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UNCONSOLIDATED INVESTMENT IN REAL ESTATE PROPERTY (Tables)
 9 Months Ended
Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investments
The Company’s investment in unconsolidated property as of September 30, 2024 and December 31, 2023 is as follows:
September 30,
2024		December 31,
2023
The TIC Interest$9,490,189 $10,053,931 
Schedule of Properties Equity In Earnings
The Company’s income from investment in unconsolidated property for the three and nine months ended September 30, 2024 and 2023 is as follows:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
The TIC Interest$74,509 $79,166 $222,574 $207,506 
Schedule of Summarized Financial Information
The following is summarized financial information for the Santa Clara property as of September 30, 2024 and December 31, 2023 and for the three and nine months ended September 30, 2024 and 2023:
September 30,
2024		December 31,
2023
Assets:
Real estate investments, net$27,789,089 $28,563,746 
Cash and cash equivalents426,652 482,653 
Other assets81,525 79,639 
Total assets$28,297,266 $29,126,038 
Liabilities:
Mortgage note payable, net$12,415,632 $12,642,798 
Below-market lease, net2,258,022 2,367,812 
Other liabilities571,502 287,989 
Total liabilities15,245,156 15,298,599 
Total equity13,052,110 13,827,439 
Total liabilities and equity$28,297,266 $29,126,038 
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Income
$684,904 $693,170 $2,067,396 $2,036,365 
Expenses:
Depreciation and amortization259,846 257,844 779,517 780,802 
Other expenses193,239 193,902 594,020 572,749 
Total expenses
453,085 451,746 1,373,537 1,353,551 
Operating income231,819 241,424 693,859 682,814 
Interest expense129,343 132,547 387,746 395,810 
Net income$102,476 $108,877 $306,113 $287,004