SmartStop Self Storage REIT (STSFF) 10-K 29 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 21, 2016	Jun. 30, 2015
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Trading Symbol	ck0001585389
Entity Registrant Name	STRATEGIC STORAGE TRUST II, INC.
Entity Central Index Key	1,585,389
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Public Float			$ 34,684,810
Class A Common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		29,377,129
Class T Common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,545,444

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Real estate facilities:
Land	$ 47,653,000	$ 4,750,000
Buildings	97,941,472	14,376,589
Site improvements	10,650,078	1,731,291
Real estate investment property, gross	156,244,550	20,857,880
Accumulated depreciation	(3,755,709)	(93,433)
Real estate investment property	152,488,841	20,764,447
Construction in process	385,408	1,375
Real estate facilities, net	152,874,249	20,765,822
Cash and cash equivalents	28,104,470	6,531,152
Restricted cash	410,492	382,792
Other assets	6,017,845	4,666,438
Debt issuance costs, net of accumulated amortization	2,336,268	713,062
Intangible assets, net of accumulated amortization	3,910,966	1,991,383
Total assets	193,654,290	35,050,649
LIABILITIES AND EQUITY
Secured debt	23,237,237	13,494,871
Accounts payable and accrued liabilities	2,146,253	585,227
Due to affiliates	208,483	4,324,235
Distributions payable	986,886	80,424
Distributions payable to preferred unitholders in our Operating Partnership	0	84,166
Total liabilities	$ 26,578,859	$ 18,568,923
Commitments and contingencies (Note 7)
Redeemable common stock	$ 1,223,483	$ 73,514
Preferred equity in our Operating Partnership	0	5,028,115
Equity
Preferred stock, $0.001 par value; 200,000,000 shares authorized; none issued and outstanding at December 31, 2015 and 2014	0	0
Additional paid-in capital	187,434,752	14,004,810
Distributions	(3,893,528)	(311,975)
Accumulated deficit	(17,687,326)	(2,396,385)
Total Strategic Storage Trust II, Inc. equity	165,875,192	11,298,216
Noncontrolling interests in our Operating Partnership	(23,244)	81,881
Total equity	165,851,948	11,380,097
Total liabilities and equity	193,654,290	35,050,649
Class A Common stock
Equity
Common stock, value	20,685	1,766
Class T Common stock
Equity
Common stock, value	$ 609	$ 0

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Preferred Stock, par value	$ 0.001	$ 0.001
Preferred Stock, shares authorized	200,000,000	200,000,000
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0
Class A Common stock
Common stock, par value	$ 0.001	$ 0.001
Common Stock, shares authorized	350,000,000	350,000,000
Common Stock, shares issued	20,684,791	1,765,515
Common Stock, shares outstanding	20,684,791	1,765,515
Class T Common stock
Common stock, par value	$ 0.001	$ 0.001
Common Stock, shares authorized	350,000,000	350,000,000
Common Stock, shares issued	608,982	0
Common Stock, shares outstanding	608,982	0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues:
Self storage rental revenue	$ 17,547,235	$ 450,963	$ 0
Ancillary operating revenue	358,464	14,382	0
Total revenues	17,905,699	465,345	0
Operating expenses:
Property operating expenses	6,754,391	167,434	0
Property operating expenses - affiliates	2,124,892	69,541	0
General and administrative	1,591,577	943,865	0
Depreciation	3,967,981	94,063	0
Intangible amortization expense	5,142,417	158,617	0
Acquisition expenses - affiliates	2,776,679	1,089,783	0
Other property acquisition expenses	624,642	198,907	0
Total operating expenses	22,982,579	2,722,210	0
Operating loss	(5,076,880)	(2,256,865)	0
Other income (expense):
Interest expense	(2,908,171)	(116,920)	0
Accretion of fair market value of secured debt	91,061	16,543	0
Debt issuance costs	(1,011,121)	(4,343)	0
Other	(32,430)	0	0
Net loss	(8,937,541)	(2,361,585)	0
Less: Distributions to preferred unitholders in our Operating Partnership	(4,825,139)	(117,472)	0
Less: Accretion of preferred equity costs	(1,621,385)	(28,115)	0
Net loss attributable to the noncontrolling interests in our Operating Partnership	93,124	110,787	0
Net loss attributable to Strategic Storage Trust II, Inc. common stockholders	$ (15,290,941)	$ (2,396,385)	$ 0
Class A Common stock
Other income (expense):
Net loss per share-basic and diluted	$ (2.56)	$ (4.59)	$ 0
Weighted average shares outstanding-basic and diluted	5,923,286	522,223	42
Class T Common stock
Other income (expense):
Net loss per share-basic and diluted	$ (2.56)	$ 0	$ 0
Weighted average shares outstanding-basic and diluted	45,924	0	0

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($)	Total	Redeemable Common Stock [Member]	Common StockClass A Common stock	Common StockClass T Common stock	Additional Paid-in Capital [Member]	Distributions [Member]	Accumulated Deficit [Member]	Total Strategic Storage Trust II, Inc. Equity [Member]	Noncontrolling Interests in our Operating Partnership [Member]	Preferred Equity in our Operating Partnership
Beginning Balance at Jan. 07, 2013	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0
Beginning Balance (in shares) at Jan. 07, 2013			0	0
Gross proceeds from issuance of common stock	1,000	0	$ 1	$ 0	999	0	0	1,000	0	0
Gross proceeds from issuance of common stock (in shares)			100
Issuance of limited partnership units in our Operating Partnership	200,000	0	$ 0	0	0	0	0	0	200,000	0
Net loss attributable to Strategic Storage II Trust, Inc.	0
Net loss attributable to the noncontrolling interests in our Operating Partnership	0
Ending Balance at Dec. 31, 2013	201,000	0	$ 1	$ 0	999	0	0	1,000	200,000	0
Ending Balance (in shares) at Dec. 31, 2013			100	0
Gross proceeds from issuance of common stock	17,536,902	0	$ 1,757	$ 0	17,535,145	0	0	17,536,902	0	0
Gross proceeds from issuance of common stock (in shares)			1,757,677	0
Offering costs	(3,531,326)	0	$ 0	$ 0	(3,531,326)	0	0	(3,531,326)	0	0
Changes to redeemable common stock	$ (73,514)	73,514	0	0	(73,514)	0	0	(73,514)	0	0
Redemptions of common stock (in shares)	0
Distributions ($0.60 per share)	$ (311,975)	0	0	0	0	(311,975)	0	(311,975)	0	0
Distributions for noncontrolling interests	(7,332)	0	0	0	0	0	0	0	(7,332)	0
Issuance of shares for distribution reinvestment plan	73,514	0	$ 8	$ 0	73,506	0	0	73,514	0	0
Issuance of shares for distribution reinvestment plan (in shares)			7,738	0
Net loss attributable to Strategic Storage II Trust, Inc.	(2,396,385)	0	$ 0	$ 0	0	0	(2,396,385)	(2,396,385)	0	0
Net loss attributable to the noncontrolling interests in our Operating Partnership	(110,787)	0	0	0	0	0	0	0	(110,787)	0
Gross proceeds from issuance of preferred equity in our Operating Partnership	0	0	0	0	0	0	0	0	0	6,517,119
Preferred equity issuance costs	0	0	0	0	0	0	0	0	0	(1,517,119)
Accretion of preferred equity issuance costs	0	0	0	0	0	0	0	0	0	28,115
Ending Balance at Dec. 31, 2014	11,380,097	73,514	$ 1,766	$ 0	14,004,810	(311,975)	(2,396,385)	11,298,216	81,881	5,028,115
Ending Balance (in shares) at Dec. 31, 2014			1,765,515	0
Gross proceeds from issuance of common stock	193,105,306	0	$ 18,796	$ 608	193,085,902	0	0	193,105,306	0	0
Gross proceeds from issuance of common stock (in shares)			18,797,161	608,918
Offering costs	(19,667,131)	0	$ 0	$ 0	(19,667,131)	0	0	(19,667,131)	0	0
Changes to redeemable common stock	(1,177,289)	1,177,289	0	0	(1,177,289)	0	0	(1,177,289)	0	0
Redemptions of common stock	(1)	(27,320)	$ (1)	$ 0	0	0	0	(1)	0	0
Redemptions of common stock (in shares)			(1,750)	0
Distributions ($0.60 per share)	(3,581,553)	0	$ 0	$ 0	0	(3,581,553)	0	(3,581,553)	0	0
Distributions for noncontrolling interests	(12,001)	0	0	0	0	0	0	0	(12,001)	0
Issuance of shares for distribution reinvestment plan	1,177,289	0	$ 124	$ 1	1,177,164	0	0	1,177,164	0	0
Issuance of shares for distribution reinvestment plan (in shares)			123,865	64
Deferred compensation expense	11,296	0	$ 0	$ 0	11,296	0	0	11,296	0	0
Net loss attributable to Strategic Storage II Trust, Inc.	(15,290,941)	0	0	0	0	0	(15,290,941)	(15,290,941)	0	0
Net loss attributable to the noncontrolling interests in our Operating Partnership	(93,124)	0	0	0	0	0	0	0	(93,124)	0
Gross proceeds from issuance of preferred equity in our Operating Partnership	0	0	0	0	0	0	0	0	0	52,952,380
Redemption of preferred equity in our Operating Partnership	0	0	0	0	0	0	0	0	0	(59,469,500)
Preferred equity issuance costs	0	0	0	0	0	0	0	0	0	(132,380)
Accretion of preferred equity issuance costs	0	0	0	0	0	0	0	0	0	1,621,385
Ending Balance at Dec. 31, 2015	$ 165,851,948	$ 1,223,483	$ 20,685	$ 609	$ 187,434,752	$ (3,893,528)	$ (17,687,326)	$ 165,875,192	$ (23,244)	$ 0
Ending Balance (in shares) at Dec. 31, 2015			20,684,791	608,982

Consolidated Statements of Equ6

Consolidated Statements of Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Statement of Stockholders' Equity [Abstract]
Distributions, per share	$ 0.60	$ 0.60

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net loss	$ (8,937,541)	$ (2,361,585)	$ 0
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation and amortization	9,657,330	257,023	0
Accretion of fair market value adjustment of secured debt	(91,061)	(16,543)	0
Expense related to issuance of restricted stock	11,296	0	0
Increase (decrease) in cash from changes in assets and liabilities:
Other assets	(1,516,214)	(145,776)	0
Restricted cash	59,215	(177,701)	0
Accounts payable and accrued liabilities	1,125,839	501,065	0
Due to affiliates	(1,561,104)	1,609,075	0
Net cash used in operating activities	(1,252,240)	(334,442)	0
Cash flows from investing activities:
Purchase of real estate	(136,121,758)	(9,481,306)	0
Additions to real estate facilities	(2,170,514)	(2,255)	0
Deposits on acquisition of real estate facilities	(2,486,163)	(4,000,000)	0
Restricted cash	(86,915)	(205,091)	0
Net cash flows used in investing activities	(140,865,350)	(13,688,652)	0
Cash flows from financing activities:
Gross proceeds from issuance of secured debt	71,981,167	0	0
Principal payments on secured debt	(62,147,740)	(14,280)	0
Proceeds from issuance of preferred equity in our Operating Partnership	52,820,000	5,000,000	0
Redemption of preferred equity in our Operating Partnership	(59,469,500)	0	0
Debt issuance costs	(2,582,779)	(200,842)	0
Gross proceeds from issuance of common stock	190,817,800	17,477,102	1,000
Offering costs	(21,291,432)	(1,710,059)	0
Redemption of common stock	(17,500)	0	0
Issuance of Operating Partnership units	0	0	200,000
Distributions paid to common stockholders	(1,497,802)	(158,037)	0
Distributions paid to preferred unitholders in our Operating Partnership	(4,909,305)	(33,306)	0
Distributions paid to noncontrolling interests in our Operating Partnership	(12,001)	(7,332)	0
Net cash flows provided by financing activities	163,690,908	20,353,246	201,000
Change in cash and cash equivalents	21,573,318	6,330,152	201,000
Cash and cash equivalents, beginning of period	6,531,152	201,000	0
Cash and cash equivalents, end of period	28,104,470	6,531,152	201,000
Supplemental disclosures and non-cash transactions:
Cash paid for interest	2,807,997	116,920	0
Supplemental disclosure of noncash activities:
Deposit applied to the purchase of real estate facilities	4,444,491	0	0
Proceeds from issuance of common stock in other assets	2,346,306	59,800	0
Disposal of site improvements	273,963	0	0
Transfer from intangibles to real estate facilities to finalize purchase price allocations	958,000	0	0
Additions to construction in process included in accounts payable and accrued liabilities	369,903	0	0
Offering costs included in due to affiliates	160,512	1,811,795	0
Debt issuance costs included in due to affiliates	0	441,873	0
Offering costs included in accounts payable and accrued liabilities	45,275	9,472	0
Redemption of common stock	9,820	0	0
Issuance of shares pursuant to distribution reinvestment plan	1,177,289	73,514	0
Distributions payable	986,886	80,424	0
Preferred equity issuance cost	0	1,517,119	0
Secured debt assumed during the purchase of real estate	0	12,618,694	0
Other assets included in due to affiliates	0	461,492	0
Debt issuance costs included in accounts payable and accrued liabilities	104,171	74,690	0
Distributions payable to preferred unitholders in our Operating Partnership	$ 0	$ 84,166	$ 0

