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Debt - Summary of Secured Debt (Detail) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Sep. 28, 2023
Apr. 13, 2023
Jul. 08, 2021
Line Of Credit Facility [Line Items]          
Total Debt $ 282,980,231 $ 286,484,421      
Huntington Credit Facility          
Line Of Credit Facility [Line Items]          
Total Debt $ 107,574,000 107,574,000      
Interest Rate [1] 7.94%        
Maturity Date Nov. 30, 2025   Nov. 30, 2025 Nov. 30, 2025  
Skymar Loan          
Line Of Credit Facility [Line Items]          
Total Debt $ 4,736,823 4,764,241      
Interest Rate 4.125%       4.125%
Maturity Date Aug. 01, 2024       Aug. 01, 2024
National Bank of Canada | Burlington Loan          
Line Of Credit Facility [Line Items]          
Total Debt $ 11,451,033 11,823,653      
Interest Rate [2] 7.54%        
Maturity Date Sep. 20, 2025        
National Bank of Canada | Cambridge Loan          
Line Of Credit Facility [Line Items]          
Total Debt $ 10,996,043 11,348,205      
Interest Rate [3] 7.54%        
Maturity Date Dec. 20, 2025        
National Bank of Canada | North York Loan          
Line Of Credit Facility [Line Items]          
Total Debt $ 18,334,450 18,857,500      
Interest Rate [4] 7.69%        
Maturity Date Jan. 31, 2025        
National Bank of Canada | Ontario Loan          
Line Of Credit Facility [Line Items]          
Total Debt $ 93,911,760 95,946,960      
Interest Rate [5] 7.89%        
Maturity Date Jun. 15, 2025        
Bank of Montreal Loan          
Line Of Credit Facility [Line Items]          
Total Debt $ 15,965,737 16,311,738      
Interest Rate [6] 7.79%        
Maturity Date May 04, 2025        
First National Loan          
Line Of Credit Facility [Line Items]          
Total Debt $ 6,500,732 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 15,000,000      
Interest Rate 9.34%        
Maturity Date Dec. 31, 2024        
Secured Debt          
Line Of Credit Facility [Line Items]          
Total Debt $ 4,736,823 4,764,241      
Debt issuance costs, net $ (1,490,347) $ (1,783,488)      
[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 2.12% 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 March 31, 2024 and December 31, 2023, 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 March 31, 2024 and December 31, 2023, 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 March 31, 2024 and December 31, 2023, respectively. 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 March 31, 2024 and December 31, 2023, respectively. 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 March 31, 2024 and December 31, 2023, respectively. 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 March 31, 2024 and December 31, 2023, respectively.