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Mortgage Notes Payable (Tables)
12 Months Ended
Jan. 31, 2017
Debt Disclosure [Abstract]  
Schedule of Mortgage Notes Payable

The following table summarizes the Trust’s mortgage notes payable, net of debt discounts, as of January 31:

 

    2017     2016  
Mortgage note payable, due in monthly installments of $36,835, including interest at Prime + 1.50% with a 4.75% floor per year (4.75% as of January 31, 2016), through August 22, 2024, plus a balloon payment of $3,585,591 in August 2024, secured by the Ontario property with a carrying value of $6.1 million at January 31, 2017.     5,233,046       5,408,942  
                 
Mortgage note payable, due in monthly installments of $26,312, including interest at 4.19% per year, through November 18, 2029, secured by the Tucson Oracle property with a carrying value of $6.8 million at January 31, 2017.     3,112,112       3,290,657  
                 
Mortgage note payable, due in monthly installments of $32,419, including interest at the prime rate plus one percentage point over the index, with a floor of 5.0% per year (5% per year as of January 31, 2015), through August 1, 2022 plus a balloon payment of $4,112,498 in September 2022, secured by the Yuma property with a carrying value of $5.1 million at January 31, 2017.     4,963,644       5,092,993  
                 
Totals:   $ 13,308,802     $ 13,792,592