Annual report pursuant to Section 13 and 15(d)

Schedule III, Real Estate and Related Depreciation

v3.20.2
Schedule III, Real Estate and Related Depreciation
12 Months Ended
Dec. 31, 2019
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, 2019

 

 

 

 

 

 

 

 

Initial cost

 

 

 

 

 

 

Gross Carrying Amount

at December 31, 2019

 

 

 

 

 

 

 

 

 

Description

 

Square

Footage

 

 

 

Land

 

 

Buildings &

Improvements

 

 

Costs

Subsequent

to

Acquisition

 

 

Land

 

 

Buildings &

Improvements

 

 

Total

 

 

Accumulated

Depreciation

 

Clinton, CT (B)

 

 

30,408

 

 

 

$

356,040

 

 

$

3,108,285

 

 

$

14,197

 

 

$

356,040

 

 

$

3,122,482

 

 

$

3,478,522

 

 

$

232,486

 

Bolingbrook, IL (A)

 

 

113,700

 

 

 

 

633,914

 

 

 

5,491,409

 

 

 

2,439,850

 

 

 

633,914

 

 

 

7,931,259

 

 

 

8,565,173

 

 

 

798,681

 

Dolton, IL (A)

 

 

86,590

 

 

 

 

614,413

 

 

 

5,227,313

 

 

 

9,611

 

 

 

614,413

 

 

 

5,236,924

 

 

 

5,851,337

 

 

 

558,103

 

McCordsville, IN (B)

 

 

82,011

 

 

 

 

770,000

 

 

 

6,776,000

 

 

 

46,578

 

 

 

770,000

 

 

 

6,822,578

 

 

 

7,592,578

 

 

 

556,094

 

Merrillville, IN (A)

 

 

80,570

 

 

 

 

597,229

 

 

 

5,104,011

 

 

 

464,324

 

 

 

597,229

 

 

 

5,568,335

 

 

 

6,165,564

 

 

 

565,840

 

Millbrook, NY (B)

 

 

12,676

 

 

 

 

423,960

 

 

 

2,900,895

 

 

 

56,250

 

 

 

423,960

 

 

 

2,957,145

 

 

 

3,381,105

 

 

 

203,530

 

Rochester, NY (A)

 

 

68,106

 

 

 

 

571,583

 

 

 

5,227,630

 

 

 

12,983

 

 

 

571,583

 

 

 

5,240,613

 

 

 

5,812,196

 

 

 

517,652

 

Lima, OH (B)

 

 

98,265

 

 

 

 

530,000

 

 

 

4,664,000

 

 

 

99,237

 

 

 

530,000

 

 

 

4,763,237

 

 

 

5,293,237

 

 

 

395,563

 

Sadsburyville, PA (A)

 

 

78,847

 

 

 

 

462,749

 

 

 

5,146,579

 

 

 

28,362

 

 

 

462,749

 

 

 

5,174,941

 

 

 

5,637,690

 

 

 

544,462

 

Summerville, SC (A)

 

 

74,500

 

(1)

 

 

345,160

 

 

 

2,989,159

 

 

 

5,475

 

 

 

345,160

 

 

 

2,994,634

 

 

 

3,339,794

 

 

 

300,260

 

Summerville, SC (A)

 

 

43,210

 

(2)

 

 

188,766

 

 

 

1,605,405

 

 

 

14,725

 

 

 

188,766

 

 

 

1,620,130

 

 

 

1,808,896

 

 

 

163,201

 

West Henrietta, NY (B)

 

 

48,250

 

 

 

 

628,251

 

 

 

5,229,481

 

 

 

 

 

628,251

 

 

 

5,229,481

 

 

 

5,857,732

 

 

 

16,074

 

 

 

 

817,133

 

 

 

$

6,122,065

 

 

$

53,470,167

 

 

$

3,191,592

 

 

$

6,122,065

 

 

$

56,661,759

 

 

$

62,783,824

 

 

$

4,851,946

 

 

(A)

This property is held as collateral under the Loan Agreement with an outstanding balance of $19,338,556 as of December 31, 2019.

(B)

This property is held as collateral under the Revolver with an outstanding balance of $4,914,000 as of December 31, 2019

(1)

SSG Summerville I LLC.

(2)

SSG Summerville II LLC

Activity in storage properties during the years ended December 31, 2019 and 2018 is as follows:

 

 

 

2019

 

 

2018

 

Storage properties *

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

57,467,957

 

 

$

57,303,425

 

Acquisitions and improvements

 

 

7,364,681

 

 

 

164,532

 

Balance at end of period

 

$

64,832,638

 

 

$

57,467,957

 

 

 

 

 

 

 

 

 

 

Accumulated depreciation

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

(3,656,220

)

 

$

(2,257,862

)

Depreciation expense

 

 

(1,424,265

)

 

 

(1,398,358

)

Balance at end of period

 

$

(5,080,485

)

 

$

(3,656,220

)

Storage properties, net

 

$

59,752,153

 

 

$

53,811,737

 

 

*

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