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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net (loss) income $ (6,261,398) $ 772,934
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 6,274,321 7,364,688
Stock compensation 1,105,272 686,133
Bad debt expense (recoveries) 77,898 (32,544)
Gain on sale of real estate assets, net (1,245,460) (6,319,272)
Impairment of real estate assets 1,730,851 0
Accretion of original issue discount 1,013,405 386,595
Amortization of financing costs 1,287,430 965,239
Amortization of above-market leases 50,682 55,466
Amortization of below-market leases (170,887) (185,995)
Straight-line rent adjustment 108,998 (63,895)
Changes in operating assets and liabilities:    
Other assets 1,957,641 1,035,806
Accounts payable and accrued liabilities (1,796,421) (767,440)
Accrued real estate taxes (438,915) (106,779)
Net cash provided by operating activities 3,693,417 3,790,936
Cash flows from investing activities:    
Real estate acquisitions (10,161,613) (13,037,562)
Additions to buildings and tenant improvements (2,834,373) (6,393,711)
Additions to deferred leasing costs (175,828) (661,401)
Proceeds from sales of real estate, net 40,849,654 32,073,721
Net cash provided by investing activities 27,677,840 11,981,047
Cash flows from financing activities:    
Proceeds from mortgage notes payable, net of issuance costs 14,152,838 15,494,715
Proceeds from government debt relief 451,785 0
Repayment of mortgage notes payable (36,808,331) (23,176,581)
Repayment of note payable (6,324,401) 0
Payment of extension costs, note payable (351,025) 0
Redemption of mandatorily redeemable preferred stock 0 (16,900,000)
Payment of deferred offering costs (45,016) 0
(Distributions) contributions to noncontrolling interests, net (2,366,009) 331,603
Issuance of stock for Initial Public Offering, net of underwriters fees 2,050,000 0
Repurchase of common stock (18,000) (227,428)
Dividends paid to stockholders (963,456) (2,158,469)
Net cash used in financing activities (30,221,615) (15,156,923)
Net increase in cash equivalents and restricted cash 1,149,642 615,060
Cash, cash equivalents and restricted cash - beginning of period 10,391,275 9,776,215
Cash, cash equivalents and restricted cash - end of period 11,540,917 10,391,275
Supplemental disclosure of cash flow information:    
Interest paid-Series B preferred stock 0 1,859,672
Interest paid-mortgage notes payable 5,892,025 6,442,750
Interest paid-notes payable 778,414 713,262
Non-cash financing activities:    
Issuance of stock for limited partnership interests 1,247,990 0
Unpaid deferred financing costs 83,659 0
Polar Multi-Strategy Master Fund [Member] | Notes Payable to Banks [Member]    
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Amortization of financing costs 900,000  
Cash flows from financing activities:    
Proceeds from note payable, net of issuance cost of $1.1 million 0 11,479,237
Payment of extension costs, note payable $ (400,000)  
Payment of deferred offering costs   $ (1,100,000)