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Condensed Consolidated Statements of Operations (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Rental income from operating leases $ 2,393,158 $ 2,493,282 $ 7,212,850 $ 7,479,847
Tenant reimbursement income 381,913 310,335 1,089,190 993,370
Total revenues 2,775,071 2,803,617 8,302,040 8,473,217
Expenses:        
Property operating expenses 746,914 651,448 2,156,089 2,025,865
General and administrative 340,628 312,494 957,386 1,241,121
Acquisition fees and expenses       2,970
Asset management fees   242,019   726,058
Property management fees 76,562 70,638 215,911 219,779
Depreciation and amortization 1,553,665 1,551,537 4,657,435 4,653,743
Total expenses 2,717,769 2,828,136 7,986,821 8,869,536
Expense support   (318,626)   (1,177,198)
Net expenses 2,717,769 2,509,510 7,986,821 7,692,338
Operating income 57,302 294,107 315,219 780,879
Other income (expense):        
Interest and other income 6,023 15,345 18,614 15,145
Interest expense and loan cost amortization (872,563) (890,601) (2,615,421) (2,897,945)
Total other expense (866,540) (875,256) (2,596,807) (2,882,800)
Loss from continuing operations before income taxes (809,238) (581,149) (2,281,588) (2,101,921)
Income tax expense (12,208) (12,432) (38,596) (37,590)
Loss from continuing operations (821,446) (593,581) (2,320,184) (2,139,511)
Income from discontinued operations, net of tax 232,301 133,987 166,228 308,314
Net loss $ (589,145) $ (459,594) $ (2,153,956) $ (1,831,197)
Net income (loss) per share of common stock (basic and diluted):        
Continuing operations $ (0.10) $ (0.07) $ (0.28) $ (0.27)
Discontinued operations $ 0.03 $ 0.01 $ 0.02 $ 0.04
Earnings Per Share, Basic and Diluted, Total $ (0.07) $ (0.06) $ (0.26) $ (0.23)
Weighted average number of shares of common stock outstanding (basic and diluted) 8,257,410 8,257,410 8,257,410 7,821,222