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Debt - Summary of Secured Debt (Detail) - USD ($)
Sep. 30, 2023
Sep. 28, 2023
Apr. 13, 2023
Dec. 31, 2022
Jul. 08, 2021
Line Of Credit Facility [Line Items]          
Total Secured Debt $ 282,551,116     $ 157,169,423  
Huntington Credit Facility          
Line Of Credit Facility [Line Items]          
Total Secured Debt $ 107,574,000     95,091,351  
Interest Rate [1] 7.93%        
Maturity Date Nov. 30, 2025 Nov. 30, 2025 Nov. 30, 2025    
Skymar Loan          
Line Of Credit Facility [Line Items]          
Total Secured Debt $ 4,791,381     4,800,000  
Interest Rate 4.125%       4.125%
Maturity Date Aug. 01, 2024       Aug. 01, 2024
SmartStop Delayed Draw Mezzanine Loan          
Line Of Credit Facility [Line Items]          
Total Secured Debt       35,000,000  
National Bank of Canada | Burlington Loan          
Line Of Credit Facility [Line Items]          
Total Secured Debt $ 11,662,992     12,055,230  
Interest Rate [2] 7.64%        
Maturity Date Sep. 20, 2025        
National Bank of Canada | Cambridge Loan          
Line Of Credit Facility [Line Items]          
Total Secured Debt $ 11,114,449     11,439,000  
Interest Rate [3] 7.64%        
Maturity Date Dec. 20, 2025        
National Bank of Canada | North York Loan          
Line Of Credit Facility [Line Items]          
Total Secured Debt $ 18,407,500        
Interest Rate [4] 7.79%        
Maturity Date Jan. 31, 2025        
National Bank of Canada | Ontario Loan          
Line Of Credit Facility [Line Items]          
Total Secured Debt $ 93,657,360        
Interest Rate [5] 7.99%        
Maturity Date Jun. 15, 2025        
Bank of Montreal Loan          
Line Of Credit Facility [Line Items]          
Total Secured Debt $ 15,922,488        
Interest Rate [6] 7.89%        
Maturity Date May 04, 2025        
First National Loan          
Line Of Credit Facility [Line Items]          
Total Secured Debt $ 6,483,122        
Interest Rate [7] 9.10%        
Maturity Date May 18, 2025        
SmartStop Bridge Loan          
Line Of Credit Facility [Line Items]          
Total Secured Debt $ 15,000,000        
Interest Rate 8.31%        
Maturity Date Dec. 31, 2023        
Secured Debt          
Line Of Credit Facility [Line Items]          
Total Secured Debt $ 4,800,000     4,800,000  
Debt issuance costs, net $ (2,062,176)     $ (1,216,158)  
[1] This variable rate loan encumbers 12 properties (Phoenix I, Phoenix II, Surprise, Bradenton, Apopka, Vancouver WA, Portland, Newark, Levittown, Chandler, St. Johns and Oxford). We entered into interest rate swap agreements and an interest rate cap that fixes SOFR at 2.72% until the maturity of the loan.
[2] This variable rate loan encumbers our Burlington, ONT property and the amount shown above is in USD based on the foreign exchange rate in effect as of September 30, 2023 and December 31, 2022, respectively. We entered into an interest rate swap agreement that fixes CDOR at 4.02% until the maturity of the loan.
[3] This variable rate loan encumbers our Cambridge, ONT property and the amount shown above is in USD based on the foreign exchange rate in effect as of September 30, 2023 and December 31, 2022, respectively. We entered into an interest rate swap agreement that fixes CDOR at 3.83% until the maturity of the loan.
[4] This variable rate loan encumbers our North York, ONT property and the amount shown above is in USD based on the foreign exchange rate in effect as of September 30, 2023. We entered into an interest rate swap agreement that fixes CDOR at 3.79% until the maturity of the loan.
[5] This variable rate loan encumbers our Ontario Portfolio and the amount shown above is in USD based on the foreign exchange rate in effect as of September 30, 2023. We entered into an interest rate swap agreement that fixes CDOR at 4.73% until the maturity of the loan.
[6] This variable rate loan encumbers our Vancouver, BC property and the amount shown above is in USD based on the foreign exchange rate in effect as of September 30, 2023. We entered into an interest rate swap agreement that fixes CDOR at 4.47% until the maturity of the loan.
[7] This variable rate loan encumbers our Edmonton, AB property and the amount shown above is in USD based on the foreign exchange rate in effect as of September 30, 2023.