Organization

Organization	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Organization	Note 1. Organization Strategic Storage Trust II, Inc., a Maryland corporation (the “Company”), was formed on January 8, 2013 under the Maryland General Corporation Law for the purpose of engaging in the business of investing in self storage facilities. The Company’s year-end is December 31. As used in this report, “we,” “us,” “our,” and “Company” refer to Strategic Storage Trust II, Inc. Strategic Storage Holdings, LLC, a Delaware limited liability company (“SSH”), was the sponsor of our Offering (as defined below) through August 31, 2014. Effective August 31, 2014, SmartStop Self Storage, Inc. (“SmartStop”), formerly known as Strategic Storage Trust, Inc., entered into a series of transactions, agreements and amendments to its existing agreements and arrangements (such agreements and amendments hereinafter referred to collectively as the “Self Administration and Investment Management Transaction”) with SSH and its affiliates, pursuant to which, effective August 31, 2014, SmartStop acquired the self storage advisory, asset management, property management and investment management businesses of SSH including SSH’s sole membership interest in SmartStop Asset Management, LLC (formerly Strategic Storage Realty Group, LLC), which owns 97.5% of the economic interests (and 100% of the voting membership interests) of Strategic Storage Advisor II, LLC (our “Advisor”) and owns 100% of Strategic Storage Property Management II, LLC (our “Property Manager”). On October 1, 2015, SmartStop and Extra Space Storage Inc. (“Extra Space”), along with subsidiaries of each of SmartStop and Extra Space, closed on a merger transaction (the “Merger”) in which SmartStop was acquired by Extra Space for $13.75 per share in cash, representing an enterprise value of approximately $1.4 billion. At the closing of the Merger, SmartStop Asset Management, LLC, the owner of our Property Manager and majority and sole voting member of our Advisor, was sold to an entity controlled by H. Michael Schwartz, our Chairman of the Board of Directors, Chief Executive Officer and President, and became our sponsor (our “Sponsor”). The former executive management team of SmartStop continues to serve as the executive management team for our Sponsor. In addition, our management team remains the same, as well as the management team of our Advisor and Property Manager. We have no employees. Our Advisor, a Delaware limited liability company, was formed on January 8, 2013. Our Advisor is responsible for managing our affairs on a day-to-day basis and identifying and making acquisitions and investments on our behalf under the terms of the advisory agreement we have with our Advisor (our “Advisory Agreement”). The officers of our Advisor are also officers of us and our Sponsor. On August 2, 2013, our Advisor purchased 100 shares of our common stock for $1,000 and became our initial stockholder. Our Articles of Amendment and Restatement, as amended, authorize 350,000,000 shares of Class A common stock, $0.001 par value per share (the “Class A Shares”) and 350,000,000 shares of Class T common stock, $0.001 par value per share (the “Class T Shares”) and 200,000,000 shares of preferred stock with a par value of $0.001. We are offering a maximum of $1,000,000,000 of common shares for sale to the public (the “Primary Offering”) and $95,000,000 of common shares for sale pursuant to our distribution reinvestment plan (collectively, the “Offering”). On January 10, 2014, the Securities and Exchange Commission (“SEC”) declared our registration statement effective. On May 23, 2014, we satisfied the $1.5 million minimum offering requirements of our Offering and commenced formal operations. On September 28, 2015, we revised our Primary Offering and are now offering two classes of shares of common stock: Class A Shares and Class T Shares. As of December 31, 2015, we had issued approximately 20.7 million Class A Shares and approximately 0.6 million Class T Shares in our Offering for gross proceeds of approximately $206.1 million and approximately $5.8 million, respectively. We intend to invest the net proceeds from the Offering primarily in self storage facilities and related self storage real estate investments. As of December 31, 2015 we owned 33 properties and subsequent to December 31, 2015 we acquired an additional seven properties (see Note 11). Our operating partnership, Strategic Storage Operating Partnership II, L.P., a Delaware limited partnership (our “Operating Partnership”), was formed on January 9, 2013. During 2013, our Advisor purchased limited partnership interests in our Operating Partnership for $200,000 and on August 2, 2013, we contributed the initial $1,000 capital contribution we received to our Operating Partnership in exchange for the general partner interest. Our Operating Partnership owns, directly or indirectly through one or more special purpose entities, all of the self storage properties that we have acquired and the self storage properties we will acquire in the future. As of December 31, 2015, we owned approximately 99.9% of the common units of limited partnership interests of our Operating Partnership. The remaining approximately 0.1% of the common units are owned by our Advisor. Our Operating Partnership had issued approximately 2.4 million Series A Cumulative Redeemable Preferred Units (the “Preferred Units”) to SSTI Preferred Investor, LLC (the “Preferred Investor”), a wholly-owned subsidiary of SmartStop Self Storage Operating Partnership, L.P., the former operating partnership of SmartStop, in exchange for an investment in our Operating Partnership of approximately $59.5 million. Such Preferred Units were owned by Extra Space subsequent to the Merger. As of December 31, 2015, we had redeemed all of the Preferred Units. As the sole general partner of our Operating Partnership, we have the exclusive power to manage and conduct the business of our Operating Partnership. We conduct certain activities through our taxable REIT subsidiary, Strategic Storage TRS II, Inc., a Delaware corporation (the “TRS”), which is a wholly-owned subsidiary of our Operating Partnership. Our Property Manager was formed on January 8, 2013 to manage our properties. Our Property Manager derives substantially all of its income from the property management services it performs for us. Our Property Manager may enter into sub-property management agreements with third party management companies and pay part of its management fee to such sub-property manager. At the closing of the Merger, we entered into new property management agreements with our Property Manager and our Property Manager entered into sub-property management agreements with Extra Space for the management of our properties in the United States. Furthermore, Extra Space acquired the rights to the “SmartStop ® ® Our dealer manager is Select Capital Corporation, a California corporation (our “Dealer Manager”). Our Dealer Manager is responsible for marketing our shares being offered pursuant to our Primary Offering. Our president owned, through a wholly-owned limited liability company, a 15% non-voting equity interest in our Dealer Manager through August 31, 2014. Effective August 31, 2014, SmartStop indirectly owned the 15% non-voting equity interest in our Dealer Manager, pursuant to the Self Administration and Investment Management Transaction. Effective October 1, 2015, in connection with the Merger, the 15% non-voting equity interest in our Dealer Manager is now owned by our Sponsor. An affiliate of our Dealer Manager continues to own a 2.5% non-voting membership interest in our Advisor. As we accept subscriptions for shares of our common stock, we transfer substantially all of the net offering proceeds to our Operating Partnership as capital contributions in exchange for additional units of interest in our Operating Partnership. However, we are deemed to have made capital contributions in the amount of gross proceeds received from investors, and our Operating Partnership is deemed to have simultaneously paid the sales commissions and other costs associated with the Offering. In addition, our Operating Partnership is structured to make distributions with respect to limited partnership units that are equivalent to the distributions made to holders of common stock. Finally, a limited partner in our Operating Partnership may later exchange his or her limited partnership units in our Operating Partnership for shares of our common stock at any time after one year following the date of issuance of their limited partnership units, subject to certain restrictions outlined in our Operating Partnership’s limited partnership agreement (the “Operating Partnership Agreement”). Our Advisor is prohibited from exchanging or otherwise transferring its limited partnership units so long as it is acting as our Advisor pursuant to our Advisory Agreement.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) and the rules and regulations of the SEC. Principles of Consolidation Our financial statements, and the financial statements of our Operating Partnership, including its wholly-owned subsidiaries, are consolidated in the accompanying consolidated financial statements. The portion of these entities not wholly-owned by us is presented as noncontrolling interests. All significant intercompany accounts and transactions have been eliminated in consolidation. Consolidation Considerations Current accounting guidance provides a framework for identifying a variable interest entity (“VIE”) and determining when a company should include the assets, liabilities, noncontrolling interests, and results of activities of a VIE in its consolidated financial statements. In general, a VIE is an entity or other legal structure used to conduct activities or hold assets that either (1) has an insufficient amount of equity to carry out its principal activities without additional subordinated financial support, (2) has a group of equity owners that are unable to make significant decisions about its activities, or (3) has a group of equity owners that do not have the obligation to absorb losses or the right to receive returns generated by its operations. Generally, a VIE should be consolidated if a party with an ownership, contractual, or other financial interest in the VIE (a variable interest holder) has the power to direct the VIE’s most significant activities and the obligation to absorb losses or right to receive benefits of the VIE that could be significant to the VIE. A variable interest holder that consolidates the VIE is called the primary beneficiary. Upon consolidation, the primary beneficiary generally must initially record all of the VIE’s assets, liabilities, and noncontrolling interest at fair value and subsequently account for the VIE as if it were consolidated based on majority voting interest. As of December 31, 2015 and 2014, we had not entered into contracts/interests that would be deemed to be variable interests in VIEs. Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The current economic environment has increased the degree of uncertainty inherent in these estimates and assumptions. Management will adjust such estimates when facts and circumstances dictate. Actual results could materially differ from those estimates. The most significant estimates made include the allocation of property purchase price to tangible and intangible assets acquired and liabilities assumed at fair value, the determination if certain entities should be consolidated, the evaluation of potential impairment of long-lived assets, and the useful lives of real estate assets and intangibles. Cash and Cash Equivalents We consider all short-term, highly liquid investments that are readily convertible to cash with a maturity of three months or less at the time of purchase to be cash equivalents. We may maintain cash equivalents in financial institutions in excess of insured limits, but believe this risk will be mitigated by only investing in or through major financial institutions. Restricted Cash Restricted cash consists primarily of impound reserve accounts for property taxes, insurance and capital improvements in connection with the requirements of our loan agreement. Real Estate Purchase Price Allocation We account for acquisitions in accordance with amended accounting guidance which requires that we allocate the purchase price of the property to the tangible and intangible assets acquired and the liabilities assumed based on estimated fair values. This guidance requires us to make significant estimates and assumptions, including fair value estimates, as of the acquisition date and to adjust those estimates as necessary during the measurement period (defined as the period, not to exceed one year, in which we may adjust the provisional amounts recognized for an acquisition). Acquisitions of portfolios of facilities are allocated to the individual facilities based upon an income approach or a cash flow analysis using appropriate risk adjusted capitalization rates which take into account the relative size, age, and location of the individual facility along with current and projected occupancy and rental rate levels or appraised values, if available. Allocations to the individual assets and liabilities are based upon comparable market sales information for land and estimates of depreciated replacement cost of equipment, building and site improvements. In allocating the purchase price, we determine whether the acquisition includes intangible assets or liabilities. Substantially all of the leases in place at acquired properties are at market rates, as the majority of the leases are month-to-month contracts. We also consider whether in-place, market leases represent an intangible asset. We recorded approximately $8.0 million and approximately $1.2 million in intangible assets to recognize the value of in-place leases related to our acquisitions during 2015 and 2014, respectively. We do not expect, nor to date have we recorded, intangible assets for the value of customer relationships because we expect we will not have concentrations of significant customers and the average customer turnover will be fairly frequent. Our acquisition-related transaction costs are required to be expensed as incurred. During the years ended December 31, 2015 and 2014 we expensed approximately $3.4 million and $1.3 million, respectively, of acquisition-related transaction costs. Should the initial accounting for an acquisition be incomplete by the end of a reporting period that falls within the measurement period, we will report provisional amounts in our financial statements. During the measurement period, we will adjust the provisional amounts recognized at the acquisition date to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date and we will record those adjustments to our financial statements. We will recognize any measurement adjustments during the period in which we determine the amount of the adjustment to our financial statements, potentially including adjustments to interest, depreciation and amortization expense. Evaluation of Possible Impairment of Long-Lived Assets Management will continually monitor events and changes in circumstances that could indicate that the carrying amounts of our long-lived assets, may not be recoverable. When indicators of potential impairment are present that indicate that the carrying amounts of the assets may not be recoverable, we will assess the recoverability of the assets by determining whether the carrying value of the long-lived assets will be recovered through the undiscounted future operating cash flows expected from the use of the asset and its eventual disposition. In the event that such expected undiscounted future cash flows do not exceed the carrying value, we will adjust the value of the long-lived assets to the fair value and recognize an impairment loss. For the years ended December 31, 2015 and 2014, no impairment losses were recognized. Revenue Recognition Management believes that all of our leases are operating leases. Rental income is recognized in accordance with the terms of the leases, which generally are month-to-month. Revenues from any long-term operating leases are recognized on a straight-line basis over the term of the lease. The excess of rents received over amounts contractually due pursuant to the underlying leases is included in accounts payable and accrued liabilities in our consolidated balance sheets and contractually due but unpaid rent is included in other assets. Allowance for Doubtful Accounts Tenant accounts receivable is reported net of an allowance for doubtful accounts. Management’s estimate of the allowance is based upon a review of the current status of tenant accounts receivable. It is reasonably possible that management’s estimate of the allowance will change in the future. Real Estate Facilities Real estate facilities are recorded at cost. We capitalize costs incurred to develop, construct, renovate and improve properties, including interest and property taxes incurred during the construction period. The construction period begins when expenditures for the real estate assets have been made and activities that are necessary to prepare the asset for its intended use are in progress. The construction period ends when the asset is substantially complete and ready for its intended use. Depreciation of Real Property Assets Our management is required to make subjective assessments as to the useful lives of our depreciable assets. We consider the period of future benefit of the asset to determine the appropriate useful lives. Depreciation of our real property assets is charged to expense on a straight-line basis over the estimated useful lives as follows: Description Standard Depreciable Life Land Not Depreciated Buildings 30-35 years Site Improvements 7-10 years As described in Note 1, after the close of the Merger all of our properties in the United States were re-branded under the Extra Space name. As such, during the three months ended September 30, 2015, the depreciable lives for capitalized SmartStop branded signs were reduced to their estimated remaining useful lives. Depreciation expense for the year ended December 31, 2015 includes approximately $230,000 of accelerated depreciation related to the SmartStop branded signs. Depreciation of Personal Property Assets Personal property assets consist primarily of furniture, fixtures and equipment and are depreciated on a straight-line basis over the estimated useful lives generally ranging from 3 to 5 years, and are included in other assets on our consolidated balance sheets. Intangible Assets We have allocated a portion of our real estate purchase price to in-place leases. We are amortizing in-place leases on a straight-line basis over the estimated future benefit period. As of December 31, 2015, the gross amounts allocated to in-place lease intangibles was approximately $9.2 million and accumulated amortization of in-please lease intangibles totaled approximately $5.3 million. As of December 31, 2014, the gross amounts allocated to in-place lease intangibles was approximately $2.1 million and accumulated amortization of in-place lease intangibles totaled approximately $0.2 million. The total estimated amortization expense of intangible assets for the years ending December 31, 2016, and 2017, is approximately $3.8 million, and $100,000, respectively, and none for the years thereafter. Debt Issuance Costs Costs incurred in connection with obtaining financing are deferred and amortized on a straight-line basis over the term of the related loan, which is not materially different than the effective interest method. As of December 31, 2015 and 2014 accumulated amortization of debt issuance costs totaled approximately $48,000 and approximately $4,000, respectively. Organizational and Offering Costs Our Advisor may fund organization and offering costs on our behalf. We will be required to reimburse our Advisor for such organization and offering costs; provided, however, our Advisor must reimburse us within 60 days after the end of the month in which the Offering terminates to the extent we paid or reimbursed organization and offering costs (excluding sales commissions and dealer manager fees) in excess of 3.5% of the gross offering proceeds from the Primary Offering. Such costs will be recognized as a liability when we have a present responsibility to reimburse our Advisor, which is defined in our Advisory Agreement as the date we satisfied the minimum offering requirements of our Offering (which occurred on May 23, 2014). If at any point in time we determine that the total organization and offering costs are expected to exceed 3.5% of the gross proceeds anticipated to be received from the Primary Offering, we will recognize such excess as a capital contribution from our Advisor. As of December 31, 2015, we do not believe total organization and offering costs will exceed 3.5% of the gross proceeds anticipated to be received from the Primary Offering. Offering costs are recorded as an offset to additional paid-in capital, and organization costs are recorded as an expense. Redeemable Common Stock We adopted a share redemption program that will enable stockholders to sell their shares to us in limited circumstances. We record amounts that are redeemable under the share redemption program as redeemable common stock in the accompanying consolidated balance sheet since the shares are redeemable at the option of the holder and therefore their redemption is outside our control. The maximum amount redeemable under our share redemption program is limited to the number of shares we can repurchase with the amount of the net proceeds from the sale of shares under the distribution reinvestment plan. However, accounting guidance states that determinable amounts that can become redeemable but that are contingent on an event that is likely to occur (e.g., the passage of time) should be presented as redeemable when such amount is known. Therefore, the net proceeds from the distribution reinvestment plan are considered to be temporary equity and are presented as redeemable common stock in the accompanying consolidated balance sheet. In addition, current accounting guidance requires, among other things, that financial instruments that represent a mandatory obligation of us to repurchase shares be classified as liabilities and reported at settlement value. Our redeemable common shares will be contingently redeemable at the option of the holder. When we determine we have a mandatory obligation to repurchase shares under the share redemption program, we will reclassify such obligations from temporary equity to a liability based upon their respective settlement values. For the year ended December 31, 2015 we received two redemption requests, one for approximately 1,750 shares which was fulfilled in July 2015, and another for approximately 1,095 shares which was fulfilled in January 2016. For the year ended December 31, 2014, we did not receive any requests for redemptions. Accounting for Equity Awards The cost of restricted stock is required to be measured based on the grant date fair value and the cost recognized over the relevant service period. Fair Value Measurements The accounting standard for fair value measurements and disclosures defines fair value, establishes a framework for measuring fair value, and provides for expanded disclosure about fair value measurements. Fair value is defined by the accounting standard for fair value measurements and disclosures as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. It also establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three levels. The following summarizes the three levels of inputs and hierarchy of fair value we will use when measuring fair value: • Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that we have the ability to access; • Level 2 inputs may include quoted prices for similar assets and liabilities in active markets, as well as interest rates and yield curves that are observable at commonly quoted intervals; and • Level 3 inputs are unobservable inputs for the assets or liabilities that are typically based on an entity’s own assumptions as there is little, if any, related market activity. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the fair value measurement will fall within the lowest level that is significant to the fair value measurement in its entirety. The accounting guidance for fair value measurements and disclosures provides a framework for measuring fair value and establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. In determining fair value, we will utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible as well as consider counterparty credit risk in our assessment of fair value. Considerable judgment will be necessary to interpret Level 2 and 3 inputs in determining fair value of our financial and non-financial assets and liabilities. Accordingly, there can be no assurance that the fair values we will present will be indicative of amounts that may ultimately be realized upon sale or other disposition of these assets. Financial and non-financial assets and liabilities measured at fair value on a non-recurring basis in our consolidated financial statements consist of real estate and related liabilities assumed related to our acquisitions. The fair values of these assets and liabilities were determined as of the acquisition dates using widely accepted valuation techniques, including (i) discounted cash flow analysis, which considers, among other things, leasing assumptions, growth rates, discount rates and terminal capitalization rates, (ii) income capitalization approach, which considers prevailing market capitalization rates, and (iii) comparable sales activity. In general, we consider multiple valuation techniques when measuring fair values. However, in certain circumstances, a single valuation technique may be appropriate. All of the fair values of the assets and liabilities as of the acquisition dates were derived using Level 3 inputs. The carrying amounts of cash and cash equivalents, tenant accounts receivable, other assets, accounts payable and accrued liabilities, distributions payable and amounts due to affiliates will approximate fair value because of the relatively short-term nature of these instruments. The table below summarizes our fixed rate notes payable at December 31, 2015 and 2014. The estimated fair value of financial instruments is subjective in nature and is dependent on a number of important assumptions, including discount rates and relevant comparable market information associated with each financial instrument. The fair value of the fixed rate notes payable was estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. The use of different market assumptions and estimation methodologies may have a material effect on the reported estimated fair value amounts. Accordingly, the estimates presented below are not necessarily indicative of the amounts we would realize in a current market exchange. December 31, 2015 December 31, 2014 Fair Value Carrying Value Fair Value Carrying Value Fixed Rate Secured Debt $ 13,300,000 $ 13,237,237 $ 13,500,000 $ 13,494,871 To comply with GAAP, we incorporate credit valuation adjustments to appropriately reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of derivative contracts for the effect of non-performance risk, we will consider the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts, and guarantees. Noncontrolling Interest in Consolidated Entities We account for the noncontrolling interest in our Operating Partnership in accordance with the related accounting guidance. Due to our control through our general partnership interest in our Operating Partnership and the limited rights of the limited partner, our Operating Partnership, including its wholly-owned subsidiaries, are consolidated with the Company and the limited partner interest is reflected as a noncontrolling interest in the accompanying consolidated balance sheet. The noncontrolling interest shall be attributed its share of income and losses, even if that attribution results in a deficit noncontrolling interest balance. Income Taxes We made an election to be taxed as a Real Estate Investment Trust (“REIT”), under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Code”), commencing with our taxable year ended December 31, 2014. To continue to qualify as a REIT, we must meet certain organizational and operational requirements, including a requirement to distribute at least 90% of the REIT’s ordinary taxable income to stockholders. As a REIT, we generally will not be subject to federal income tax on taxable income that we distribute to our stockholders. If we fail to qualify as a REIT in any taxable year, we will then be subject to federal income taxes on our taxable income at regular corporate rates and will not be permitted to qualify for treatment as a REIT for federal income tax purposes for four years following the year during which qualification is lost unless the IRS grants us relief under certain statutory provisions. Such an event could materially adversely affect our net income and net cash available for distribution to stockholders. However, we believe that we are organized and operate in such a manner as to continue to qualify for treatment as a REIT and intend to operate in the foreseeable future in such a manner that we will remain qualified as a REIT for federal income tax purposes. Even if we continue to qualify for taxation as a REIT, we may be subject to certain state and local taxes on our income and property, and federal income and excise taxes on our undistributed income. We filed elections to treat our TRS as a taxable REIT subsidiary effective January 1, 2014. In general, the TRS performs additional services for our customers and generally engages in any real estate or non-real estate related business. The TRS is subject to corporate federal and state income tax. The TRS follows accounting guidance which requires the use of the asset and liability method. Deferred income taxes represent the tax effect of future differences between the book and tax bases of assets and liabilities. Per Share Data Basic earnings per share attributable to Strategic Storage Trust II, Inc. for all periods presented are computed by dividing net income (loss) attributable to Strategic Storage Trust II, Inc. by the weighted average number of shares outstanding during the period, excluding unvested restricted stock. Diluted earnings per share are computed by dividing net income (loss) attributable to Strategic Storage Trust II, Inc. by the weighted average number of shares outstanding, adjusted for the dilutive effect of unvested restricted stock, utilizing the treasury stock method. For all periods presented the dilutive effective of unrestricted stock was not included in the dilutive weighted average shares as such shares were antidilutive. Recently Issued Accounting Guidance In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09 “Revenue from Contracts with Customers” (“ASU 2014-09”) as Accounting Standards Codification (“ASC”) Topic 606. The objective of ASU 2014-09 is to establish a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will supersede most of the existing revenue recognition guidance, including industry-specific guidance. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In applying the new standard, companies will perform a five-step analysis of transactions to determine when and how revenue is recognized. ASU 2014-09 applies to all contracts with customers except those that are within the scope of other topics in the FASB ASC. In July 2015, the FASB voted to defer the effective date by one year to annual reporting periods (including interim periods within those periods) beginning after December 15, 2017 and early adoption is permitted. This ASU shall still be applied using either a full retrospective or modified retrospective approach. We are in the process of evaluating the impact of this standard on our consolidated financial statements and the impact is unknown at this time. In February 2015, the FASB issued ASU 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis.” ASU 2015-02 changes the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. Specifically, ASU 2015-02 modifies the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities, eliminates the presumption that a general partner should consolidate a limited partnership, and affects the evaluation of fee arrangements in the primary beneficiary determination. ASU 2015-02 is effective for periods beginning after December 15, 2015 and early adoption is permitted. We are in the process of evaluating the impact of this standard on our consolidated financial statements and the impact is unknown at this time. In April 2015, the FASB issued ASU 2015-03, “Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.” ASU 2015-03 requires that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of debt liability, consistent with debt discounts or premiums. Given the absence of authoritative guidance within ASU 2015-03 for debt issuance costs related to line-of-credit arrangements, in August 2015, the FASB issued ASU 2015-15, “Interest – Imputation of Interest (Subtopic 835-30), Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements”, which clarifies ASU No. 2015-03 by stating that the staff of the SEC would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. ASU 2015-03 is effective for periods beginning after December 15, 2015 and early adoption is permitted. We are in the process of evaluating the impact of this standard on our consolidated financial statements and the impact is unknown at this time. In September 2015, the FASB issued ASU 2015-16, “Business Combinations: Simplifying the Accounting for Measurement-Period Adjustments”. The amendments in the update require an acquirer in a business combination to recognize adjustments to estimated amounts identified during the measurement period in the reporting period in which the adjustment amounts are determined. The acquirer must record the effect of the adjustments on earnings as if the accounting had been completed at the acquisition date and the acquirer must disclose in its financial statements the portion of the amounts recorded in each line item of current-period earnings that would have been recorded in previous periods if the adjustments to estimated amounts had been recognized as of the acquisition date. The update is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years, with early adoption permitted for financial statements that have not been issued. We have early adopted this new guidance and the effect on our financial statements is discussed in Note 3. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”, which amends the guidance on accounting for leases. Under ASU 2016-02, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (1) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease; and (2) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under ASU 2016-02, lessor accounting is largely unchanged. It also includes extensive amendments to the disclosure requirements. ASU 2016-02 is effective for fiscal years and interim periods beginning after December 15, 2018. Early adoption is permitted for financial statements that have not yet been made available for issuance. ASU 2016-02 requires a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. We are in the process of evaluating the impact of this standard on our consolidated financial statements and the impact is unknown at this time.

