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Real Estate Assets (Tables) | 12 Months Ended
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Dec. 31, 2020
Real Estate [Abstract] |
Summary of Carry Value of Real Estate Assets | The carry value of the Company’s real estate assets is summarized as follows:
|  | December 31, 2020 |  |  | December 31, 2019 |
Land |  | $ | 6,122,065 |  |  | $ | 6,122,065 |
Buildings, improvements, and equipment |  |  | 60,317,918 |  |  |  | 57,178,338 |
Construction in progress |  | — |  |  |  | 1,532,235 |
Self storage properties |  |  | 66,439,983 |  |  |  | 64,832,638 |
Less: Accumulated depreciation |  |  | (6,671,450 | ) |  |  | (5,080,485 | )
Real estate assets, net |  | $ | 59,768,533 |  |  | $ | 59,752,153 |
Schedule of Purchase Price of Property Acquired | The purchase price of the property acquired in 2019 has been assigned as follows:
|  |  |  |  |  |  |  |  |  | Consideration Paid |  |  | Acquisition Date Fair Value |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Net Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Assumed |  |  |  |  |  |  |  |  |  |  | In-Place |  |  | Closing |
|  | Number of |  | Date of |  | Purchase |  |  |  |  |  |  | (Assets |  |  |  |  |  |  | Building and |  |  | Customer |  |  | Costs |
State |  | Properties |  | Acquisition |  | Price |  |  | Cash Paid |  |  | Acquired) |  |  | Land |  |  | Equipment |  |  | Leases |  |  | Expensed |
NY |  | 1 |  | 11/19/2019 |  | $ | 6,282,514 |  |  | $ | 6,287,082 |  |  | $ | (4,568 | ) |  | $ | 628,251 |  |  | $ | 5,240,825 |  |  | $ | 413,438 |  |  | $ | — |
Total |  |  |  |  |  | $ | 6,282,514 |  |  | $ | 6,287,082 |  |  | $ | (4,568 | ) |  | $ | 628,251 |  |  | $ | 5,240,825 |  |  | $ | 413,438 |  |  | $ | — |

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- Definition Summary of carrying value of real estate assets. + References No definition available. + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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