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Investments in Real Estate (Tables)
12 Months Ended
Dec. 31, 2021
Schedule of Acquired Properties

During the year ended December 31, 2021, the Company acquired three properties.  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manteo, NC

 

 

Plant City, FL

 

 

Grand Junction, CO

 

 

Total

 

Property

 

$

2,149,015

 

 

$

1,635,824

 

 

$

4,400,452

 

 

$

8,185,291

 

Acquired lease intangible assets

 

 

100,379

 

 

 

121,509

 

 

 

354,603

 

 

 

576,491

 

Total investments

 

 

2,249,394

 

 

 

1,757,333

 

 

 

4,755,055

 

 

 

8,761,782

 

Less acquired lease intangible liability

 

 

511,620

 

 

 

 

 

 

 

 

 

511,620

 

Total investments

 

$

1,737,774

 

 

$

1,757,333

 

 

$

4,755,055

 

 

$

8,250,162

 

Schedule of Disposed Properties

During the year ended December 31, 2021, the Company sold one property.  

 

 

 

Cocoa, FL

 

Property

 

$

4,539,617

 

Acquired lease intangible assets

 

 

298,230

 

Total investments

 

 

4,837,847

 

Less accumulated depreciation and amortization

 

 

(313,447

)

Less acquired lease intangible liability, net

 

 

(202,650

)

Net book value of property upon sale

 

$

4,321,750

 

Building In Tampa F L  
Schedule of Acquired Properties

 

During the year ended December 31, 2020, the Company acquired one property.

 

 

 

Tampa, FL

 

Property

 

$

1,662,904

 

Acquired lease intangible assets

 

 

184,767

 

Total investments

 

$

1,847,671