Real Estate Assets - Summary of Carrying Value of Real Estate Assets (Details) - USD ($) |
Sep. 30, 2020 |
Dec. 31, 2019 |
|---|---|---|
| Real Estate [Abstract] | ||
| Land | $ 6,122,065 | $ 6,122,065 |
| Buildings, improvements, and equipment | 60,307,933 | 57,178,338 |
| Construction in progress | 1,532,235 | |
| Self storage properties | 66,429,998 | 64,832,638 |
| Less: Accumulated depreciation | (6,264,716) | (5,080,485) |
| Real estate assets, net | $ 60,165,282 | $ 59,752,153 |
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- Definition Real estate investment buildings, improvements, and equipment. No definition available.
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- Definition The current amount of expenditures for a real estate project that has not yet been completed. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before accumulated depletion of real estate held for productive use, excluding land held for sale. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The cumulative amount of depreciation for real estate property held for investment purposes. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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