Real Estate Facilities

Real Estate Facilities	12 Months Ended
	Dec. 31, 2015
Real Estate [Abstract]
Real Estate Facilities	Note 3. Real Estate Facilities The following summarizes the activity in real estate facilities during the years ended December 31, 2015 and 2014: Real estate facilities Balance at December 31, 2013 $ — Facility acquisitions 20,857,000 Improvements and additions 880 Balance at December 31, 2014 20,857,880 Facility acquisitions 132,546,249 Finalized purchase price allocations related to 2014 acquisitions 958,000 Improvements and additions 2,156,384 Asset disposals (273,963 ) Balance at December 31, 2015 $ 156,244,550 Accumulated depreciation Balance at December 31, 2013 $ — Depreciation expense (93,433 ) Balance at December 31, 2014 (93,433 ) Depreciation expense (3,936,239 ) Asset disposals 273,963 Balance at December 31, 2015 $ (3,755,709 ) The following table summarizes the purchase price allocation for our acquisitions during the year ended December 31, 2015: Property Acquisition Real Estate Intangibles Total Principal of 2015 (2) 2015 (3) La Verne 1/23/2015 $ 3,986,875 $ 180,000 $ 4,166,875 $ 2,370,000 $ 705,564 444,668 Chico 1/23/2015 1,736,875 90,000 1,826,875 1,230,000 553,611 313,050 Riverside 1/23/2015 2,696,875 110,000 2,806,875 1,740,000 862,574 482,506 Fairfield 1/23/2015 3,676,875 250,000 3,926,875 2,250,000 621,060 366,104 Littleton 1/23/2015 4,136,875 210,000 4,346,875 2,310,000 568,008 354,357 Crestwood 1/23/2015 2,346,875 140,000 2,486,875 1,650,000 489,340 246,268 Forestville 1/23/2015 6,286,875 410,000 6,696,875 3,870,000 1,033,216 716,896 Upland 1/29/2015 5,966,875 310,000 6,276,875 3,540,000 310,001 134,707 Lancaster 1/29/2015 1,716,875 90,000 1,806,875 1,140,000 411,394 174,715 Santa Rosa 1/29/2015 9,866,875 600,000 10,466,875 5,760,000 475,487 258,042 Vallejo 1/29/2015 4,936,875 350,000 5,286,875 3,360,000 511,791 293,887 Federal Heights 1/29/2015 4,446,875 300,000 4,746,875 2,550,000 557,445 348,501 Santa Ana 2/5/2015 8,896,875 380,000 9,276,875 4,350,000 1,149,866 714,694 La Habra 2/5/2015 4,416,875 190,000 4,606,875 2,340,000 667,218 428,452 Monterey Park 2/5/2015 4,236,875 190,000 4,426,875 2,340,000 482,731 251,907 Huntington Beach 2/5/2015 10,316,875 560,000 10,876,875 5,760,000 841,183 550,143 Lompoc 2/5/2015 3,746,875 290,000 4,036,875 2,460,000 508,933 248,116 Aurora 2/5/2015 6,716,875 620,000 7,336,875 4,140,000 503,657 281,333 Everett 2/5/2015 4,966,875 230,000 5,196,875 2,190,000 476,990 196,759 Whittier 2/19/2015 5,646,875 270,000 5,916,875 3,330,000 623,323 333,470 Bloomingdale 2/19/2015 4,666,874 330,000 4,996,874 2,520,000 323,982 160,580 Warren I 5/8/2015 3,196,875 240,000 3,436,875 1,620,000 328,826 187,575 Warren II 5/8/2015 3,306,875 330,000 3,636,875 2,040,000 480,171 311,680 Troy 5/8/2015 4,416,875 400,000 4,816,875 2,880,000 343,136 190,639 Sterling Heights 5/21/2015 3,536,875 320,000 3,856,875 2,190,000 251,168 114,146 Beverly 5/28/2015 2,096,875 80,000 2,176,875 1,365,000 451,703 229,891 Foley (1) 9/11/2015 7,615,000 350,000 7,965,000 — 290,184 171,265 Tampa (1) 11/3/2015 2,962,500 200,000 3,162,500 — 61,468 14,446 2015 Total $ 132,546,249 $ 8,020,000 $ 140,566,249 $ 71,295,000 $ 14,884,030 $ 8,518,797 (1) The allocations noted above are based on a preliminary determination of the fair value of the total consideration provided. Such valuations may change as we complete our purchase price accounting. (2) The operating results of the facilities acquired above have been included in our statement of operations since their respective acquisition date. (3) Property operating income excludes corporate general and administrative expenses, asset management fees, interest expense, depreciation, amortization, and acquisition expenses. Certain purchase price allocations included above are preliminary and therefore, subject to change upon the completion of our analysis of appraisals and other information related to the acquisitions. We anticipate finalizing the purchase price allocations within one year of their acquisition date, as further evaluations are completed and additional information is received from third parties. The following table summarizes our purchase price allocation for our acquisitions during the year ended December 31, 2014: Property Acquisition Real Estate Intangibles Total Principal of Allocation 2014 (1) 2014 (2) Morrisville 11/03/2014 $ 1,968,000 $ 250,000 $ 2,218,000 $ 1,216,000 $ 88,000 $ 57,533 $ 29,825 Cary 11/03/2014 4,377,500 380,000 4,757,500 2,610,000 187,500 85,820 56,170 Raleigh 11/03/2014 3,670,500 410,000 4,080,500 2,238,000 160,500 76,672 42,563 Myrtle Beach I 11/03/2014 5,584,000 600,000 6,184,000 3,392,000 244,000 132,962 89,847 Myrtle Beach II 11/03/2014 5,257,000 510,000 5,767,000 3,163,000 227,000 112,358 72,799 Finalized Purchase Price Allocations 958,000 (958,000 ) — — — — — 2014 Total $ 21,815,000 $ 1,192,000 $ 23,007,000 $ 12,619,000 $ 907,000 $ 465,345 $ 291,204 (1) The operating results of the facilities acquired above have been included in our statement of operations since their respective acquisition date. (2) Property operating income excludes corporate general and administrative expenses, asset management fees, interest expense, depreciation, amortization, and acquisition expenses. We incurred acquisition fees to our Advisor related to the above properties of approximately $2.5 million and $0.4 million for the years ended December 31, 2015 and 2014, respectively. During 2015 we completed the purchase price allocations for our five properties acquired in 2014 and recognized the adjustments during the fourth quarter measurement period in 2015. These adjustments had the aggregate impact of increasing our allocation to land by approximately $1.2 million and site improvements by approximately $140,000, with reductions to buildings and intangible assets of approximately $380,000 and $960,000 respectively. The impact of such reclassifications was that we recognized measurement period adjustments during the fourth quarter of 2015 to our consolidated statement of operations, which had the net impact of an increase to depreciation expense of approximately $2,000 and a decrease to intangible amortization expense of approximately $180,000. We also completed the purchase accounting for the properties acquired during the first and second quarters of 2015 and recognized adjustments during the fourth quarter measurement period, which had the aggregate impact of increasing our allocation to land by approximately $1.2 million, building by approximately $4.2 million, and site improvements by approximately $0.7 million, with reductions to intangible assets of approximately $6.1 million. The impact of such reclassifications was that we recognized measurement period adjustments during the fourth quarter of 2015 to our consolidated statement of operations, which had the net impact of an increase to depreciation expense of approximately $130,000 and a decrease to intangible amortization expense of approximately $450,000.

Secured Debt

Secured Debt	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Secured Debt	Note 4. Secured Debt Raleigh/Myrtle Beach Loan In connection with the acquisition of the five properties in 2014 (collectively, the “Raleigh/Myrtle Beach Portfolio”), we, through five special purpose entities formed to acquire and hold the properties comprising the Raleigh/Myrtle Beach Portfolio (collectively, the “Raleigh/Myrtle Beach Borrowing Entities”), assumed a secured promissory note with C-III Commercial Mortgage LLC (“C-III”) dated August 30, 2013, in the amount of approximately $12,600,000 (the “Raleigh/Myrtle Beach Promissory Note”). The Raleigh/Myrtle Beach Promissory Note matures in September 2023 and carries a fixed interest rate of 5.73%. The Raleigh/Myrtle Beach Promissory Note has a prepayment lockout for the first two years of the note. After September 2015, we may defease the Raleigh/Myrtle Beach Promissory Note upon the occurrence of certain conditions. The Raleigh/Myrtle Beach Promissory Note is secured by deeds of trust on our interest in three of the properties in the Raleigh/Myrtle Beach Portfolio, a mortgage on our interest in the other two properties comprising the Raleigh/Myrtle Beach Portfolio and certain of the assets of the Raleigh/Myrtle Beach Borrowing Entities. In addition, we and SmartStop executed a guaranty in favor of C-III guaranteeing the payment of the Raleigh/Myrtle Beach Promissory Note (the “Raleigh/Myrtle Beach Guaranty”). The obligations of SmartStop under the Raleigh/Myrtle Beach Guarantee were assumed by a subsidiary of Extra Space in the Merger. The Raleigh/Myrtle Beach Guaranty requires that we and the Extra Space subsidiary, collectively, maintain a net worth of at least $6.0 million and an aggregate liquidity of at least $2.0 million, exclusive of the interest in the Raleigh/Myrtle Beach Portfolio, and provides that the Extra Space subsidiary may be released from the Raleigh/Myrtle Beach Guarantee if we alone meet certain conditions, including net worth and liquidity requirements. As of December 31, 2015 we alone meet such requirements and conditions and have submitted a request to the lender to release the Extra Space subsidiary from the Raleigh/Myrtle Beach Guarantee. Amended KeyBank Credit Facility On December 22, 2015, we, through our Operating Partnership, and certain affiliated entities, entered into an amended and restated revolving credit facility (the “Amended KeyBank Credit Facility”) with KeyBank, as administrative agent and KeyBanc Capital Markets, LLC, as the sole book runner and sole lead arranger, and Texas Capital Bank, N.A., and Comerica Bank as co-lenders. The Amended KeyBank Credit Facility replaced our term credit facility with KeyBank in which we had a maximum borrowing capacity of approximately $71.3 million. Under the terms of the Amended KeyBank Credit Facility, we have a maximum borrowing capacity of $105 million. It is anticipated that the Amended KeyBank Credit Facility will be used to fund our future self storage property acquisitions. The Amended KeyBank Credit Facility may be increased by up to an additional $395 million, to a maximum credit facility size of $500 million, in minimum increments of $10 million, which KeyBank will arrange on a best efforts basis. Subsequent to December 31, 2015 we increased our maximum borrowing capacity to $145 million (see Note 11). The Amended KeyBank Credit Facility is a revolving loan with an initial term of three years, maturing on December 22, 2018, with two one-year extension options subject to certain conditions outlined further in the credit agreement for the Amended KeyBank Credit Facility (the “Amended Credit Agreement”). Payments due pursuant to the Amended KeyBank Credit Facility are interest-only for the first 36 months and a 30-year amortization schedule thereafter. The Amended KeyBank Credit Facility bears interest based on the type of borrowing. The ABR Loans bear interest at the lesser of (x) the Alternate Base Rate (as defined in the Amended Credit Agreement) plus the Applicable Rate, or (y) the Maximum Rate (as defined in the Amended Credit Agreement). The Eurodollar Loans bear interest at the lesser of (a) the Adjusted LIBO Rate (as defined in the Amended Credit Agreement) for the Interest Period in effect plus the Applicable Rate, or (b) the Maximum Rate (as defined in the Amended Credit Agreement). The Applicable Rate corresponds to our total leverage, as specified in the Amended Credit Agreement. For any ABR Loans, the Applicable Rate is 125 basis points if our total leverage is less than 50%, and 150 basis points if our leverage is greater than 50%. For any Eurodollar Loan, the Applicable Rate is 225 basis points if our total leverage is less than 50% and 250 basis points if our total leverage is greater than 50%. The Amended KeyBank Credit Facility is fully recourse and is secured by cross-collateralized first mortgage liens on 28 Mortgaged Properties (as defined in the Amended Credit Agreement). The Amended KeyBank Credit Facility may be prepaid or terminated at any time without penalty, provided, however, that the Lenders (as defined in the Amended Credit Agreement) shall be indemnified for any breakage costs. Pursuant to that certain guaranty (the “KeyBank Guaranty”), dated December 22, 2015, in favor of the Lenders, we serve as a guarantor of all obligations due under the Amended KeyBank Credit Facility. Under certain conditions, the Borrower may cause the release of one or more of the properties serving as collateral for the Amended KeyBank Credit Facility, provided that no default or event of default is then outstanding or would reasonably occur as a result of such release, and after taking into account any prepayment of outstanding Loans (as defined in the Amended Credit Agreement) necessary to maintain compliance with the financial covenants. The Amended KeyBank Credit Facility contains a number of other customary terms and covenants, including the following (capitalized terms are as defined in the Amended Credit Agreement): the aggregate borrowing base availability under the Amended KeyBank Facility is limited to the lesser of: (1) 60% of the Pool Value of the properties in the collateral pool, or (2) an amount that would provide a minimum Debt Service Coverage Ratio of no less than 1.35 to 1.0; and we must meet the following financial tests, calculated as of the close of each fiscal quarter: (1) a Total Leverage Ratio of no more than 60%; (2) a Tangible Net Worth not at any time to be less than the Base Amount plus 80% of Net Equity Proceeds received after the Effective Date; (3) an Interest Coverage Ratio of no less than 1.85 to 1.0; (4) a Fixed Charge Ratio of no less than 1.6 to 1.0; (5) a ratio of varying rate Indebtedness to total Indebtedness not in excess of 30%; (6) a Loan to Value Ratio of not greater than 60%; and (7) a Debt Service Coverage Ratio of not less than 1.35 to 1.0. Additionally, on May 21, 2015, our Operating Partnership purchased an interest rate cap with a notional amount of $50 million, such that in no event will our interest rate exceed 5.25% thereon through June 1, 2016. As of December 31, 2015, we had an outstanding principal balance of $10.0 million on the Amended KeyBank Credit Facility. The following table presents the future principal payment requirements on outstanding secured debt as of December 31, 2015: 2016 $ 174,449 2017 186,921 2018 10,198,075 2019 209,893 2020 220,483 2021 and thereafter 11,448,020 Total payments 22,437,841 Unamortized fair value adjustment 799,396 Total $ 23,237,237

