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Debt - Summary of Secured Debt (Detail) - USD ($)
Dec. 31, 2023
Sep. 28, 2023
Apr. 13, 2023
Dec. 31, 2022
Jul. 08, 2021
Line Of Credit Facility [Line Items]          
Total Debt $ 286,484,421     $ 157,169,423  
Huntington Credit Facility          
Line Of Credit Facility [Line Items]          
Total Debt $ 107,574,000     95,091,351  
Interest Rate [1] 7.96%        
Maturity Date Nov. 30, 2025 Nov. 30, 2025 Nov. 30, 2025    
Skymar Loan          
Line Of Credit Facility [Line Items]          
Total Debt $ 4,764,241     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 Debt       35,000,000  
National Bank of Canada | Burlington Loan          
Line Of Credit Facility [Line Items]          
Total Debt $ 11,823,653     12,055,230  
Interest Rate [2] 7.71%        
Maturity Date Sep. 20, 2025        
National Bank of Canada | Cambridge Loan          
Line Of Credit Facility [Line Items]          
Total Debt $ 11,348,205     11,439,000  
Interest Rate [3] 7.71%        
Maturity Date Dec. 20, 2025        
National Bank of Canada | North York Loan          
Line Of Credit Facility [Line Items]          
Total Debt $ 18,857,500        
Interest Rate [4] 7.86%        
Maturity Date Jan. 31, 2025        
National Bank of Canada | Ontario Loan          
Line Of Credit Facility [Line Items]          
Total Debt $ 95,946,960        
Interest Rate [5] 8.06%        
Maturity Date Jun. 15, 2025        
Bank of Montreal Loan          
Line Of Credit Facility [Line Items]          
Total Debt $ 16,311,738        
Interest Rate [6] 7.96%        
Maturity Date May 04, 2025        
First National Loan          
Line Of Credit Facility [Line Items]          
Total Debt $ 6,641,612        
Interest Rate [7] 9.10%        
Maturity Date Jun. 01, 2025        
SmartStop Bridge Loan          
Line Of Credit Facility [Line Items]          
Total Debt $ 15,000,000        
Interest Rate 8.38%        
Maturity Date Dec. 31, 2024        
Secured Debt          
Line Of Credit Facility [Line Items]          
Total Debt $ 4,764,241     4,800,000  
Debt issuance costs, net $ (1,783,488)     $ (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 December 31, 2023 and 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 December 31, 2023 and 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 December 31, 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 the six properties in our Ontario Portfolio and the amount shown above is in USD based on the foreign exchange rate in effect as of December 31, 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 December 31, 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 December 31, 2023.