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Real Estate Assets (Tables)
12 Months Ended
Dec. 31, 2021
Real Estate [Abstract]  
Summary of Carrying Value of Real Estate Assets

The carrying value of the Company’s real estate assets is summarized as follows:

 

 

 

December 31,
2021

 

 

December 31,
2020

 

Land

 

$

6,122,065

 

 

$

6,122,065

 

Buildings, improvements, and equipment

 

 

60,571,060

 

 

 

60,317,918

 

Self storage properties

 

 

66,693,125

 

 

 

66,439,983

 

Less: accumulated depreciation

 

 

(8,303,059

)

 

 

(6,671,450

)

Real estate assets, net

 

$

58,390,066

 

 

$

59,768,533