Preferred Equity

Preferred Equity	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Preferred Equity	Note 5. Preferred Equity Issuance of Preferred Units by our Operating Partnership On November 3, 2014, we and our Operating Partnership entered into a Series A Cumulative Redeemable Preferred Unit Purchase Agreement (the “Unit Purchase Agreement”) with SSTI Preferred Investor, LLC (the “Preferred Investor”), a wholly-owned subsidiary of SmartStop Self Storage Operating Partnership, L.P. through September 30, 2015, and a subsidiary of Extra Space effective October 1, 2015 as a result of the Merger. Pursuant to the Unit Purchase Agreement, the Preferred Investor agreed to provide up to $65 million through a preferred equity investment in our Operating Partnership (the “Preferred Equity Investment”), to be used solely for investments in self storage properties, as described in the underlying documents, in exchange for up to 2.6 million preferred units of limited partnership interest of our Operating Partnership (the “Preferred Units”), each having a liquidation preference of $25.00 per Preferred Unit (the “Liquidation Amount”), plus all of accumulated and unpaid distributions. In addition to the Unit Purchase Agreement, we and our Operating Partnership entered into a Second Amended and Restated Limited Partnership Agreement of the Operating Partnership (the “Second Amended and Restated Limited Partnership Agreement”) and Amendment No. 1 to the Second Amended and Restated Limited Partnership Agreement (the “Amendment”). The Second Amended and Restated Limited Partnership Agreement authorized the issuance of additional classes of units of limited partnership interest in the Operating Partnership, established a new series of preferred units of limited partnership interest in the Operating Partnership and sets forth other necessary corresponding changes. All other terms of the Second Amended and Restated Limited Partnership Agreement remained substantially the same as the original Limited Partnership Agreement. The Amendment sets forth key terms of the Preferred Units, some of which are discussed below. The Preferred Investor invested a total of approximately $59.5 in our Operating Partnership for approximately 2.4 million Preferred Units. Such Preferred Units were owned by Extra Space subsequent to the Merger. On July 22, 2015, our Operating Partnership redeemed 240,000 Preferred Units for $6 million; on September 23, 2015, our Operating Partnership redeemed 340,000 Preferred Units for $8.5 million; and on October 30, 2015, our Operating Partnership redeemed 1.0 million Preferred Units for $25 million. The Redemption Price for the Preferred Units for the partial redemptions equaled the sum of the Liquidation Amount plus all accumulated and unpaid Current Distributions thereon to the date of redemption. On November 9, 2015, our Operating Partnership redeemed the remaining approximately 800,000 Preferred Units for approximately $22 million resulting in the redemption of all of the Preferred Units. The Redemption Price for the Preferred Units for the redemption of the remaining outstanding Preferred Units equaled the sum of the Liquidation Amount plus all accumulated and unpaid Current Distributions and any accumulated Deferred Distributions thereon to the date of redemption. As of December 31, 2015, there were no Preferred Units outstanding and we no longer have any obligations to the Preferred Investor, including the payment of any distributions. The holders of the Preferred Units received current distributions (the “Current Distributions”) at a rate of a one-month LIBOR plus 6.5% per annum on the Liquidation Amount, payable monthly and calculated on an actual/360 basis. In addition to the Current Distributions, our Operating Partnership had the obligation to elect either (A) to pay the holder of the Preferred Units additional distributions monthly in an amount equal to: (i) 4.35% per annum of the Liquidation Amount through March 31, 2017; and (ii) beginning April 1, 2017, 6.35% per annum of the Liquidation Amount or (B) defer the additional distributions ( the “Deferred Distributions”) in an amount that accumulated monthly in an amount equal to (i) LIBOR plus 10.85% of the Deferred Distributions through March 31, 2017; and (ii) beginning April 1, 2017, LIBOR plus 12.85% of the Deferred Distributions. The Preferred Units could be redeemed by our Operating Partnership, in whole or in part, at the option of our Operating Partnership at any time. The redemption price (the “Redemption Price”) for the Preferred Units was equal to: (i) in the event of a partial redemption, the sum of the Liquidation Amount plus all accumulated and unpaid Current Distributions thereon to the date of redemption; and (ii) in the event of the redemption of all outstanding Preferred Units, the sum of the Liquidation Amount plus all accumulated and unpaid Current Distributions and any accumulated Deferred Distributions thereon to the date of redemption. If fewer than all of the outstanding Preferred Units were to be redeemed at the option of our Operating Partnership, the Preferred Units to be redeemed would be determined pro rata or by lot or in such other manner as determined by us, as the general partner of our Operating Partnership to be fair and equitable to all holders of the Preferred Units. The holder of the Preferred Units could have required our Operating Partnership to repurchase the Preferred Units upon the occurrence of any of the following (each an “Optional Repurchase Event”) and as defined within the Amendment: (A) a breach of any of the Protective Provisions; (B) an Event of Default; (C) a Change of Control that has not been consented to in accordance with the terms of the Amendment; (D) our failure to qualify as a REIT under the Internal Revenue Code; or (E) the occurrence and continuance of a monetary or a material default beyond any applicable cure period under any of the loan documents for each of the properties in our portfolio. The repurchase price for the Preferred Units would have been the Redemption Price.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Note 6. Related Party Transactions Fees to Affiliates Our Advisory Agreement with our Advisor and dealer manager agreement (“Dealer Manager Agreement”) with our Dealer Manager, entitle our Advisor and our Dealer Manager to specified fees upon the provision of certain services with regard to the Offering and investment of funds in real estate properties, among other services, as well as reimbursement for organizational and offering costs incurred by our Advisor on our behalf and reimbursement of certain costs and expenses incurred by our Advisor in providing services to us. Organization and Offering Costs Organization and offering costs of the Offering may be paid by our Advisor on our behalf and will be reimbursed to our Advisor from the proceeds of our Offering. Organization and offering costs consist of all expenses (other than sales commissions and the dealer manager fee) paid by us in connection with the Offering, including our legal, accounting, printing, mailing and filing fees, charges of our escrow holder and other accountable organization and offering expenses, including, but not limited to, (i) amounts to reimburse our Advisor for all marketing related costs and expenses such as salaries and direct expenses of employees of our Advisor and its affiliates in connection with registering and marketing our shares; (ii) technology costs associated with the Offering; (iii) our costs of conducting our training and education meetings; (iv) our costs of attending retail seminars conducted by participating broker-dealers; and (v) payment or reimbursement of bona fide due diligence expenses. Our Advisor must reimburse us within 60 days after the end of the month which the Offering terminates to the extent we paid or reimbursed organization and offering costs (excluding sales commissions and dealer manager fees) in excess of 3.5% of the gross offering proceeds from the Primary Offering. Advisory Agreement We do not have any employees. Our Advisor is primarily responsible for managing our business affairs and carrying out the directives of our board of directors. Our Advisor receives various fees and expenses under the terms of our Advisory Agreement. We are required under our Advisory Agreement to reimburse our Advisor for organization and offering costs; provided, however, our Advisor is required to reimburse us within 60 days after the end of the month in which the Offering terminates to the extent we paid or reimbursed organization and offering costs (excluding sales commissions and dealer manager fees) in excess of 3.5% of the gross offering proceeds from the Primary Offering. Our Advisory Agreement also requires our Advisor to reimburse us to the extent that offering expenses, including sales commissions, dealer manager fees and organization and offering expenses, are in excess of 15% of gross proceeds from the Offering. Our Advisor receives acquisition fees equal to 1.75% of the contract purchase price of each property we acquire plus reimbursement of any acquisition expenses our Advisor incurs. Our Advisor also receives a monthly asset management fee equal to 0.05208%, which is one-twelfth of 0.625%, of our aggregate asset value, as defined. Under our Advisory Agreement, our Advisor receives disposition fees in an amount equal to the lesser of (i) one-half of the competitive real estate commission or (ii) 1% of the contract sale price for each property we sell, as long as our Advisor provides substantial assistance in connection with the sale. The total real estate commissions paid (including the disposition fee paid to our Advisor) may not exceed the lesser of a competitive real estate commission or an amount equal to 6% of the contract sale price of the property. Our Advisor is also entitled to various subordinated distributions pursuant to our Operating Partnership Agreement if we (1) list our shares of common stock on a national exchange, (2) terminate our Advisory Agreement (other than a voluntary termination), (3) liquidate our portfolio, or (4) enter into an Extraordinary Transaction, as defined in the Operating Partnership Agreement. Our Advisory Agreement provides for reimbursement of our Advisor’s direct and indirect costs of providing administrative and management services to us. Beginning four fiscal quarters after we acquire our first real estate asset, our Advisor is required to pay or reimburse us the amount by which our aggregate annual operating expenses, as defined, exceed the greater of 2% of our average invested assets or 25% of our net income, as defined, unless a majority of our independent directors determine that such excess expenses were justified based on unusual and non-recurring factors. For any fiscal quarter for which total operating expenses for the 12 months then ended exceed the limitation, we will disclose this fact in our next quarterly report or within 60 days of the end of that quarter and send a written disclosure of this fact to our stockholders. In each case the disclosure will include an explanation of the factors that the independent directors considered in arriving at the conclusion that the excess expenses were justified. Dealer Manager Agreement Our Dealer Manager receives a sales commission of up to 7.0% of gross proceeds from sales of Class A Shares and up to 2.0% of gross proceeds from the sales of Class T Shares in the Primary Offering and a dealer manager fee up to 3.0% of gross proceeds from sales of both Class A Shares and Class T Shares in the Primary Offering under the terms of the Dealer Manager Agreement. In addition, our Dealer Manager receives an ongoing stockholder servicing fee that is payable monthly and accrues daily in an amount equal to 1/365th of 1% of the purchase price per share of the Class T Shares sold in the Primary Offering. We will cease paying the stockholder servicing fee with respect to the Class T shares sold in the Primary Offering at the earlier of (i) the date we list our shares on a national securities exchange, merge or consolidate with or into another entity, or sell or dispose of all or substantially all of our assets, (ii) the date at which the aggregate underwriting compensation from all sources equals 10% of the gross proceeds from the sale of both Class A shares and Class T shares in our Primary Offering (i.e., excluding proceeds from sales pursuant to our distribution reinvestment plan); (iii) the fifth anniversary of the last day of the fiscal quarter in which our Public Offering (excluding our distribution reinvestment plan offering) terminates; and (iv) the date that such Class T share is redeemed or is no longer outstanding. Our Dealer Manager has entered into participating dealer agreements with certain other broker-dealers which authorizes them to sell our shares. Upon sale of our shares by such broker-dealers, our Dealer Manager re-allows all of the sales commissions and, subject to certain limitations, the stockholder servicing fees paid in connection with sales made by these broker-dealers. Our Dealer Manager may also re-allow to these broker-dealers a portion of their dealer manager fee as marketing fees, reimbursement of certain costs and expenses of attending training and education meetings sponsored by our Dealer Manager, payment of attendance fees required for employees of our Dealer Manager or other affiliates to attend retail seminars and public seminars sponsored by these broker-dealers, or to defray other distribution-related expenses. Our Dealer Manager also receives reimbursement of bona fide due diligence expenses; however, to the extent these due diligence expenses cannot be justified, any excess over actual due diligence expenses will be considered underwriting compensation subject to a 10% FINRA limitation and, when aggregated with all other non-accountable expenses in connection with our Public Offering, may not exceed 3% of gross offering proceeds from sales in the Public Offering. Affiliated Dealer Manager Our Chief Executive Officer and President owned, through a wholly-owned limited liability company, a 15% non-voting equity interest in our Dealer Manager through August 31, 2014. Effective, August 31, 2014, SmartStop indirectly owned the 15% non-voting equity interest in our Dealer Manager, pursuant to the Self Administration and Investment Management Transaction. Effective October 1, 2015, in connection with the Merger, the 15% non-voting equity interest in our Dealer Manager is now owned by our Sponsor. An affiliate of our Dealer Manager continues to own a 2.5% non-voting membership interest in our Advisor. Property Management Agreement Through September 30, 2015, each of our self storage properties was managed by our Property Manager under separate property management agreements. Under each agreement, our Property Manager received a fee for its services in managing our properties, generally equal to the greater of $3,000 or 6% of the gross revenues from the properties plus reimbursement of the Property Manager’s costs of managing the properties. Reimbursable costs and expenses included wages and salaries and other expenses of employees engaged in operating, managing and maintaining our properties. Our Property Manager also received a one-time fee for each property acquired by us that was managed by our Property Manager in the amount of $3,750. In the event that our Property Manager assisted with the development or redevelopment of a property, we paid a separate market-based fee for such services. In addition, our Property Manager was entitled to a construction management fee equal to 5% of the cost of construction or capital improvement work in excess of $10,000 and an administration fee equal to $0.50 a month for each insurance policy purchased by a tenant at one of our properties in connection with the tenant insurance program. Additionally, each agreement included a non-solicitation provision and a provision regarding the Property Manager’s use of trademarks and other intellectual property owned by SmartStop. As of October 1, 2015, each of our self storage properties are subject to separate property management agreements with our Property Manager, which in turn has entered into sub-property management agreements with Extra Space, which provides on-site management of our properties. Such agreements were entered into effective on October 1, 2015. Under the property management agreements, our Property Manager receives a monthly management fee of $2,500 or 6% of the gross revenues, whichever is greater, plus reimbursement of the Property Manager’s costs of managing the properties. Extra Space agreed to pay up to $25,000 for each property managed toward the signage and set-up costs associated with converting each property to the Extra Space brand (the “Set-Up Amount”). The property management agreements have a three year term and automatically renew for successive one year periods thereafter, unless we or our Property Manager provides prior written notice at least 90 days prior to the expiration of the term. We may terminate a property management agreement without cause at any time during the initial three year term if we pay the Property Manager a termination fee equal to the Set-Up Amount, reduced by 1/36th of the Set-Up Amount for every full month of the term. After the end of the initial three year term, we may terminate a property management agreement on 30 days prior written notice without payment of a termination fee. Our Property Manager may terminate a property management agreement on 60 days prior written notice to us. The sub-property management agreements between our Property Manager and Extra Space are substantially the same as the property management agreements between us and our Property Manager. Under the sub-property management agreements, our Property Manager pays Extra Space a monthly management fee of $2,500 or 6% of the gross revenues, whichever is greater, plus reimbursement of Extra Space’s costs of managing the properties; provided, however that no management fee is due and payable to Extra Space for the months of January and July each year during the term. Extra Space has the exclusive right to offer tenant insurance to the tenants and is entitled to all of the benefits of such tenant insurance. The sub-property management agreements also have a three year term and automatically renew for successive one year periods thereafter, unless our Property Manager or Extra Space provides prior written notice at least 90 days prior to the expiration of the term. Our Property Manager may terminate the sub-property management agreement without cause at any time during the initial three year term if it pays Extra Space a termination fee equal to the Set-Up Amount, reduced by 1/36th of the Set-Up Amount for every full month of the term. After the end of the initial three year term, our Property Manager may terminate a sub-property management agreement on 30 days prior written notice without payment of a termination fee. Extra Space may terminate a property management agreement on 60 days prior written notice to our Property Manager. In addition, we entered into an agreement with Extra Space and our Property Manager in which we agreed that, subject to certain limitations, our Property Manager will retain Extra Space as sub-property manager for all self storage properties we acquire in the United States that will be managed by our Property Manager. Pursuant to the terms of the agreements described above, the following table summarizes related party costs incurred and paid by us for the years ended December 31, 2015 and 2014, and any related amounts payable as of December 31, 2015 and 2014 (there were no related party costs during the period from January 8, 2013 (date of inception) through December 31, 2013): Year Ended December 31, 2014 Year Ended December 31, 2015 Incurred Paid Payable Incurred Paid Payable Expensed Operating expenses (including organizational costs) $ 862,827 $ 26,326 $ 836,501 $ 1,200,003 $ 1,988,533 $ 47,971 Asset management fees 22,254 — 22,254 865,757 888,011 — Property management fees (1) 47,287 — 47,287 1,259,135 1,306,422 — Acquisition expenses 1,089,783 386,750 703,033 2,776,679 3,479,712 — Capitalized Debt issuance costs 441,873 — 441,873 214,006 655,879 — Other assets 461,492 — 461,492 77,556 539,048 — Additional Paid-in Capital Selling commissions 1,201,157 1,201,157 — 14,761,271 14,761,271 — Dealer Manager fee 514,781 508,902 5,879 3,690,318 3,535,685 160,512 Offering costs 1,805,916 — 1,805,916 319,882 2,125,798 — Total $ 6,447,370 $ 2,123,135 $ 4,324,235 $ 25,164,607 $ 29,280,359 $ 208,483 (1) During the year ended December 31, 2015, property management fees included approximately $0.3 million of fees paid to the sub-property manager of our properties. Tenant Insurance Program Prior to the closing of the Merger on October 1, 2015, SmartStop participated in a tenant reinsurance program whereby customers of our self storage facilities were able to purchase insurance to cover damage or destruction to their property while stored at our facilities. SmartStop invested in a Cayman Islands company (the “Reinsurance Company”) that insured a portion of the insurance required by the program insurer to cover the risks of loss at participating facilities in the program. The program insurer provided fees (approximately 50% of the tenant premium paid) to us as owner of the facilities. The Reinsurance Company was required to fund additional capital or entitled to receive distributions of profits depending on actual losses incurred under the program. Commensurate with the effective date of the Self Administration and Investment Management Transaction of August 31, 2014, SmartStop acquired its interest in the Reinsurance Company from our Chief Executive Officer and President. For the years ended December 31, 2015 and 2014, we recorded revenue of approximately $260,000 and approximately $12,000, respectively, from the program insurer. Effective October 1, 2015, Extra Space was entitled to all tenant insurance revenues for properties located in the United States and we will no longer receive any such tenant insurance revenues. Extra Space Self Storage In connection with the merger of SmartStop into Extra Space, certain of our executive officers, including H. Michael Schwartz, Paula Mathews, Michael McClure and James Berg, received units of limited partnership interest in Extra Space Storage LP, the operating partnership for Extra Space, in exchange for units of limited partnership of SmartStop Self Storage Operating Partnership, L.P., the operating partnership for SmartStop, owned by such executives.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 7. Commitments and Contingencies Distribution Reinvestment Plan We have adopted an amended and restated distribution reinvestment plan that allows both our Class A and Class T stockholders to have distributions otherwise distributable to them invested in additional shares of our Class A and Class T Shares, respectively. The purchase price per share is 95% of the current offering price of our shares in the Primary Offering. No sales commission or dealer manager fee will be paid on shares sold through the distribution reinvestment plan. We may amend or terminate the distribution reinvestment plan for any reason at any time upon 10 days’ prior written notice to stockholders. As of December 31, 2015, we had sold approximately 132,000 shares through our distribution reinvestment plan offering for Class A Shares and 64 shares for our Class T Shares. Share Redemption Program We adopted a share redemption program that enables stockholders to sell their shares to us in limited circumstances. As long as our common stock is not listed on a national securities exchange or over-the-counter market, our stockholders who have held their stock for at least one year may be able to have all or any portion of their shares of stock redeemed by us. We may redeem the shares of stock presented for redemption for cash to the extent that we have sufficient funds available to fund such redemption. Our board of directors may amend, suspend or terminate the share redemption program with 30 days’ notice to our stockholders. We may provide this notice by including such information in a Current Report on Form 8-K or in our annual or quarterly reports, all publicly filed with the SEC, or by a separate mailing to our stockholders. The complete terms of our share redemption program are described in our prospectus. The amount that we may pay to redeem stock for redemptions is the redemption price set forth in the following table which is based upon the number of years the stock is held: Number Years Held Redemption Price Less than 1 No Redemption Allowed 1 or more but less than 3 90.0% of Redemption Amount 3 or more but less than 4 95.0% of Redemption Amount 4 or more 100.0% of Redemption Amount At any time we are engaged in an offering of shares, the Redemption Amount for shares purchased under our share redemption program will always be equal to or lower than the applicable per share offering price. As long as we are engaged in an offering, the Redemption Amount shall be the lesser of the amount the stockholder paid for their shares or the price per share in the current Offering. If we are no longer engaged in an offering, the per share Redemption Amount will be determined by our board of directors. Our board of directors will announce any redemption price adjustment and the time period of its effectiveness as a part of its regular communications with our stockholders. At any time the redemption price during an offering is determined by any method other than the offering price, if we have sold property and have made one or more special distributions to our stockholders of all or a portion of the net proceeds from such sales, the per share redemption price will be reduced by the net sale proceeds per share distributed to investors prior to the redemption date as a result of the sale of such property in the special distribution. Our board of directors will, in its sole discretion, determine which distributions, if any, constitute a special distribution. While our board of directors does not have specific criteria for determining a special distribution, we expect that a special distribution will only occur upon the sale of a property and the subsequent distribution of the net sale proceeds. There are several limitations on our ability to redeem shares under the share redemption program including, but not limited to: • Unless the shares are being redeemed in connection with a stockholder’s death, “qualifying disability” (as defined under the share redemption program) or bankruptcy, we may not redeem shares until the stockholder has held his or her shares for one year. • During any calendar year, we will not redeem in excess of 5% of the weighted-average number of shares outstanding during the prior calendar year. • The cash available for redemption is limited to the proceeds from the sale of shares pursuant to our distribution reinvestment plan. • We have no obligation to redeem shares if the redemption would violate the restrictions on distributions under Maryland law, which prohibits distributions that would cause a corporation to fail to meet statutory tests of solvency. For the year ended December 31, 2015, we received two redemption requests, one for approximately 1,750 shares which was fulfilled in July 2015, and another for approximately 1,095 shares which was fulfilled in January 2016. For the year ended December 31, 2014, we did not receive any requests for redemptions. Operating Partnership Redemption Rights The limited partners of our Operating Partnership have the right to cause our Operating Partnership to redeem their limited partnership units for cash equal to the value of an equivalent number of our shares, or, at our option, we may purchase their limited partnership units by issuing one share of our common stock for each limited partnership unit redeemed. These rights may not be exercised under certain circumstances that could cause us to lose our REIT election. Furthermore, limited partners may exercise their redemption rights only after their limited partnership units have been outstanding for one year. Our Advisor is prohibited from exchanging or otherwise transferring its limited partnership units so long as our Advisor is acting as our advisor under the Advisory Agreement. Other Contingencies From time to time, we are party to legal proceedings that arise in the ordinary course of our business. We are not aware of any legal proceedings of which the outcome is reasonably likely to have a material adverse effect on our results of operations or financial condition, nor are we aware of any such legal proceedings contemplated by governmental authorities.

