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Debt (Tables)
 12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block]
Mortgages payable consisted of the following:
 
 
 
December 31,
2014
 
December 31,
2013
 
 
 
 
 
 
 
 
 
Note payable in monthy interest-only installments of $48,467 at 6.56% annum, with a balloon payment in the amount of $8,580,000 due June 11, 2016; collateralized by related real estate and tenants’ leases
 
$
8,580,000
 
$
8,580,000
 
 
 
 
 
 
 
 
 
Note payable in monthly installments of $99,598 including interest at 6.63% per annum, with the final monthly payment due February 2017; collateralized by related real estate and tenants’ leases
 
 
2,405,976
 
 
3,405,384
 
 
 
 
 
 
 
 
 
Note payable in monthly principal installments of $50,120 plus interest at 170 basis points over LIBOR, swapped to a fixed rate of 3.62% as of December 31, 2013. A final balloon payment in the amount of $19,744,758 is due on May 14, 2017 unless extended for a two year period at the option of the Company, subject to certain conditions, collateralized by related real estate and tenants’ leases
 
 
21,398,078
 
 
22,017,758
 
 
 
 
 
 
 
 
 
Note payable in monthly installments of interest only at LIBOR plus 160 basis points, swapped to a fixed rate of 2.49% with balloon payment due April 4, 2018; collateralized by related real estate and tenants' leases
 
 
25,000,000
 
 
25,000,000
 
 
 
 
 
 
 
 
 
Note payable in monthly installments of $153,838 including interest at 6.90% per annum, with the final monthly payment due January 2020; collateralized by related real estate and tenants’ leases
 
 
7,896,078
 
 
9,149,944
 
 
 
 
 
 
 
 
 
Note payable in monthly installments of $23,004 including interest at 6.24% per annum, with the final balloon payment of $2,766,628 due February 2020; collateralized by related real estate and tenant lease
 
 
3,204,294
 
 
3,275,170
 
 
 
 
 
 
 
 
 
Note payable in monthly installments of interest only at 3.60% per annum, with balloon payment due January 1, 2023; collateralized by related real estate and tenants' leases
 
 
23,640,000
 
 
23,640,000
 
 
 
 
 
 
 
 
 
Note payable in monthly installments of $35,673 including interest at 5.01% per annum, with the final balloon payment of $4,034,627 due September 2023; collateralized by related real estate and tenant lease
 
 
5,595,327
 
 
-
 
 
 
 
 
 
 
 
 
Note payable in monthly installments of $91,675 including interest at 6.27% per annum, with a final monthly payment due July 2026; collateralized by related real estate and tenants’ leases
 
 
9,042,485
 
 
9,557,942
 
 
 
 
 
 
 
 
 
Note payable in monthly installments of $60,097 including interest at 5.08% per annum, with a final balloon payment in the amount of $9,167,573 due June 2014; collateralized by related real estate and tenants’ leases
 
 
-
 
 
9,271,561
 
 
 
 
 
 
 
 
 
Total
 
$
106,762,238
 
$
113,897,759
 
Schedule of Maturities of Long-term Debt [Table Text Block]
The following table presents scheduled principal payments related to our debt as of December 31, 2014:
 
For the Year Ending December 31,
 
 
 
 
2015
 
$
3,839,239
 
2016
 
 
12,674,337
 
2017 (1)
 
 
22,652,591
 
2018 (2)
 
 
42,575,206
 
2019
 
 
2,750,347
 
Thereafter
 
 
137,270,518
 
Total
 
$
221,762,238
 
 
(1)
Includes $19,744,758 which represents the ending balance of a mortgage note payable due in 2017. The note matures May 14, 2017 and may be extended, at the Company’s election, for a two-year term to May 2019, subject to certain conditions. 
(2)
Includes the $15,000,000 outstanding balance under the Credit Facility as of December 31, 2014. The Credit Facility matures on July 21, 2018 and may be extended for one year at the Company’s election, subject to certain conditions.