v3.10.0.1
RELATED PARTY TRANSACTIONS (Details Textual) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Related Party Transaction [Line Items]          
Due to Related Parties $ 206,717   $ 206,717   $ 907,377
Property Management Fees Percentage     1.50%    
Operating Expenses Reimbursement, Maximum Limit Reimbursements     Under 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 (the “2%/25% Limitation”).    
Stock Issued During Period, Value, Issued for Services     $ 81,405    
Common Class C [Member]          
Related Party Transaction [Line Items]          
Stock Issued During Period, Value, Issued for Services $ 43,215 $ 35,000 $ 8 $ 65,000  
Stock Issued During Period, Shares, Issued for Services 4,300 3,500 8,100 6,500  
Advisor [Member]          
Related Party Transaction [Line Items]          
Acquisition Fees Description     The Company pays the Advisor a fee in an amount equal to 3.0% of the contract purchase price of the Company’s 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 pays the 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 the Advisor or its affiliates, the disposition fees paid to the Advisor, the 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 pays 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]          
Due to Related Parties [1] $ 3,217   $ 3,217   15,945
Accrual organization and offering cost 3,532,793   $ 3,532,793    
Reimbursable Organizational and Offering Expenses [Member] | Sponsor [Member]          
Related Party Transaction [Line Items]          
Gross Offering Proceeds Percentage     3.00%    
Reimbursable Organizational and Offering Expenses [Member] | Due to Affiliates [Member]          
Related Party Transaction [Line Items]          
Related Party Transaction, Expenses from Transactions with Related Party     $ 3,536,010    
Waiver Of Assets Management Fees [Member]          
Related Party Transaction [Line Items]          
Due to Related Parties [2] 0   $ 0   0
Monthly Asset Management Fees Waive Percentage     0.025%    
Related Party Transaction, Other Revenues from Transactions with Related Party       $ 77,039  
Related Party Transaction, Expenses from Transactions with Related Party   $ 49,214      
Asset Management Fees [Member]          
Related Party Transaction [Line Items]          
Due to Related Parties [2] 164,685   $ 164,685   567,661
Related Party Transaction, Other Revenues from Transactions with Related Party     879,230 308,154  
Related Party Transaction, Expenses from Transactions with Related Party 477,915 196,856      
Subordinated participation fees [Member]          
Related Party Transaction [Line Items]          
Due to Related Parties 0   0   $ 315,802
Sponsor reimbursement [Member]          
Related Party Transaction [Line Items]          
Related Party Transaction, Other Revenues from Transactions with Related Party $ 242,416 $ 672,904 $ 553,508 $ 1,360,930  
[1] As of June 30, 2018, the Sponsor had incurred $7,918,815 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 months ended June 30, 2018 and 2017, the Advisor waived zero and $49,214, respectively, of asset management fees, which are not subject to future recoupment by the Advisor and for the six months ended June 30, 2018 and 2017, the Advisor waived zero and $77,039, respectively, of asset management fees, which are not subject to future recoupment by the Advisor. In addition to amounts presented in this table, the Company also incurred asset management fees to the Advisor of $47,984 and $95,966 related to its TIC Interest in the Santa Clara property during the three and six months ended June 30, 2018, respectively, which amounts are reflected as a reduction of income recognized from investments in unconsolidated entities.