Declaration of Distributions

Declaration of Distributions	12 Months Ended
	Dec. 31, 2015
Text Block [Abstract]
Declaration of Distributions	Note 8. Declaration of Distributions On December 3, 2015, our board of directors declared a distribution rate for the first quarter of 2016 of $0.00163934426 per day per share on the outstanding shares of common stock payable to both Class A and Class T stockholders of record of such shares as shown on our books at the close of business on each day during the period, commencing on January 1, 2016 and continuing on each day thereafter through and including March 31, 2016. Such distributions payable to each stockholder of record during a month will be paid on such date of the following month as our Chief Executive Officer may determine.

Pro Forma Financial Information

Pro Forma Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2015
Text Block [Abstract]
Pro Forma Financial Information (Unaudited)	Note 9. Pro Forma Financial Information (Unaudited) The table set forth below summarizes on an unaudited pro forma basis the combined results of operations of the Company for the years ended December 31, 2015 and 2014 as if the Company’s acquisitions discussed in Note 3 were completed as of January 1, 2014. This pro forma information does not purport to represent what the actual results of operations of the Company would have been for the periods indicated, nor do they purport to predict the results of operations for future periods. Year Ended Year Ended Pro forma revenue $ 21,017,312 $ 19,674,346 Pro forma operating expenses $ 19,783,189 $ 21,687,080 Pro forma net loss attributable to common stockholders $ (9,194,927 ) $ (13,171,002 ) The pro forma financial information for the years ended December 31, 2015 and 2014 were adjusted to exclude approximately $3.4 million and $1.3 million, respectively, for acquisition related expenses.

Selected Quarterly Data

Selected Quarterly Data	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Data	Note 10. Selected Quarterly Data (Unaudited) The following is a summary of quarterly financial information for the years ended December 31, 2015 and 2014 (there were no operations during the period from January 8, 2013 (date of inception) through December 31, 2013): Three months ended March 31, 2015 June 30, 2015 September 30, 2015 December 31, 2015 (1) Total revenues $ 3,006,780 $ 4,488,212 $ 5,053,724 $ 5,356,983 Total operating expenses $ 5,925,633 $ 5,613,146 $ 5,989,195 $ 5,454,605 Operating loss $ (2,918,853 ) $ (1,124,934 ) $ (935,471 ) $ (97,622 ) Net loss $ (3,580,205 ) $ (1,990,815 ) $ (1,854,575 ) $ (1,511,945 ) Net loss attributable to the Company $ (4,979,729 ) $ (4,037,637 ) $ (3,739,454 ) $ (2,534,121 ) Net loss per Class A Share-basic and diluted $ (2.26 ) $ (1.36 ) $ (0.82 ) $ (0.18 ) Net loss per Class T Share-basic and diluted $ — $ — $ — $ (0.18 ) Three months ended March 31, 2014 June 30, 2014 September 30, 2014 December 31, 2014 Total revenues $ — $ — $ — $ 465,345 Total operating expenses $ — $ 866,991 $ 498,335 $ 1,356,884 Operating loss $ — $ (866,991 ) $ (498,335 ) $ (891,539 ) Net loss $ — $ (866,991 ) $ (498,335 ) $ (996,259 ) Net loss attributable to the Company $ — $ (789,137 ) $ (482,603 ) $ (1,124,645 ) Net loss per Class A Share-basic and diluted $ — $ (7.90 ) $ (0.77 ) $ (0.84 ) Net loss per Class T Share-basic and diluted $ — $ — $ — $ — (1) Includes a net decrease of approximately $500,000 of depreciation and amortization expense related to the finalization of purchase price allocations. As discussed in Note 3, during 2015 we completed the purchase price allocations for our five properties acquired in 2014 and 26 properties acquired in 2015 and recognized the cumulative measurement period adjustments in our consolidated statement of operations during the fourth quarter of 2015. If such measurement period adjustments were retroactively recorded they would have had the net impact of increasing depreciation by approximately none, $25,000, $50,000, and $60,000 and decreasing intangible amortization expense by approximately $30,000, $160,000, $220,000, and $230,000, respectively related to the fourth quarter of 2014 and the first, second and third quarters of 2015. However, as discussed in Note 2 we early adopted new amended accounting guidance and the cumulative measurement period adjustments were recorded in the fourth quarter.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	Note 11. Subsequent Events Dividend Declaration On March 22, 2016, our board of directors declared distributions in the amount of $0.00163934426 per day per share (equivalent to an annualized distribution rate of 6.00% assuming the Class A share was purchased for $10.00, and an annualized distribution rate of 6.34% assuming the Class T share was purchased for $9.47) on the outstanding shares of common stock payable to both Class A and Class T stockholders of record at the close of business on each day during the period from April 1, 2016 through June 30, 2016. Such distributions payable to each stockholder of record during a month will be paid on such date of the following month as our Chief Executive Officer may determine. Acquisitions Acquisition of Boynton Beach Property On January 7, 2016, we purchased a self storage facility located in Boynton Beach, Florida (the “Boynton Beach Property”). We acquired the Boynton Beach Property from an unaffiliated third party for a purchase price of approximately $17.9 million, plus closing costs and acquisition fees. Our Advisor earned approximately $0.3 million in acquisition fees in connection with this acquisition. We financed the acquisition of the Boynton Beach Property with net proceeds from our Offering. Acquisition of Lancaster Property On January 11, 2016, we purchased a self storage facility located in Lancaster, California (the “Lancaster Property”). We acquired the Lancaster Property from an unaffiliated third party for a purchase price of approximately $4.7 million, plus closing costs and acquisition fees. Our Advisor earned approximately $80,000 in acquisition fees in connection with the acquisition. We financed the acquisition of the Lancaster Property with net proceeds from our Offering. Acquisition of Toronto Portfolio On February 11, 2016, we purchased three self storage facilities located in the Burlington, Milton and Oakville areas of Toronto, Canada (the “Toronto Portfolio”). We acquired the Toronto Portfolio from an unaffiliated third party for a U.S. dollar equivalent purchase price of approximately $38.2 million, plus closing costs and acquisition fees. Our Advisor earned approximately $670,000 in acquisition fees in connection with this acquisition. We financed the acquisition of the Toronto Portfolio with a combination of net proceeds from our Offering, assumptions of existing mortgages and a new loan. Since the Toronto Portfolio is located in Canada, our Property Manager will manage the Toronto Portfolio and such properties will be branded using the SmartStop ® In connection with the acquisition of the Toronto Portfolio, we, through two special purpose entities formed to acquire and hold two of the properties, assumed two secured loans with Wells Fargo Bank (“Wells Fargo”). We assumed a loan dated June 10, 2014 with Wells Fargo in the U.S. dollar equivalent principal amount of approximately $6.9 million (the “Burlington Loan”) at closing that is secured by the property located in Burlington (the “Burlington Property”). The Burlington Loan accrues interest at a fixed rate of 6.05% annually on approximately $4.7 million of principal amount and a floating rate equal to the three-month CDOR Rate (as defined in the loan agreement) plus 4.05% annually on approximately $2.2 million of principal amount. The Burlington Loan matures on October 15, 2018. The Burlington Loan is secured by a first mortgage on the Burlington Property. In addition, we executed a guaranty in favor of Wells Fargo guaranteeing 50% of the Burlington Loan amount. We also assumed a loan dated October 15, 2013 with Wells Fargo in the U.S. dollar equivalent principal amount of approximately $4.8 million (the “Milton Loan”) at closing that is secured by the property located in Milton (the “Milton Property”). The Milton Loan matures on October 15, 2018 and carries a fixed interest rate of 5.81%. The Milton Loan is secured by a first mortgage on the Milton Property. In addition, we executed a guaranty in favor of Wells Fargo guaranteeing 50% of the Milton Loan amount. In connection with the closing of the property located in Oakville (the “Oakville Property”), a special purpose entity formed to acquire and hold the Oakville Property entered into a new loan with the Bank of Montreal (“BMO”) in an amount up to approximately the U.S. dollar equivalent of $10.8 million (the “Oakville Loan”) with respect to which interest accrues at the BMO’s prime rate plus 1.75% per annum. At closing, approximately $7.1 million was outstanding on the Oakville Loan. The balance of approximately $3.7 million will be used in connection with future construction of a retail component at the Oakville Property. The Oakville Loan matures on December 31, 2017. In addition, we provided a guaranty in connection with the Oakville Loan in the U.S. dollar equivalent amount of $7.2 million. Acquisition of Appleby Portfolio On February 29, 2016, we purchased two self storage facilities located in the Burlington and Oakville areas of Toronto, Canada (the “Appleby Portfolio”). We acquired the Appleby Portfolio from an unaffiliated third party for a U.S. dollar equivalent purchase price of approximately $21.4 million, plus closing costs and acquisition fees. Our Advisor earned approximately $370,000 in acquisition fees in connection with this acquisition. We financed the acquisition of the Appleby Portfolio with a combination of net proceeds from our Offering and new debt. In connection with the Appleby Portfolio, we, through four property holding special purpose entities, entered into a loan agreement with Fifth Third Bank (the “Fifth Third Loan”). The loan agreement (the “Fifth Third Loan Agreement”) provides for a non-revolving loan in the U.S. dollar equivalent principal amount of $12.4 million (the “Loan Amount”). The Loan Amount incurs interest at a rate equal to CDOR on such day plus 2.50% per annum. Principal and interest payments must be made monthly. The Fifth Third Loan may be prepaid at any time as long as we provide 30 days prior written notice. The Fifth Third Loan is secured by the Appleby Portfolio properties and matures on February 28, 2021. Pursuant to the Fifth Third Loan Agreement, we must maintain a debt service coverage ratio of no less than the following: (a) prior to March 31, 2018, 1.25 to 1.00; and (b) thereafter, 1.30 to 1.00. We must also maintain a tangible net worth of at least $50 million. In addition, we executed a guaranty in favor of Fifth Third Bank guaranteeing 20% of the Loan Amount. Potential Acquisitions Potential Acquisition of Seven Properties On February 4, 2016, one of our subsidiaries executed a purchase and sale agreement with certain subsidiaries of Extra Space (the “Seven Property Purchase Agreement”) for the acquisition of seven self storage facilities, five of which are located in Ohio and two of which are located in Indiana (the “Seven Properties”). The purchase price for the Seven Properties is approximately $18 million, plus closing costs and acquisition fees. We expect to close on the acquisition of the Seven Properties in the second quarter of 2016 and to fund such acquisition with net proceeds from our Offering. Potential Acquisition of Sacramento Property On March 2, 2016, one of our subsidiaries executed a purchase and sale agreement with an unaffiliated third party (the “Sacramento Purchase Agreement”) for the acquisition of a self storage facility located in Sacramento, California (the “Sacramento Property”). The purchase price for the Sacramento Property is approximately $8.2 million, plus closing costs and acquisition fees. We expect to close on the acquisition of the Sacrament Property in the second quarter of 2016 and to fund such acquisition with net proceeds from our Offering. Potential Acquisition of Port St. Lucie Property On March 9, 2016, one of our subsidiaries executed a purchase and sale agreement (the “Port St. Lucie Purchase Agreement”) with an unaffiliated third party for the acquisition of a self storage facility located in Port St. Lucie, Florida (the “Port St. Lucie Property”). The purchase price for the Port St. Lucie Property is approximately $9.8 million, plus closing costs and acquisition fees. We expect to close on the acquisition of the Port St. Lucie Property in the second quarter of 2016 and to fund such acquisition with net proceeds from our public offering. Potential Acquisition of Oakland Portfolio On March 25, 2016, one of our subsidiaries executed a purchase and sale agreement with an unaffiliated third party (the “Oakland Purchase Agreement”) for the acquisition of two self storage facilities located in Oakland, California (the “Oakland Properties”). The purchase price for the Oakland Properties is approximately $50 million, plus closing costs and acquisition fees. We expect to close on the acquisition of the Oakland Properties in the second or third quarter of 2016 and to fund such acquisition with net proceeds from our Offering and an assumption of an existing mortgage. Potential Acquisition of 27 Property Portfolio On March 25, 2016, one of our subsidiaries executed purchase and sale agreements with unaffiliated third parties (the “27 Property Purchase Agreement”) for the acquisition of 22 self storage facilities (10 in Florida, 11 in North Carolina, and one in Maryland), four parcels of land adjacent to the North Carolina properties and one redevelopment property in North Carolina (the “27 Property Portfolio”). The purchase price for the 27 Property Portfolio is approximately $371 million, plus closing costs and acquisition fees. We expect to close on the acquisition of the 27 Property Portfolio in the second and or third quarters of 2016 and to fund such acquisition with net proceeds from our Offering, a drawdown on our existing credit facility, an assumption of an existing mortgage, and other potential debt financing. Update to the KeyBank Credit Facility On February 18, 2016, we, through our Operating Partnership, and certain affiliated entities, entered into a first amendment and joinder to amended and restated credit agreement (the “First Amendment”) with KeyBank National Association, as administrative agent (“KeyBank”). Under the terms of the First Amendment, we added an additional $40 million to our maximum borrowing capacity for a total of $145 million with the admission of US Bank National Association (the “Subsequent Lender”). It is anticipated that the additional borrowing capacity will be used to fund our future self storage property acquisitions. The Subsequent Lender also became a party to the Amended KeyBank Facility through a joinder agreement in the First Amendment. As of March 29, 2016, there was no outstanding principal balance under the Amended KeyBank Facility. Forward Contract to Hedge Exposure to Foreign Currency Rate Fluctuations On March 8, 2016 we entered into a foreign currency forward contract (the “Forward Contract”) in order to hedge foreign currency exposure related to our investment in subsidiaries that hold properties we recently acquired in Canada. A foreign currency forward contract is a commitment to deliver a certain amount of currency at a certain price on a specific date in the future. By entering into the Forward Contract and holding it to maturity, we are locked into a future currency exchange rate in an amount equal to and for the term of the Forward Contract. The Forward Contract has a notional amount of $42.5 million CAD, a duration of 12 months, and a forward rate of approximately 1.339. Offering Status As of March 21, 2016, in connection with our Primary Offering we have issued approximately 29.4 million Class A shares of our common stock and approximately 1.5 million Class T shares of our common stock for gross proceeds of approximately $292.6 million and approximately $14.6 million, respectively.

