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Real Estate Facilities - Summary of Relative Fair Values of Assets Acquired and Liabilities Assumed (Detail) - USD ($)
Dec. 31, 2023
Jun. 01, 2022
Mar. 17, 2021
Assets Acquired:      
Buildings $ 23,696,536    
Total assets acquired [1] $ 23,696,536    
Strategic Storage Trust IV, Inc.      
Assets Acquired:      
Land     $ 54,385,560
Buildings     257,618,228
Site improvements     12,340,848
Construction in progress     1,467,090
Intangible assets     20,052,449
Investments in real estate joint ventures     17,495,254
Cash and cash equivalents, and restricted cash     7,763,490
Other assets     4,145,394
Total assets acquired     375,268,313
Liabilities assumed:      
Debt     81,165,978
Accounts payable and other liabilities     8,074,162
Total liabilities assumed     89,240,140
Total net assets acquired     $ 286,028,173
SSGT II Merger Agreement      
Assets Acquired:      
Land   $ 21,111,616  
Buildings   201,026,974  
Site improvements   6,221,128  
Construction in progress   252,925  
Intangible assets [2]   15,688,002  
Investments in real estate joint ventures   7,394,539  
Cash and cash equivalents, and restricted cash   10,759,283  
Other assets   847,359  
Total assets acquired   263,301,826  
Liabilities assumed:      
Total liabilities assumed [3]   2,143,313  
Total net assets acquired   $ 261,158,513  
[1] The allocation noted above is based on a determination of the relative fair value of the total consideration provided and represents the amount paid including capitalized acquisition costs.
[2] Approximately $8.0 million of the intangible assets acquired related to the intrinsic value of a purchase and sale agreement for the acquisition of a property in San Gabriel, CA that we assumed in the SSGT II Merger and acquired on July 13, 2023. The remainder of the intangible asset relates to value ascribed to the in-place leases on the properties acquired.
[3] Liabilities assumed represents accounts payable and other liabilities.