Annual report pursuant to Section 13 and 15(d)

Schedule III, Real Estate and Related Depreciation

v3.19.1
Schedule III, Real Estate and Related Depreciation
12 Months Ended
Dec. 31, 2018
Real Estate And Accumulated Depreciation Disclosure [Abstract]  
Real Estate and Related Depreciation

GLOBAL SELF STORAGE, INC.

SCHEDULE III

REAL ESTATE AND RELATED DEPRECIATION

December 31, 2018

 

 

 

 

 

 

 

 

Initial cost

 

 

 

 

 

 

Gross Carrying Amount

at December 31, 2018

 

 

 

 

 

 

 

 

 

Description

 

Square

Footage

 

 

 

Land

 

 

Buildings &

Improvements

 

 

Costs

Subsequent

to

Acquisition

 

 

Land

 

 

Buildings &

Improvements

 

 

Total

 

 

Accumulated

Depreciation

 

Clinton, CT (B)

 

 

30,338

 

 

 

$

356,040

 

 

$

3,108,285

 

 

$

14,197

 

 

$

356,040

 

 

$

3,122,482

 

 

$

3,478,522

 

 

$

154,983

 

Bolingbrook, IL (A)

 

 

113,700

 

 

 

 

633,914

 

 

 

5,491,409

 

 

 

2,439,850

 

 

 

633,914

 

 

 

7,931,259

 

 

 

8,565,173

 

 

 

591,922

 

Dolton, IL (A)

 

 

86,590

 

 

 

 

614,413

 

 

 

5,227,313

 

 

 

9,611

 

 

 

614,413

 

 

 

5,236,924

 

 

 

5,851,337

 

 

 

419,280

 

McCordsville, IN (B)

 

 

81,646

 

 

 

 

770,000

 

 

 

6,776,000

 

 

 

46,578

 

 

 

770,000

 

 

 

6,822,578

 

 

 

7,592,578

 

 

 

385,529

 

Merrillville, IN (A)

 

 

80,270

 

 

 

 

597,229

 

 

 

5,104,011

 

 

 

464,324

 

 

 

597,229

 

 

 

5,568,335

 

 

 

6,165,564

 

 

 

418,979

 

Millbrook, NY (B)

 

 

12,676

 

 

 

 

423,960

 

 

 

2,900,895

 

 

 

36,213

 

 

 

423,960

 

 

 

2,937,108

 

 

 

3,361,068

 

 

 

135,170

 

Rochester, NY (A)

 

 

68,076

 

 

 

 

571,583

 

 

 

5,227,630

 

 

 

 

 

 

571,583

 

 

 

5,227,630

 

 

 

5,799,213

 

 

 

379,069

 

Lima, OH (B)

 

 

97,610

 

 

 

 

530,000

 

 

 

4,664,000

 

 

 

96,417

 

 

 

530,000

 

 

 

4,760,417

 

 

 

5,290,417

 

 

 

276,488

 

Sadsburyville, PA (A)

 

 

78,842

 

 

 

 

462,749

 

 

 

5,146,579

 

 

 

23,729

 

 

 

462,749

 

 

 

5,170,308

 

 

 

5,633,057

 

 

 

406,432

 

Summerville, SC (A)

 

 

72,700

 

(1)

 

 

345,160

 

 

 

2,989,159

 

 

 

5,475

 

 

 

345,160

 

 

 

2,994,634

 

 

 

3,339,794

 

 

 

221,342

 

Summerville, SC (A)

 

 

43,060

 

(2)

 

 

188,766

 

 

 

1,605,405

 

 

 

14,725

 

 

 

188,766

 

 

 

1,620,130

 

 

 

1,808,896

 

 

 

120,549

 

 

 

 

765,508

 

 

 

$

5,493,814

 

 

$

48,240,686

 

 

$

3,151,119

 

 

$

5,493,814

 

 

$

51,391,805

 

 

$

56,885,619

 

 

$

3,509,743

 

 

(A)

This property is part of the Loan Agreement with a balance of $19,809,511 as of December 31, 2018.

(B)

This property is part of the Revolver as of December 31, 2018

(1)

SSG Summerville I LLC.

(2)

SSG Summerville II LLC

Activity in storage properties during the years ended December 31, 2018 and 2017  is as follows:

 

 

 

2018

 

 

2017

 

Storage properties *

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

57,303,425

 

 

$

56,650,515

 

Acquisitions and improvements

 

 

164,532

 

 

 

652,910

 

Balance at end of period

 

$

57,467,957

 

 

$

57,303,425

 

 

 

 

 

 

 

 

 

 

Accumulated depreciation

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

(2,257,862

)

 

$

(875,447

)

Depreciation expense

 

 

(1,398,358

)

 

 

(1,382,415

)

Balance at end of period

 

$

(3,656,220

)

 

$

(2,257,862

)

Storage properties, net

 

$

53,811,737

 

 

$

55,045,563

 

 

*

These amounts include equipment that is housed at the Company’s properties and construction in progress which is excluded from Schedule III above.