Schedule III Real Estate and Ac

Schedule III Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2015
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III Real Estate and Accumulated Depreciation	STRATEGIC STORAGE TRUST II, INC. AND SUBSIDIARIES SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION December 31, 2015 Initial Cost to Company Gross Carrying Amount at December 31, 2015 Description ST Encumbrance Land Building and Total Net Land Building and (1) Accumulated Date of Date Morrisville NC $ 1,198,757 $ 531,000 $ 1,891,000 $ 2,422,000 $ 88,983 $ 531,000 $ 1,979,983 $ 2,510,983 $ 83,708 2004 11/3/2014 Cary NC 2,571,986 1,064,000 3,301,000 4,365,000 46,214 1,064,000 3,347,214 4,411,214 141,441 1998/2005/ 2006 11/3/2014 Raleigh NC 2,206,165 1,186,000 2,540,000 3,726,000 57,844 1,186,000 2,597,844 3,783,844 127,964 1999 11/3/2014 Myrtle Beach I SC 3,343,018 1,482,000 4,476,000 5,958,000 113,317 1,482,000 4,589,317 6,071,317 196,827 1998/2005- 2007 11/3/2014 Myrtle Beach II SC 3,117,914 1,690,000 3,654,000 5,344,000 65,715 1,690,000 3,719,715 5,409,715 165,230 1999/ 2006 11/3/2014 Whittier CA 442,513 2,730,000 2,916,875 5,646,875 70,514 2,730,000 2,987,389 5,717,389 109,586 1989 02/18/15 La Verne CA 312,428 1,950,000 2,036,875 3,986,875 48,802 1,950,000 2,085,677 4,035,677 86,027 1986 01/23/15 Santa Ana CA 697,196 4,890,000 4,006,875 8,896,875 79,368 4,890,000 4,086,243 8,976,243 156,474 1978 02/05/15 Upland CA 467,589 2,950,000 3,016,875 5,966,875 65,035 2,950,000 3,081,910 6,031,910 120,812 1979 01/29/15 La Habra CA 346,125 2,060,000 2,356,875 4,416,875 29,840 2,060,000 2,386,715 4,446,715 80,604 1981 02/05/15 Monterey Park CA 332,019 2,020,000 2,216,875 4,236,875 51,694 2,020,000 2,268,569 4,288,569 72,211 1987 02/05/15 Huntington Beach CA 808,473 5,460,000 4,856,875 10,316,875 69,502 5,460,000 4,926,377 10,386,377 179,856 1986 02/05/15 Chico CA 136,109 400,000 1,336,875 1,736,875 25,705 400,000 1,362,580 1,762,580 49,909 1984 01/23/15 Lancaster CA 134,541 200,000 1,516,875 1,716,875 58,408 200,000 1,575,283 1,775,283 63,952 1980 01/29/15 Riverside CA 211,338 370,000 2,326,875 2,696,875 46,883 370,000 2,373,758 2,743,758 85,830 1985 01/23/15 Fairfield CA 288,135 730,000 2,946,875 3,676,875 28,506 730,000 2,975,381 3,705,381 110,100 1984 01/23/15 Lompoc CA 293,621 1,000,000 2,746,875 3,746,875 47,068 1,000,000 2,793,943 3,793,943 99,532 1982 02/05/15 Santa Rosa CA 773,209 3,150,000 6,716,875 9,866,875 67,778 3,150,000 6,784,653 9,934,653 251,399 1979- 1981 01/29/15 Vallejo CA — 990,000 3,946,875 4,936,875 60,847 990,000 4,007,722 4,997,722 145,671 1981 01/29/15 Federal Heights CO 348,476 1,100,000 3,346,875 4,446,875 58,584 1,100,000 3,405,459 4,505,459 140,212 1983 01/29/15 Aurora CO 526,362 810,000 5,906,875 6,716,875 51,948 810,000 5,958,823 6,768,823 211,718 1984 02/05/15 Littleton CO 324,183 1,680,000 2,456,875 4,136,875 27,361 1,680,000 2,484,236 4,164,236 95,128 1985 01/23/15 Bloomingdale IL 365,716 810,000 3,856,874 4,666,874 47,620 810,000 3,904,494 4,714,494 129,121 1987 02/18/15 Crestwood IL 183,911 250,000 2,096,875 2,346,875 100,573 250,000 2,197,448 2,447,448 79,090 1987 01/23/15 Forestville MD 492,666 1,940,000 4,346,875 6,286,875 82,979 1,940,000 4,429,854 6,369,854 189,219 1988 01/23/15 Warren I MI 250,520 230,000 2,966,875 3,196,875 63,649 230,000 3,030,524 3,260,524 75,613 1996 05/08/15 Sterling Heights MI 277,164 250,000 3,286,875 3,536,875 60,591 250,000 3,347,466 3,597,466 74,294 1977 05/21/15 Troy MI 346,125 240,000 4,176,875 4,416,875 65,279 240,000 4,242,154 4,482,154 140,058 1988 05/08/15 Warren II MI 259,140 240,000 3,066,875 3,306,875 67,513 240,000 3,134,388 3,374,388 79,350 1987 05/08/15 Beverly NJ 164,320 400,000 1,696,875 2,096,875 26,318 400,000 1,723,193 2,123,193 37,430 1988 05/28/15 Everett WA 389,225 2,010,000 2,956,875 4,966,875 50,949 2,010,000 3,007,824 5,017,824 97,276 1986 02/05/15 Foley AL 596,743 1,830,000 5,785,000 7,615,000 53,850 1,830,000 5,838,850 7,668,850 68,819 1985/1996/ 2006 09/11/15 Tampa FL 232,154 1,010,000 1,952,500 2,962,500 4,064 1,010,000 1,956,564 2,966,564 11,248 1985 11/03/15 $ 22,437,841 $ 47,653,000 $ 106,708,249 $ 154,361,249 $ 1,883,301 $ 47,653,000 $ 108,591,550 $ 156,244,550 $ 3,755,709 Activity in real estate facilities during 2015 was as follows: Real estate facilities Balance at December 31, 2014 $ 20,857,880 Facility acquisitions 132,546,249 Finalized purchase price allocations related to 2014 acquisitions 958,000 Improvements and additions 2,156,384 Asset disposals (273,963 ) Balance at December 31, 2015 $ 156,244,550 Accumulated depreciation Balance at December 31, 2014 $ (93,433 ) Depreciation expense (3,936,239 ) Asset disposals 273,963 Balance at December 31, 2015 $ (3,755,709 )

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) and the rules and regulations of the SEC.
Principles of Consolidation	Principles of Consolidation Our financial statements, and the financial statements of our Operating Partnership, including its wholly-owned subsidiaries, are consolidated in the accompanying consolidated financial statements. The portion of these entities not wholly-owned by us is presented as noncontrolling interests. All significant intercompany accounts and transactions have been eliminated in consolidation.
Consolidation Considerations	Consolidation Considerations Current accounting guidance provides a framework for identifying a variable interest entity (“VIE”) and determining when a company should include the assets, liabilities, noncontrolling interests, and results of activities of a VIE in its consolidated financial statements. In general, a VIE is an entity or other legal structure used to conduct activities or hold assets that either (1) has an insufficient amount of equity to carry out its principal activities without additional subordinated financial support, (2) has a group of equity owners that are unable to make significant decisions about its activities, or (3) has a group of equity owners that do not have the obligation to absorb losses or the right to receive returns generated by its operations. Generally, a VIE should be consolidated if a party with an ownership, contractual, or other financial interest in the VIE (a variable interest holder) has the power to direct the VIE’s most significant activities and the obligation to absorb losses or right to receive benefits of the VIE that could be significant to the VIE. A variable interest holder that consolidates the VIE is called the primary beneficiary. Upon consolidation, the primary beneficiary generally must initially record all of the VIE’s assets, liabilities, and noncontrolling interest at fair value and subsequently account for the VIE as if it were consolidated based on majority voting interest. As of December 31, 2015 and 2014, we had not entered into contracts/interests that would be deemed to be variable interests in VIEs.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The current economic environment has increased the degree of uncertainty inherent in these estimates and assumptions. Management will adjust such estimates when facts and circumstances dictate. Actual results could materially differ from those estimates. The most significant estimates made include the allocation of property purchase price to tangible and intangible assets acquired and liabilities assumed at fair value, the determination if certain entities should be consolidated, the evaluation of potential impairment of long-lived assets, and the useful lives of real estate assets and intangibles.
Cash and Cash Equivalents	Cash and Cash Equivalents We consider all short-term, highly liquid investments that are readily convertible to cash with a maturity of three months or less at the time of purchase to be cash equivalents. We may maintain cash equivalents in financial institutions in excess of insured limits, but believe this risk will be mitigated by only investing in or through major financial institutions.
Restricted Cash	Restricted Cash Restricted cash consists primarily of impound reserve accounts for property taxes, insurance and capital improvements in connection with the requirements of our loan agreement.
Real Estate Purchase Price Allocation	Real Estate Purchase Price Allocation We account for acquisitions in accordance with amended accounting guidance which requires that we allocate the purchase price of the property to the tangible and intangible assets acquired and the liabilities assumed based on estimated fair values. This guidance requires us to make significant estimates and assumptions, including fair value estimates, as of the acquisition date and to adjust those estimates as necessary during the measurement period (defined as the period, not to exceed one year, in which we may adjust the provisional amounts recognized for an acquisition). Acquisitions of portfolios of facilities are allocated to the individual facilities based upon an income approach or a cash flow analysis using appropriate risk adjusted capitalization rates which take into account the relative size, age, and location of the individual facility along with current and projected occupancy and rental rate levels or appraised values, if available. Allocations to the individual assets and liabilities are based upon comparable market sales information for land and estimates of depreciated replacement cost of equipment, building and site improvements. In allocating the purchase price, we determine whether the acquisition includes intangible assets or liabilities. Substantially all of the leases in place at acquired properties are at market rates, as the majority of the leases are month-to-month contracts. We also consider whether in-place, market leases represent an intangible asset. We recorded approximately $8.0 million and approximately $1.2 million in intangible assets to recognize the value of in-place leases related to our acquisitions during 2015 and 2014, respectively. We do not expect, nor to date have we recorded, intangible assets for the value of customer relationships because we expect we will not have concentrations of significant customers and the average customer turnover will be fairly frequent. Our acquisition-related transaction costs are required to be expensed as incurred. During the years ended December 31, 2015 and 2014 we expensed approximately $3.4 million and $1.3 million, respectively, of acquisition-related transaction costs. Should the initial accounting for an acquisition be incomplete by the end of a reporting period that falls within the measurement period, we will report provisional amounts in our financial statements. During the measurement period, we will adjust the provisional amounts recognized at the acquisition date to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date and we will record those adjustments to our financial statements. We will recognize any measurement adjustments during the period in which we determine the amount of the adjustment to our financial statements, potentially including adjustments to interest, depreciation and amortization expense.
Evaluation of Possible Impairment of Long-Lived Assets	Evaluation of Possible Impairment of Long-Lived Assets Management will continually monitor events and changes in circumstances that could indicate that the carrying amounts of our long-lived assets, may not be recoverable. When indicators of potential impairment are present that indicate that the carrying amounts of the assets may not be recoverable, we will assess the recoverability of the assets by determining whether the carrying value of the long-lived assets will be recovered through the undiscounted future operating cash flows expected from the use of the asset and its eventual disposition. In the event that such expected undiscounted future cash flows do not exceed the carrying value, we will adjust the value of the long-lived assets to the fair value and recognize an impairment loss. For the years ended December 31, 2015 and 2014, no impairment losses were recognized.
Revenue Recognition	Revenue Recognition Management believes that all of our leases are operating leases. Rental income is recognized in accordance with the terms of the leases, which generally are month-to-month. Revenues from any long-term operating leases are recognized on a straight-line basis over the term of the lease. The excess of rents received over amounts contractually due pursuant to the underlying leases is included in accounts payable and accrued liabilities in our consolidated balance sheets and contractually due but unpaid rent is included in other assets.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts Tenant accounts receivable is reported net of an allowance for doubtful accounts. Management’s estimate of the allowance is based upon a review of the current status of tenant accounts receivable. It is reasonably possible that management’s estimate of the allowance will change in the future.
Real Estate Facilities	Real Estate Facilities Real estate facilities are recorded at cost. We capitalize costs incurred to develop, construct, renovate and improve properties, including interest and property taxes incurred during the construction period. The construction period begins when expenditures for the real estate assets have been made and activities that are necessary to prepare the asset for its intended use are in progress. The construction period ends when the asset is substantially complete and ready for its intended use.
Depreciation of Real Property Assets	Depreciation of Real Property Assets Our management is required to make subjective assessments as to the useful lives of our depreciable assets. We consider the period of future benefit of the asset to determine the appropriate useful lives. Depreciation of our real property assets is charged to expense on a straight-line basis over the estimated useful lives as follows: Description Standard Depreciable Life Land Not Depreciated Buildings 30-35 years Site Improvements 7-10 years As described in Note 1, after the close of the Merger all of our properties in the United States were re-branded under the Extra Space name. As such, during the three months ended September 30, 2015, the depreciable lives for capitalized SmartStop branded signs were reduced to their estimated remaining useful lives. Depreciation expense for the year ended December 31, 2015 includes approximately $230,000 of accelerated depreciation related to the SmartStop branded signs.
Depreciation of Personal Property Assets	Depreciation of Personal Property Assets Personal property assets consist primarily of furniture, fixtures and equipment and are depreciated on a straight-line basis over the estimated useful lives generally ranging from 3 to 5 years, and are included in other assets on our consolidated balance sheets.
Intangible Assets	Intangible Assets We have allocated a portion of our real estate purchase price to in-place leases. We are amortizing in-place leases on a straight-line basis over the estimated future benefit period. As of December 31, 2015, the gross amounts allocated to in-place lease intangibles was approximately $9.2 million and accumulated amortization of in-please lease intangibles totaled approximately $5.3 million. As of December 31, 2014, the gross amounts allocated to in-place lease intangibles was approximately $2.1 million and accumulated amortization of in-place lease intangibles totaled approximately $0.2 million. The total estimated amortization expense of intangible assets for the years ending December 31, 2016, and 2017, is approximately $3.8 million, and $100,000, respectively, and none for the years thereafter.
Debt Issuance Costs	Debt Issuance Costs Costs incurred in connection with obtaining financing are deferred and amortized on a straight-line basis over the term of the related loan, which is not materially different than the effective interest method. As of December 31, 2015 and 2014 accumulated amortization of debt issuance costs totaled approximately $48,000 and approximately $4,000, respectively.
Organizational and Offering Costs	Organizational and Offering Costs Our Advisor may fund organization and offering costs on our behalf. We will be required to reimburse our Advisor for such organization and offering costs; provided, however, our Advisor must reimburse us within 60 days after the end of the month in which the Offering terminates to the extent we paid or reimbursed organization and offering costs (excluding sales commissions and dealer manager fees) in excess of 3.5% of the gross offering proceeds from the Primary Offering. Such costs will be recognized as a liability when we have a present responsibility to reimburse our Advisor, which is defined in our Advisory Agreement as the date we satisfied the minimum offering requirements of our Offering (which occurred on May 23, 2014). If at any point in time we determine that the total organization and offering costs are expected to exceed 3.5% of the gross proceeds anticipated to be received from the Primary Offering, we will recognize such excess as a capital contribution from our Advisor. As of December 31, 2015, we do not believe total organization and offering costs will exceed 3.5% of the gross proceeds anticipated to be received from the Primary Offering. Offering costs are recorded as an offset to additional paid-in capital, and organization costs are recorded as an expense.
Redeemable Common Stock	Redeemable Common Stock We adopted a share redemption program that will enable stockholders to sell their shares to us in limited circumstances. We record amounts that are redeemable under the share redemption program as redeemable common stock in the accompanying consolidated balance sheet since the shares are redeemable at the option of the holder and therefore their redemption is outside our control. The maximum amount redeemable under our share redemption program is limited to the number of shares we can repurchase with the amount of the net proceeds from the sale of shares under the distribution reinvestment plan. However, accounting guidance states that determinable amounts that can become redeemable but that are contingent on an event that is likely to occur (e.g., the passage of time) should be presented as redeemable when such amount is known. Therefore, the net proceeds from the distribution reinvestment plan are considered to be temporary equity and are presented as redeemable common stock in the accompanying consolidated balance sheet. In addition, current accounting guidance requires, among other things, that financial instruments that represent a mandatory obligation of us to repurchase shares be classified as liabilities and reported at settlement value. Our redeemable common shares will be contingently redeemable at the option of the holder. When we determine we have a mandatory obligation to repurchase shares under the share redemption program, we will reclassify such obligations from temporary equity to a liability based upon their respective settlement values. For the year ended December 31, 2015 we received two redemption requests, one for approximately 1,750 shares which was fulfilled in July 2015, and another for approximately 1,095 shares which was fulfilled in January 2016. For the year ended December 31, 2014, we did not receive any requests for redemptions.
Accounting for Equity Awards	Accounting for Equity Awards The cost of restricted stock is required to be measured based on the grant date fair value and the cost recognized over the relevant service period.
Fair Value Measurements	Fair Value Measurements The accounting standard for fair value measurements and disclosures defines fair value, establishes a framework for measuring fair value, and provides for expanded disclosure about fair value measurements. Fair value is defined by the accounting standard for fair value measurements and disclosures as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. It also establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three levels. The following summarizes the three levels of inputs and hierarchy of fair value we will use when measuring fair value: • Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that we have the ability to access; • Level 2 inputs may include quoted prices for similar assets and liabilities in active markets, as well as interest rates and yield curves that are observable at commonly quoted intervals; and • Level 3 inputs are unobservable inputs for the assets or liabilities that are typically based on an entity’s own assumptions as there is little, if any, related market activity. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the fair value measurement will fall within the lowest level that is significant to the fair value measurement in its entirety. The accounting guidance for fair value measurements and disclosures provides a framework for measuring fair value and establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. In determining fair value, we will utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible as well as consider counterparty credit risk in our assessment of fair value. Considerable judgment will be necessary to interpret Level 2 and 3 inputs in determining fair value of our financial and non-financial assets and liabilities. Accordingly, there can be no assurance that the fair values we will present will be indicative of amounts that may ultimately be realized upon sale or other disposition of these assets. Financial and non-financial assets and liabilities measured at fair value on a non-recurring basis in our consolidated financial statements consist of real estate and related liabilities assumed related to our acquisitions. The fair values of these assets and liabilities were determined as of the acquisition dates using widely accepted valuation techniques, including (i) discounted cash flow analysis, which considers, among other things, leasing assumptions, growth rates, discount rates and terminal capitalization rates, (ii) income capitalization approach, which considers prevailing market capitalization rates, and (iii) comparable sales activity. In general, we consider multiple valuation techniques when measuring fair values. However, in certain circumstances, a single valuation technique may be appropriate. All of the fair values of the assets and liabilities as of the acquisition dates were derived using Level 3 inputs. The carrying amounts of cash and cash equivalents, tenant accounts receivable, other assets, accounts payable and accrued liabilities, distributions payable and amounts due to affiliates will approximate fair value because of the relatively short-term nature of these instruments. The table below summarizes our fixed rate notes payable at December 31, 2015 and 2014. The estimated fair value of financial instruments is subjective in nature and is dependent on a number of important assumptions, including discount rates and relevant comparable market information associated with each financial instrument. The fair value of the fixed rate notes payable was estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. The use of different market assumptions and estimation methodologies may have a material effect on the reported estimated fair value amounts. Accordingly, the estimates presented below are not necessarily indicative of the amounts we would realize in a current market exchange. December 31, 2015 December 31, 2014 Fair Value Carrying Value Fair Value Carrying Value Fixed Rate Secured Debt $ 13,300,000 $ 13,237,237 $ 13,500,000 $ 13,494,871 To comply with GAAP, we incorporate credit valuation adjustments to appropriately reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of derivative contracts for the effect of non-performance risk, we will consider the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts, and guarantees.
Noncontrolling Interest in Consolidated Entities	Noncontrolling Interest in Consolidated Entities We account for the noncontrolling interest in our Operating Partnership in accordance with the related accounting guidance. Due to our control through our general partnership interest in our Operating Partnership and the limited rights of the limited partner, our Operating Partnership, including its wholly-owned subsidiaries, are consolidated with the Company and the limited partner interest is reflected as a noncontrolling interest in the accompanying consolidated balance sheet. The noncontrolling interest shall be attributed its share of income and losses, even if that attribution results in a deficit noncontrolling interest balance.
Income Taxes	Income Taxes We made an election to be taxed as a Real Estate Investment Trust (“REIT”), under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Code”), commencing with our taxable year ended December 31, 2014. To continue to qualify as a REIT, we must meet certain organizational and operational requirements, including a requirement to distribute at least 90% of the REIT’s ordinary taxable income to stockholders. As a REIT, we generally will not be subject to federal income tax on taxable income that we distribute to our stockholders. If we fail to qualify as a REIT in any taxable year, we will then be subject to federal income taxes on our taxable income at regular corporate rates and will not be permitted to qualify for treatment as a REIT for federal income tax purposes for four years following the year during which qualification is lost unless the IRS grants us relief under certain statutory provisions. Such an event could materially adversely affect our net income and net cash available for distribution to stockholders. However, we believe that we are organized and operate in such a manner as to continue to qualify for treatment as a REIT and intend to operate in the foreseeable future in such a manner that we will remain qualified as a REIT for federal income tax purposes. Even if we continue to qualify for taxation as a REIT, we may be subject to certain state and local taxes on our income and property, and federal income and excise taxes on our undistributed income. We filed elections to treat our TRS as a taxable REIT subsidiary effective January 1, 2014. In general, the TRS performs additional services for our customers and generally engages in any real estate or non-real estate related business. The TRS is subject to corporate federal and state income tax. The TRS follows accounting guidance which requires the use of the asset and liability method. Deferred income taxes represent the tax effect of future differences between the book and tax bases of assets and liabilities.
Per Share Data	Per Share Data Basic earnings per share attributable to Strategic Storage Trust II, Inc. for all periods presented are computed by dividing net income (loss) attributable to Strategic Storage Trust II, Inc. by the weighted average number of shares outstanding during the period, excluding unvested restricted stock. Diluted earnings per share are computed by dividing net income (loss) attributable to Strategic Storage Trust II, Inc. by the weighted average number of shares outstanding, adjusted for the dilutive effect of unvested restricted stock, utilizing the treasury stock method. For all periods presented the dilutive effective of unrestricted stock was not included in the dilutive weighted average shares as such shares were antidilutive.
Recently Issued Accounting Guidance	Recently Issued Accounting Guidance In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09 “Revenue from Contracts with Customers” (“ASU 2014-09”) as Accounting Standards Codification (“ASC”) Topic 606. The objective of ASU 2014-09 is to establish a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will supersede most of the existing revenue recognition guidance, including industry-specific guidance. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In applying the new standard, companies will perform a five-step analysis of transactions to determine when and how revenue is recognized. ASU 2014-09 applies to all contracts with customers except those that are within the scope of other topics in the FASB ASC. In July 2015, the FASB voted to defer the effective date by one year to annual reporting periods (including interim periods within those periods) beginning after December 15, 2017 and early adoption is permitted. This ASU shall still be applied using either a full retrospective or modified retrospective approach. We are in the process of evaluating the impact of this standard on our consolidated financial statements and the impact is unknown at this time. In February 2015, the FASB issued ASU 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis.” ASU 2015-02 changes the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. Specifically, ASU 2015-02 modifies the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities, eliminates the presumption that a general partner should consolidate a limited partnership, and affects the evaluation of fee arrangements in the primary beneficiary determination. ASU 2015-02 is effective for periods beginning after December 15, 2015 and early adoption is permitted. We are in the process of evaluating the impact of this standard on our consolidated financial statements and the impact is unknown at this time. In April 2015, the FASB issued ASU 2015-03, “Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.” ASU 2015-03 requires that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of debt liability, consistent with debt discounts or premiums. Given the absence of authoritative guidance within ASU 2015-03 for debt issuance costs related to line-of-credit arrangements, in August 2015, the FASB issued ASU 2015-15, “Interest – Imputation of Interest (Subtopic 835-30), Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements”, which clarifies ASU No. 2015-03 by stating that the staff of the SEC would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. ASU 2015-03 is effective for periods beginning after December 15, 2015 and early adoption is permitted. We are in the process of evaluating the impact of this standard on our consolidated financial statements and the impact is unknown at this time. In September 2015, the FASB issued ASU 2015-16, “Business Combinations: Simplifying the Accounting for Measurement-Period Adjustments”. The amendments in the update require an acquirer in a business combination to recognize adjustments to estimated amounts identified during the measurement period in the reporting period in which the adjustment amounts are determined. The acquirer must record the effect of the adjustments on earnings as if the accounting had been completed at the acquisition date and the acquirer must disclose in its financial statements the portion of the amounts recorded in each line item of current-period earnings that would have been recorded in previous periods if the adjustments to estimated amounts had been recognized as of the acquisition date. The update is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years, with early adoption permitted for financial statements that have not been issued. We have early adopted this new guidance and the effect on our financial statements is discussed in Note 3. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”, which amends the guidance on accounting for leases. Under ASU 2016-02, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (1) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease; and (2) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under ASU 2016-02, lessor accounting is largely unchanged. It also includes extensive amendments to the disclosure requirements. ASU 2016-02 is effective for fiscal years and interim periods beginning after December 15, 2018. Early adoption is permitted for financial statements that have not yet been made available for issuance. ASU 2016-02 requires a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. We are in the process of evaluating the impact of this standard on our consolidated financial statements and the impact is unknown at this time.

