Subsequent Events	12 Months Ended
Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 12. Subsequent Events Acquisition of Montreal Property On January 9, 2024, we (through our subsidiaries) and SmartCentres Real Estate Investment Trust (“SmartCentres”) (through its subsidiaries) acquired a tract of land located in Montreal, Quebec (the “Montreal Land”) from an unaffiliated third party. The Montreal Land is owned by a limited partnership in which we (through our subsidiaries) and SmartCentres (through its subsidiaries) are each a 50% limited partner and each have an equal ranking general partner. At closing, we (through our subsidiaries) subscribed for 50% of the units of the limited partnership at an agreed upon subscription price of approximately CAD $4.5 million, representing a contribution equivalent to 50% of the purchase price of the Montreal Land. The contribution was funded with proceeds from our Primary Offering. We expect that the limited partnership will develop the Montreal Land and build a self storage facility (the “Montreal Property”). The project is expected to be funded with debt proceeds. Huntington Credit Facility On March 28, 2024, we terminated the SOFR Huntington Credit Facility Swap I and II and entered into two new interest rate swap agreements with the same notional amount of $38.0 million and $22.0 million, respectively, whereby SOFR is swapped at 2.92% through the maturity of the Huntington Credit Facility for a total cost of approximately $1.1 million. Cash Distribution Declaration On March 28, 2024, our board of directors declared a daily distribution rate of approximately $0.001693 per day per share on the outstanding shares of common stock payable to Class A, Class T, Class W, Class P, Class Y and Class Z stockholders of record of such shares as shown on our books at the close of business on each day of the period commencing on April 1, 2024 and ending June 30, 2024. In connection with this distribution, for the stockholders of Class T and Class Y shares, after the stockholder servicing fee is paid, approximately $0.001439 per day will be paid per Class T and Class Y share and for the stockholders of Class W and Class Z shares, after the dealer manager servicing fee is paid, approximately $0.001566 per day will be paid per Class W and Class Z share. Such distributions payable to each stockholder of record during a month will be paid the following month. Offering Status On February 1, 2024, our board of directors approved an extension of our public offering to March 17, 2025, as permitted under applicable SEC rules. We may continue to sell Class Y shares and Class Z shares in our public offering until the third anniversary of the effective date of our public offering, March 17, 2025, unless further extended by our board of directors under applicable law. We also reserve the right to terminate our public offering at any time. As of March 25, 2024, in connection with our offerings we have issued approximately 11.2 million Class P shares for gross offering proceeds of approximately $106.5 million, approximately 3.4 million Class A shares for gross offering proceeds of approximately $34.2 million, approximately 5.3 million Class T shares for gross offering proceeds of approximately $52.8 million, approximately 0.7 million Class W shares for gross offering proceeds of approximately $6.5 million, approximately 1.4 million Class Y shares for gross offering proceeds of approximately $13.4 million and approximately 0.1 million Class Z shares for gross offering proceeds of approximately $1.1 million.

Subsequent Events

12 Months Ended

Dec. 31, 2023

Note 12. Subsequent Events

Acquisition of Montreal Property

On January 9, 2024, we (through our subsidiaries) and SmartCentres Real Estate Investment Trust (“SmartCentres”) (through its subsidiaries) acquired a tract of land located in Montreal, Quebec (the “Montreal Land”) from an unaffiliated third party. The Montreal Land is owned by a limited partnership in which we (through our subsidiaries) and SmartCentres (through its subsidiaries) are each a 50% limited partner and each have an equal ranking general partner. At closing, we (through our subsidiaries) subscribed for 50% of the units of the limited partnership at an agreed upon subscription price of approximately CAD $4.5 million, representing a contribution equivalent to 50% of the purchase price of the Montreal Land. The contribution was funded with proceeds from our Primary Offering. We expect that the limited partnership will develop the Montreal Land and build a self storage facility (the “Montreal Property”). The project is expected to be funded with debt proceeds.

Huntington Credit Facility

On March 28, 2024, we terminated the SOFR Huntington Credit Facility Swap I and II and entered into two new interest rate swap agreements with the same notional amount of $38.0 million and $22.0 million, respectively, whereby SOFR is swapped at 2.92% through the maturity of the Huntington Credit Facility for a total cost of approximately $1.1 million.

Cash Distribution Declaration

On March 28, 2024, our board of directors declared a daily distribution rate of approximately $0.001693 per day per share on the outstanding shares of common stock payable to Class A, Class T, Class W, Class P, Class Y and Class Z stockholders of record of such shares as shown on our books at the close of business on each day of the period commencing on April 1, 2024 and ending June 30, 2024. In connection with this distribution, for the stockholders of Class T and Class Y shares, after the stockholder servicing fee is paid, approximately $0.001439 per day will be paid per Class T and Class Y share and for the stockholders of Class W and Class Z shares, after the dealer manager servicing fee is paid, approximately $0.001566 per day will be paid per Class W and Class Z share. Such distributions payable to each stockholder of record during a month will be paid the following month.

Offering Status

On February 1, 2024, our board of directors approved an extension of our public offering to March 17, 2025, as permitted under applicable SEC rules. We may continue to sell Class Y shares and Class Z shares in our public offering until the third anniversary of the effective date of our public offering, March 17, 2025, unless further extended by our board of directors under applicable law. We also reserve the right to terminate our public offering at any time.

As of March 25, 2024, in connection with our offerings we have issued approximately 11.2 million Class P shares for gross offering proceeds of approximately $106.5 million, approximately 3.4 million Class A shares for gross offering proceeds of approximately $34.2 million, approximately 5.3 million Class T shares for gross offering proceeds of approximately $52.8 million, approximately 0.7 million Class W shares for gross offering proceeds of approximately $6.5 million, approximately 1.4 million Class Y shares for gross offering proceeds of approximately $13.4 million and approximately 0.1 million Class Z shares for gross offering proceeds of approximately $1.1 million.