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Real Estate Facilities - Summary of Purchase Price Allocation for Real Estate Related Assets Acquired (Detail)
$ in Thousands
12 Months Ended
Dec. 31, 2024
USD ($)
Business Acquisition [Line Items]  
Real Estate Assets $ 180,559
Intangibles 6,542
Total assets acquired 187,101 [1]
2024 Revenue 2,031 [2]
2024 Net Operating Income $ 1,207 [2],[3]
Colorado Springs II  
Business Acquisition [Line Items]  
Acquisition Date Apr. 10, 2024
Occupancy Upon Acquisition 86.00% [4]
Real Estate Assets $ 9,841
Intangibles 675
Total assets acquired 10,516 [1]
2024 Revenue 693 [2]
2024 Net Operating Income $ 428 [2],[3]
Spartanburg  
Business Acquisition [Line Items]  
Acquisition Date Jul. 16, 2024
Occupancy Upon Acquisition 94.00% [4]
Real Estate Assets $ 12,831
Intangibles 401
Total assets acquired 13,232 [1]
2024 Revenue 519 [2]
2024 Net Operating Income $ 289 [2],[3]
Miami  
Business Acquisition [Line Items]  
Acquisition Date Sep. 24, 2024
Occupancy Upon Acquisition 96.00% [4]
Real Estate Assets $ 30,408
Intangibles 753
Total assets acquired 31,161 [1]
2024 Revenue 410 [2]
2024 Net Operating Income $ 228 [2],[3]
Nantucket  
Business Acquisition [Line Items]  
Acquisition Date Nov. 20, 2024
Occupancy Upon Acquisition 91.00% [4]
Real Estate Assets $ 9,239
Intangibles 348
Total assets acquired 9,587 [1]
2024 Revenue 73 [2]
2024 Net Operating Income $ 56 [2],[3]
Aurora V  
Business Acquisition [Line Items]  
Acquisition Date Dec. 11, 2024
Occupancy Upon Acquisition 85.00% [4]
Real Estate Assets $ 14,067
Intangibles 600
Total assets acquired 14,667 [1]
2024 Revenue 77 [2]
2024 Net Operating Income $ 35 [2],[3]
San Jose  
Business Acquisition [Line Items]  
Acquisition Date Dec. 19, 2024
Occupancy Upon Acquisition 98.00% [4]
Real Estate Assets $ 19,077
Intangibles 539
Total assets acquired 19,616 [1]
2024 Revenue 53 [2]
2024 Net Operating Income $ 29 [2],[3]
Washington, DC  
Business Acquisition [Line Items]  
Acquisition Date Dec. 19, 2024
Occupancy Upon Acquisition 88.00% [4]
Real Estate Assets $ 17,598
Intangibles 694
Total assets acquired 18,292 [1]
2024 Revenue 48 [2]
2024 Net Operating Income $ 26 [2],[3]
Ladera Ranch  
Business Acquisition [Line Items]  
Acquisition Date Dec. 20, 2024 [5]
Occupancy Upon Acquisition 94.00% [4],[5]
Real Estate Assets $ 67,498 [5]
Intangibles 2,532 [5]
Total assets acquired 70,030 [1],[5]
2024 Revenue 158 [2],[5]
2024 Net Operating Income $ 116 [2],[3],[5]
[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] The operating results of the self storage properties acquired have been included in our consolidated statements of operations since their acquisition dates.
[3] Net operating income excludes corporate general and administrative expenses, interest expense, depreciation, amortization and acquisition related expenses.
[4] Represent the approximate occupancy percentage of the property at the time of acquisition.
[5] See Note 5 – Debt, for additional information pertaining to a loan issued in connection with the acquisition of this self storage property.