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Estimated Useful Lives used to Depreciate Real Property Assets	Depreciation of our real property assets is charged to expense on a straight-line basis over the estimated useful lives as follows: Description Standard Depreciable Life Land Not Depreciated Buildings 30-35 years Site Improvements 7-10 years
Summary of Fixed Rate Notes Payable	The table below summarizes our fixed rate notes payable at December 31, 2015 and 2014. The estimated fair value of financial instruments is subjective in nature and is dependent on a number of important assumptions, including discount rates and relevant comparable market information associated with each financial instrument. The fair value of the fixed rate notes payable was estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. The use of different market assumptions and estimation methodologies may have a material effect on the reported estimated fair value amounts. Accordingly, the estimates presented below are not necessarily indicative of the amounts we would realize in a current market exchange. December 31, 2015 December 31, 2014 Fair Value Carrying Value Fair Value Carrying Value Fixed Rate Secured Debt $ 13,300,000 $ 13,237,237 $ 13,500,000 $ 13,494,871

Real Estate Facilities (Tables)

Real Estate Facilities (Tables)	12 Months Ended
	Dec. 31, 2015
Real Estate [Abstract]
Summary of Activity in Real Estate Facilities	The following summarizes the activity in real estate facilities during the years ended December 31, 2015 and 2014: Real estate facilities Balance at December 31, 2013 $ — Facility acquisitions 20,857,000 Improvements and additions 880 Balance at December 31, 2014 20,857,880 Facility acquisitions 132,546,249 Finalized purchase price allocations related to 2014 acquisitions 958,000 Improvements and additions 2,156,384 Asset disposals (273,963 ) Balance at December 31, 2015 $ 156,244,550 Accumulated depreciation Balance at December 31, 2013 $ — Depreciation expense (93,433 ) Balance at December 31, 2014 (93,433 ) Depreciation expense (3,936,239 ) Asset disposals 273,963 Balance at December 31, 2015 $ (3,755,709 )
Summary of Purchase Price Allocation for Acquisitions	The following table summarizes the purchase price allocation for our acquisitions during the year ended December 31, 2015: Property Acquisition Real Estate Intangibles Total Principal of 2015 (2) 2015 (3) La Verne 1/23/2015 $ 3,986,875 $ 180,000 $ 4,166,875 $ 2,370,000 $ 705,564 444,668 Chico 1/23/2015 1,736,875 90,000 1,826,875 1,230,000 553,611 313,050 Riverside 1/23/2015 2,696,875 110,000 2,806,875 1,740,000 862,574 482,506 Fairfield 1/23/2015 3,676,875 250,000 3,926,875 2,250,000 621,060 366,104 Littleton 1/23/2015 4,136,875 210,000 4,346,875 2,310,000 568,008 354,357 Crestwood 1/23/2015 2,346,875 140,000 2,486,875 1,650,000 489,340 246,268 Forestville 1/23/2015 6,286,875 410,000 6,696,875 3,870,000 1,033,216 716,896 Upland 1/29/2015 5,966,875 310,000 6,276,875 3,540,000 310,001 134,707 Lancaster 1/29/2015 1,716,875 90,000 1,806,875 1,140,000 411,394 174,715 Santa Rosa 1/29/2015 9,866,875 600,000 10,466,875 5,760,000 475,487 258,042 Vallejo 1/29/2015 4,936,875 350,000 5,286,875 3,360,000 511,791 293,887 Federal Heights 1/29/2015 4,446,875 300,000 4,746,875 2,550,000 557,445 348,501 Santa Ana 2/5/2015 8,896,875 380,000 9,276,875 4,350,000 1,149,866 714,694 La Habra 2/5/2015 4,416,875 190,000 4,606,875 2,340,000 667,218 428,452 Monterey Park 2/5/2015 4,236,875 190,000 4,426,875 2,340,000 482,731 251,907 Huntington Beach 2/5/2015 10,316,875 560,000 10,876,875 5,760,000 841,183 550,143 Lompoc 2/5/2015 3,746,875 290,000 4,036,875 2,460,000 508,933 248,116 Aurora 2/5/2015 6,716,875 620,000 7,336,875 4,140,000 503,657 281,333 Everett 2/5/2015 4,966,875 230,000 5,196,875 2,190,000 476,990 196,759 Whittier 2/19/2015 5,646,875 270,000 5,916,875 3,330,000 623,323 333,470 Bloomingdale 2/19/2015 4,666,874 330,000 4,996,874 2,520,000 323,982 160,580 Warren I 5/8/2015 3,196,875 240,000 3,436,875 1,620,000 328,826 187,575 Warren II 5/8/2015 3,306,875 330,000 3,636,875 2,040,000 480,171 311,680 Troy 5/8/2015 4,416,875 400,000 4,816,875 2,880,000 343,136 190,639 Sterling Heights 5/21/2015 3,536,875 320,000 3,856,875 2,190,000 251,168 114,146 Beverly 5/28/2015 2,096,875 80,000 2,176,875 1,365,000 451,703 229,891 Foley (1) 9/11/2015 7,615,000 350,000 7,965,000 — 290,184 171,265 Tampa (1) 11/3/2015 2,962,500 200,000 3,162,500 — 61,468 14,446 2015 Total $ 132,546,249 $ 8,020,000 $ 140,566,249 $ 71,295,000 $ 14,884,030 $ 8,518,797 (1) The allocations noted above are based on a preliminary determination of the fair value of the total consideration provided. Such valuations may change as we complete our purchase price accounting. (2) The operating results of the facilities acquired above have been included in our statement of operations since their respective acquisition date. (3) Property operating income excludes corporate general and administrative expenses, asset management fees, interest expense, depreciation, amortization, and acquisition expenses. The following table summarizes our purchase price allocation for our acquisitions during the year ended December 31, 2014: Property Acquisition Real Estate Intangibles Total Principal of Allocation 2014 (1) 2014 (2) Morrisville 11/03/2014 $ 1,968,000 $ 250,000 $ 2,218,000 $ 1,216,000 $ 88,000 $ 57,533 $ 29,825 Cary 11/03/2014 4,377,500 380,000 4,757,500 2,610,000 187,500 85,820 56,170 Raleigh 11/03/2014 3,670,500 410,000 4,080,500 2,238,000 160,500 76,672 42,563 Myrtle Beach I 11/03/2014 5,584,000 600,000 6,184,000 3,392,000 244,000 132,962 89,847 Myrtle Beach II 11/03/2014 5,257,000 510,000 5,767,000 3,163,000 227,000 112,358 72,799 Finalized Purchase Price Allocations 958,000 (958,000 ) — — — — — 2014 Total $ 21,815,000 $ 1,192,000 $ 23,007,000 $ 12,619,000 $ 907,000 $ 465,345 $ 291,204 (1) The operating results of the facilities acquired above have been included in our statement of operations since their respective acquisition date. (2) Property operating income excludes corporate general and administrative expenses, asset management fees, interest expense, depreciation, amortization, and acquisition expenses.

Secured Debt (Tables)

Secured Debt (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Future Principal Payment Requirements on Outstanding Secured Debt	The following table presents the future principal payment requirements on outstanding secured debt as of December 31, 2015: 2016 $ 174,449 2017 186,921 2018 10,198,075 2019 209,893 2020 220,483 2021 and thereafter 11,448,020 Total payments 22,437,841 Unamortized fair value adjustment 799,396 Total $ 23,237,237

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Summary of Related Party Costs	Pursuant to the terms of the agreements described above, the following table summarizes related party costs incurred and paid by us for the years ended December 31, 2015 and 2014, and any related amounts payable as of December 31, 2015 and 2014 (there were no related party costs during the period from January 8, 2013 (date of inception) through December 31, 2013): Year Ended December 31, 2014 Year Ended December 31, 2015 Incurred Paid Payable Incurred Paid Payable Expensed Operating expenses (including organizational costs) $ 862,827 $ 26,326 $ 836,501 $ 1,200,003 $ 1,988,533 $ 47,971 Asset management fees 22,254 — 22,254 865,757 888,011 — Property management fees (1) 47,287 — 47,287 1,259,135 1,306,422 — Acquisition expenses 1,089,783 386,750 703,033 2,776,679 3,479,712 — Capitalized Debt issuance costs 441,873 — 441,873 214,006 655,879 — Other assets 461,492 — 461,492 77,556 539,048 — Additional Paid-in Capital Selling commissions 1,201,157 1,201,157 — 14,761,271 14,761,271 — Dealer Manager fee 514,781 508,902 5,879 3,690,318 3,535,685 160,512 Offering costs 1,805,916 — 1,805,916 319,882 2,125,798 — Total $ 6,447,370 $ 2,123,135 $ 4,324,235 $ 25,164,607 $ 29,280,359 $ 208,483 (1) During the year ended December 31, 2015, property management fees included approximately $0.3 million of fees paid to the sub-property manager of our properties.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Stock for Redemptions Based on Number of Years Stock Held	The amount that we may pay to redeem stock for redemptions is the redemption price set forth in the following table which is based upon the number of years the stock is held: Number Years Held Redemption Price Less than 1 No Redemption Allowed 1 or more but less than 3 90.0% of Redemption Amount 3 or more but less than 4 95.0% of Redemption Amount 4 or more 100.0% of Redemption Amount

Pro Forma Financial Informati26

Pro Forma Financial Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2015
Text Block [Abstract]
Summary of Consolidated Results of Operations on Pro Forma Basis	The table set forth below summarizes on an unaudited pro forma basis the combined results of operations of the Company for the years ended December 31, 2015 and 2014 as if the Company’s acquisitions discussed in Note 3 were completed as of January 1, 2014. This pro forma information does not purport to represent what the actual results of operations of the Company would have been for the periods indicated, nor do they purport to predict the results of operations for future periods. Year Ended Year Ended Pro forma revenue $ 21,017,312 $ 19,674,346 Pro forma operating expenses $ 19,783,189 $ 21,687,080 Pro forma net loss attributable to common stockholders $ (9,194,927 ) $ (13,171,002 )

Selected Quarterly Data (Tables

Selected Quarterly Data (Tables)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Summary of Quarterly Financial Information	The following is a summary of quarterly financial information for the years ended December 31, 2015 and 2014 (there were no operations during the period from January 8, 2013 (date of inception) through December 31, 2013): Three months ended March 31, 2015 June 30, 2015 September 30, 2015 December 31, 2015 (1) Total revenues $ 3,006,780 $ 4,488,212 $ 5,053,724 $ 5,356,983 Total operating expenses $ 5,925,633 $ 5,613,146 $ 5,989,195 $ 5,454,605 Operating loss $ (2,918,853 ) $ (1,124,934 ) $ (935,471 ) $ (97,622 ) Net loss $ (3,580,205 ) $ (1,990,815 ) $ (1,854,575 ) $ (1,511,945 ) Net loss attributable to the Company $ (4,979,729 ) $ (4,037,637 ) $ (3,739,454 ) $ (2,534,121 ) Net loss per Class A Share-basic and diluted $ (2.26 ) $ (1.36 ) $ (0.82 ) $ (0.18 ) Net loss per Class T Share-basic and diluted $ — $ — $ — $ (0.18 ) Three months ended March 31, 2014 June 30, 2014 September 30, 2014 December 31, 2014 Total revenues $ — $ — $ — $ 465,345 Total operating expenses $ — $ 866,991 $ 498,335 $ 1,356,884 Operating loss $ — $ (866,991 ) $ (498,335 ) $ (891,539 ) Net loss $ — $ (866,991 ) $ (498,335 ) $ (996,259 ) Net loss attributable to the Company $ — $ (789,137 ) $ (482,603 ) $ (1,124,645 ) Net loss per Class A Share-basic and diluted $ — $ (7.90 ) $ (0.77 ) $ (0.84 ) Net loss per Class T Share-basic and diluted $ — $ — $ — $ — (1) Includes a net decrease of approximately $500,000 of depreciation and amortization expense related to the finalization of purchase price allocations.

