v3.8.0.1
RELATED PARTY TRANSACTIONS (Details Textual) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Related Party Transaction [Line Items]          
Due to Related Parties $ 871,189   $ 871,189   $ 383,422
Property Management Fees Percentage     1.50%    
Operating Expenses Reimbursement, Maximum Limit Reimbursements     Pursuant to the Company’s charter, total operating expenses of the Company are limited to the greater of 2% of average invested assets or 25% of net income for the four most recently completed fiscal quarters (2%/25% Limitation).    
Due from Related Parties 26,456   $ 26,456   108,433
Advisor [Member]          
Related Party Transaction [Line Items]          
Acquisition Fees Description     The Company shall pay the Advisor a fee in an amount equal to 3.0% of the Company’s contract purchase price of its properties, as defined, as acquisition fees. The total of all acquisition fees and acquisition expenses shall be reasonable, and shall not exceed 6.0% of the contract price of the property.    
Financing Coordination Fees Percentage     1.00%    
Disposition Fees Description     the Company shall pay to its Advisor or one of its affiliates 3.0% of the contract sales price, as defined, of each property sold; provided, however, that if, in connection with such disposition, commissions are paid to third parties unaffiliated with our Advisor or its affiliates, the disposition fees paid to our Advisor, our Sponsor, their affiliates and unaffiliated third parties may not exceed the lesser of the competitive real estate commission or 6% of the contract sales price.    
Leasing Commission Fees Description     the Company shall pay to the Advisor or such affiliate leasing commissions equal to 6.0% of the rents due pursuant to such lease for the first ten years of the lease term; provided, however (i) if the term of the lease is less than ten years, such commission percentage will apply to the full term of the lease and (ii) any rents due under a renewal of a lease of an existing tenant upon expiration of the initial lease agreement (including any extensions provided for thereunder) shall accrue a commission of 3.0% in lieu of the aforementioned 6.0% commission.    
Reimbursable Organizational and Offering Expenses [Member]          
Related Party Transaction [Line Items]          
Accrual organization and offering cost 2,332,819   $ 2,332,819    
Related Party Transaction, Expenses from Transactions with Related Party [1] 453,377 $ 187,101 1,591,498 $ 187,101  
Due from Related Parties 4,005   $ 4,005    
Reimbursable Organizational and Offering Expenses [Member] | Sponsor [Member]          
Related Party Transaction [Line Items]          
Gross Offering Proceeds Percentage     3.00%    
Related Party Transaction, Expenses from Transactions with Related Party     $ 2,328,814    
Waiver Of Assets Management Fees [Member]          
Related Party Transaction [Line Items]          
Due to Related Parties 0 [2] 11,798 $ 0 [2] 11,798 0 [2]
Asset Management Fees Waive Percentage     0.025%    
Monthly Asset Management Fees Waive Percentage     0.025%    
Related Party Transaction, Other Revenues from Transactions with Related Party [2] 42,485   $ 119,524    
Related Party Transaction, Expenses from Transactions with Related Party 42,485 (11,798) [2] 119,524 (11,798) [2]  
Due from Related Parties [2] 0   0   0
Rich Uncles REIT I [Member]          
Related Party Transaction [Line Items]          
Accrual organization and offering cost, Related Party 5,844,047   5,844,047    
Related Party Transaction, Expenses from Transactions with Related Party     28,571    
Sponsor Reimbursement [Member]          
Related Party Transaction [Line Items]          
Related Party Transaction, Other Revenues from Transactions with Related Party 584,230   1,945,160    
Acquisition Fees [Member]          
Related Party Transaction [Line Items]          
Due to Related Parties 0   0   0
Related Party Transaction, Other Revenues from Transactions with Related Party 1,014,559   2,498,129    
Related Party Transaction, Expenses from Transactions with Related Party 0 0 0 474,121  
Due from Related Parties 0   0   0
Asset Management Fees [Member]          
Related Party Transaction [Line Items]          
Due to Related Parties [2] 483,135   483,135   29,577
Related Party Transaction, Expenses from Transactions with Related Party [2] 264,927 46,575 573,081 54,141  
Due from Related Parties [2] 0   0   0
Financing Coordination Fees [Member]          
Related Party Transaction [Line Items]          
Related Party Transaction, Expenses from Transactions with Related Party 174,500   261,950    
Property Management Fees [Member]          
Related Party Transaction [Line Items]          
Due to Related Parties 7,617   7,617   0
Related Party Transaction, Expenses from Transactions with Related Party 6,996 0 7,618 0  
Due from Related Parties 0   0   0
Due to Rich Uncles REIT I [Member]          
Related Party Transaction [Line Items]          
Due to Related Parties [3] 17,269   17,269   0
Related Party Transaction, Expenses from Transactions with Related Party [3] 17,269 0 17,269 0  
Due from Related Parties [3] 0   0   0
Payable to TIC [Member]          
Related Party Transaction [Line Items]          
Due to Related Parties [4] 363,168   363,168   0
Related Party Transaction, Expenses from Transactions with Related Party [4] 363,168 $ 0 363,168 $ 0  
Due from Related Parties [4] $ 0   $ 0   $ 0
[1] As of September 30, 2017, the Sponsor had incurred $5,844,047 of organizational and offering costs on behalf of the Company. However, the Company is only obligated to reimburse the Sponsor for such organizational and offering expenses to the extent of 3% of gross offering proceeds.
[2] To the extent the Advisor elects, in its sole discretion to defer all or any portion of its monthly asset management fee, the Advisor will be deemed to have waived, not deferred, that portion up to 0.025% of the total investment value of the Company’s assets. For the three and nine months ended September 30, 2017, the Advisor waived $42,485 and $119,524, respectively, of asset management fees, which are not subject to future recoupment by the Advisor. The Advisor waived $11,798 of asset management fees for the three and nine months ended September 30, 2016.
[3] The Company incurred $17,269 for the nine months ended September 30, 2017 of interest on its unsecured credit facility. This amount was the result of a bank error. The monthly interest payment that was due on the unsecured credit facility was withdrawn from REIT I’s bank account rather than from the Company’s bank account.
[4] After closing the acquisition of the Fujifilm property, the Company received $363,168 from the title company. These proceeds represent cash received by the title company in excess of the amounts needed to acquire the property. At September 30, 2017, these proceeds are payable to the TIC which owns the property.