229	54,762	277,200	1,578,991	1,856,191	(1,558,432)
Stockton, CA	01/85	353,117	1,375,823	68,997	353,117	1,444,820	1,797,937	(1,427,257)
Huntington Beach, CA	06/85	1,176,000	2,306,019	82,937	1,176,000	2,388,956	3,564,956	(2,382,721)
		$1,969,877	$5,914,781	$215,404	$1,969,877	$6,130,185	$8,100,062	($6,087,007)

Notes:
1. Depreciation expense is computed using the straight-line method over an estimated useful life of 20 years for the buildings.
2. There are no encumbrances