Organization - Additional Infor

Organization - Additional Information (Detail)	Mar. 21, 2016USD ($)shares	Jan. 01, 2016Property	Dec. 31, 2015USD ($)Property$ / sharesshares	Oct. 01, 2015USD ($)$ / shares	May. 23, 2014USD ($)	Aug. 02, 2013USD ($)shares	Dec. 31, 2015USD ($)$ / sharesshares	Dec. 31, 2014USD ($)$ / sharesshares	Dec. 31, 2013USD ($)shares	Dec. 12, 2015USD ($)shares	Aug. 31, 2014
Organization and Nature of Operations [Line Items]
Date of formation of company							Jan. 8, 2013
Preferred Stock, shares authorized | shares			200,000,000				200,000,000	200,000,000
Preferred Stock, par value | $ / shares			$ 0.001				$ 0.001	$ 0.001
Shares issuable pursuant to distribution reinvestment plan							$ 95,000,000
Sale of common shares							193,105,306	$ 17,536,902	$ 1,000
Number of self storage facilities | Property			33
Preferred equity investment			$ 0				$ 0	$ 5,028,115
Percentage of non-voting equity owned							15.00%
Primary Offering | Minimum
Organization and Nature of Operations [Line Items]
Sale of common shares					$ 1,500,000
Primary Offering | Maximum
Organization and Nature of Operations [Line Items]
Common stock, value authorized			$ 1,000,000,000				$ 1,000,000,000
Investments in Majority-owned Subsidiaries | Affiliate
Organization and Nature of Operations [Line Items]
Percentage owned by affiliate							2.50%
Class A Common stock
Organization and Nature of Operations [Line Items]
Common Stock, shares authorized | shares			350,000,000				350,000,000	350,000,000
Common stock, par value | $ / shares			$ 0.001				$ 0.001	$ 0.001
Class T Common stock
Organization and Nature of Operations [Line Items]
Common Stock, shares authorized | shares			350,000,000				350,000,000	350,000,000
Common stock, par value | $ / shares			$ 0.001				$ 0.001	$ 0.001
Common Stock | Class A Common stock
Organization and Nature of Operations [Line Items]
Sale of common shares							$ 18,796	$ 1,757	$ 1
Number of common stock issued | shares							18,797,161	1,757,677	100
Gross proceeds from issuance of common stock							$ 206,100,000
Common Stock | Class A Common stock | Subsequent Event
Organization and Nature of Operations [Line Items]
Number of common stock issued | shares	29,400,000
Gross proceeds from issuance of common stock	$ 292,600,000
Common Stock | Class T Common stock
Organization and Nature of Operations [Line Items]
Sale of common shares							$ 608	$ 0	$ 0
Number of common stock issued | shares							608,918	0
Gross proceeds from issuance of common stock							$ 5,800,000
Common Stock | Class T Common stock | Subsequent Event
Organization and Nature of Operations [Line Items]
Number of common stock issued | shares	1,500,000
Gross proceeds from issuance of common stock	$ 14,600,000
Dealer Manager | President
Organization and Nature of Operations [Line Items]
Percentage of non-voting equity owned							15.00%
SmartStop Asset Management
Organization and Nature of Operations [Line Items]
Percentage of non-voting equity owned				15.00%
SmartStop Asset Management | President
Organization and Nature of Operations [Line Items]
Percentage of non-voting equity owned				15.00%
SSTI Preferred Investor
Organization and Nature of Operations [Line Items]
Number of Preferred Units received in the Operating Partnership | shares										2,400,000
Preferred equity investment										$ 59,500,000
Strategic Storage Operating Partnership II, L.P.
Organization and Nature of Operations [Line Items]
Date of formation of company							Jan. 9, 2013
Advisor purchased a limited partnership interest in Operating Partnership						$ 200,000
Initial capital contribution						$ 1,000
Percentage of limited partnership interests			99.90%				99.90%
Percentage of limited partnership interests owned by noncontrolling owners			0.10%				0.10%
SmartStop Self Storage, Inc.
Organization and Nature of Operations [Line Items]
Sale price per share | $ / shares				$ 13.75
Enterprise value on sale				$ 1,400,000,000
SmartStop Self Storage, Inc. | Strategic Storage Trust Advisor II, LLC
Organization and Nature of Operations [Line Items]
Economic Interests											97.50%
Percentage of voting membership interest											100.00%
SmartStop Self Storage, Inc. | Property Management Agreement
Organization and Nature of Operations [Line Items]
Percentage of voting membership interest											100.00%
Strategic Storage Advisor II, LLC
Organization and Nature of Operations [Line Items]
Number of shares sold to advisor | shares						100
Sale of common shares to advisor						$ 1,000
Seven Property Portfolio | Subsequent Event
Organization and Nature of Operations [Line Items]
Number of self storage facilities | Property		7

Summary of Significant Accoun29

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	1 Months Ended		12 Months Ended
	Jan. 31, 2016	Jul. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Summary Of Significant Accounting Policies [Line Items]
Payments to acquire intangible assets			$ 8,000,000	$ 1,200,000
Business acquisition, transaction costs			3,400,000	1,300,000
Impairment losses recognized			0	0
Gross amounts of lease intangibles			9,200,000	2,100,000
Accumulated amortization of lease intangibles			5,300,000	200,000
Total estimated amortization expense of intangible assets, year 2016			3,800,000
Total estimated amortization expense of intangible assets, year 2017			100,000
Accumulated amortization of debt issuance costs			$ 48,000	$ 4,000
Maximum period for reimbursement of offering cost			60 days
Maximum offering cost rate			3.50%
Redemptions of common stock (in shares)		1,750		0
Minimum percentage of ordinary taxable income to be distributed to stockholders			90.00%
SmartStop Branded Signs
Summary Of Significant Accounting Policies [Line Items]
Accelerated depreciation			$ 230,000
Subsequent Event
Summary Of Significant Accounting Policies [Line Items]
Redemptions of common stock (in shares)	1,095
Minimum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life			3 years
Maximum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life			5 years

Estimated Useful Lives used to

Estimated Useful Lives used to Depreciate Real Property Assets (Detail)	12 Months Ended
	Dec. 31, 2015
Land
Property, Plant and Equipment [Line Items]
Standard Depreciable Life	Not Depreciated
Buildings | Minimum
Property, Plant and Equipment [Line Items]
Standard Depreciable Life	30 years
Buildings | Maximum
Property, Plant and Equipment [Line Items]
Standard Depreciable Life	35 years
Site Improvements | Minimum
Property, Plant and Equipment [Line Items]
Standard Depreciable Life	7 years
Site Improvements | Maximum
Property, Plant and Equipment [Line Items]
Standard Depreciable Life	10 years

Summary of Fixed Rate Notes Pay

Summary of Fixed Rate Notes Payable (Detail) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value	$ 23,237,237	$ 13,494,871
Fixed Rate Secured Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	13,300,000	13,500,000
Carrying Value	$ 13,237,237	$ 13,494,871

Schedule of Activity in Real Es

Schedule of Activity in Real Estate Facilities (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Real estate facilities
Real estate facilities, beginning balance	$ 20,857,880	$ 0
Facility acquisitions	132,546,249	20,857,000
Finalized purchase price allocations related to 2014 acquisitions	958,000
Improvements and additions	2,156,384	880
Asset disposals	(273,963)
Real estate facilities, ending balance	156,244,550	20,857,880
Accumulated depreciation
Accumulated depreciation, beginning balance	(93,433)	0
Depreciation expense	(3,936,239)	(93,433)
Asset disposals	273,963
Accumulated depreciation, ending balance	$ (3,755,709)	$ (93,433)

Summary of Purchase Price Alloc

Summary of Purchase Price Allocation for Acquisitions (Detail) - USD ($)		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Real Estate Assets		$ 132,546,249	$ 21,815,000
Intangibles		8,020,000	1,192,000
Total		140,566,249	23,007,000
Principal of Debt Issued or Assumed		71,295,000	12,619,000
Allocation of Debt Premium			907,000
Revenue	[1]	14,884,030	465,345
Property Operating Income	[2]	$ 8,518,797	291,204
Finalized Purchase Price Allocation
Business Acquisition [Line Items]
Real Estate Assets			958,000
Intangibles			(958,000)
Total			0
Principal of Debt Issued or Assumed			0
Allocation of Debt Premium			0
Revenue	[1]		0
Property Operating Income	[2]		$ 0
La Verne | California
Business Acquisition [Line Items]
Acquisition Date		Jan. 23, 2015
Real Estate Assets		$ 3,986,875
Intangibles		180,000
Total		4,166,875
Principal of Debt Issued or Assumed		2,370,000
Revenue	[1]	705,564
Property Operating Income	[2]	$ 444,668
Chico | California
Business Acquisition [Line Items]
Acquisition Date		Jan. 23, 2015
Real Estate Assets		$ 1,736,875
Intangibles		90,000
Total		1,826,875
Principal of Debt Issued or Assumed		1,230,000
Revenue	[1]	553,611
Property Operating Income	[2]	$ 313,050
Riverside | California
Business Acquisition [Line Items]
Acquisition Date		Jan. 23, 2015
Real Estate Assets		$ 2,696,875
Intangibles		110,000
Total		2,806,875
Principal of Debt Issued or Assumed		1,740,000
Revenue	[1]	862,574
Property Operating Income	[2]	$ 482,506
Fairfield | California
Business Acquisition [Line Items]
Acquisition Date		Jan. 23, 2015
Real Estate Assets		$ 3,676,875
Intangibles		250,000
Total		3,926,875
Principal of Debt Issued or Assumed		2,250,000
Revenue	[1]	621,060
Property Operating Income	[2]	$ 366,104
Littleton | Colorado
Business Acquisition [Line Items]
Acquisition Date		Jan. 23, 2015
Real Estate Assets		$ 4,136,875
Intangibles		210,000
Total		4,346,875
Principal of Debt Issued or Assumed		2,310,000
Revenue	[1]	568,008
Property Operating Income	[2]	$ 354,357
Crestwood | Illinois
Business Acquisition [Line Items]
Acquisition Date		Jan. 23, 2015
Real Estate Assets		$ 2,346,875
Intangibles		140,000
Total		2,486,875
Principal of Debt Issued or Assumed		1,650,000
Revenue	[1]	489,340
Property Operating Income	[2]	$ 246,268
Forestville | Maryland
Business Acquisition [Line Items]
Acquisition Date		Jan. 23, 2015
Real Estate Assets		$ 6,286,875
Intangibles		410,000
Total		6,696,875
Principal of Debt Issued or Assumed		3,870,000
Revenue	[1]	1,033,216
Property Operating Income	[2]	$ 716,896
Upland | California
Business Acquisition [Line Items]
Acquisition Date		Jan. 29, 2015
Real Estate Assets		$ 5,966,875
Intangibles		310,000
Total		6,276,875
Principal of Debt Issued or Assumed		3,540,000
Revenue	[1]	310,001
Property Operating Income	[2]	$ 134,707
Lancaster | California
Business Acquisition [Line Items]
Acquisition Date		Jan. 29, 2015
Real Estate Assets		$ 1,716,875
Intangibles		90,000
Total		1,806,875
Principal of Debt Issued or Assumed		1,140,000
Revenue	[1]	411,394
Property Operating Income	[2]	$ 174,715
Santa Rosa | California
Business Acquisition [Line Items]
Acquisition Date		Jan. 29, 2015
Real Estate Assets		$ 9,866,875
Intangibles		600,000
Total		10,466,875
Principal of Debt Issued or Assumed		5,760,000
Revenue	[1]	475,487
Property Operating Income	[2]	$ 258,042
Vallejo | California
Business Acquisition [Line Items]
Acquisition Date		Jan. 29, 2015
Real Estate Assets		$ 4,936,875
Intangibles		350,000
Total		5,286,875
Principal of Debt Issued or Assumed		3,360,000
Revenue	[1]	511,791
Property Operating Income	[2]	$ 293,887
Federal Heights | Colorado
Business Acquisition [Line Items]
Acquisition Date		Jan. 29, 2015
Real Estate Assets		$ 4,446,875
Intangibles		300,000
Total		4,746,875
Principal of Debt Issued or Assumed		2,550,000
Revenue	[1]	557,445
Property Operating Income	[2]	$ 348,501
Santa Ana | California
Business Acquisition [Line Items]
Acquisition Date		Feb. 5, 2015
Real Estate Assets		$ 8,896,875
Intangibles		380,000
Total		9,276,875
Principal of Debt Issued or Assumed		4,350,000
Revenue	[1]	1,149,866
Property Operating Income	[2]	$ 714,694
La Habra | California
Business Acquisition [Line Items]
Acquisition Date		Feb. 5, 2015
Real Estate Assets		$ 4,416,875
Intangibles		190,000
Total		4,606,875
Principal of Debt Issued or Assumed		2,340,000
Revenue	[1]	667,218
Property Operating Income	[2]	$ 428,452
Monterey Park | California
Business Acquisition [Line Items]
Acquisition Date		Feb. 5, 2015
Real Estate Assets		$ 4,236,875
Intangibles		190,000
Total		4,426,875
Principal of Debt Issued or Assumed		2,340,000
Revenue	[1]	482,731
Property Operating Income	[2]	$ 251,907
Huntington Beach | California
Business Acquisition [Line Items]
Acquisition Date		Feb. 5, 2015
Real Estate Assets		$ 10,316,875
Intangibles		560,000
Total		10,876,875
Principal of Debt Issued or Assumed		5,760,000
Revenue	[1]	841,183
Property Operating Income	[2]	$ 550,143
Lompoc | California
Business Acquisition [Line Items]
Acquisition Date		Feb. 5, 2015
Real Estate Assets		$ 3,746,875
Intangibles		290,000
Total		4,036,875
Principal of Debt Issued or Assumed		2,460,000
Revenue	[1]	508,933
Property Operating Income	[2]	$ 248,116
Aurora | Colorado
Business Acquisition [Line Items]
Acquisition Date		Feb. 5, 2015
Real Estate Assets		$ 6,716,875
Intangibles		620,000
Total		7,336,875
Principal of Debt Issued or Assumed		4,140,000
Revenue	[1]	503,657
Property Operating Income	[2]	$ 281,333
Everett | Washington
Business Acquisition [Line Items]
Acquisition Date		Feb. 5, 2015
Real Estate Assets		$ 4,966,875
Intangibles		230,000
Total		5,196,875
Principal of Debt Issued or Assumed		2,190,000
Revenue	[1]	476,990
Property Operating Income	[2]	$ 196,759
Whittier | California
Business Acquisition [Line Items]
Acquisition Date		Feb. 19, 2015
Real Estate Assets		$ 5,646,875
Intangibles		270,000
Total		5,916,875
Principal of Debt Issued or Assumed		3,330,000
Revenue	[1]	623,323
Property Operating Income	[2]	$ 333,470
Bloomingdale | Illinois
Business Acquisition [Line Items]
Acquisition Date		Feb. 19, 2015
Real Estate Assets		$ 4,666,874
Intangibles		330,000
Total		4,996,874
Principal of Debt Issued or Assumed		2,520,000
Revenue	[1]	323,982
Property Operating Income	[2]	$ 160,580
Warren | Michigan | Property One
Business Acquisition [Line Items]
Acquisition Date		May 8, 2015
Real Estate Assets		$ 3,196,875
Intangibles		240,000
Total		3,436,875
Principal of Debt Issued or Assumed		1,620,000
Revenue	[1]	328,826
Property Operating Income	[2]	$ 187,575
Warren | Michigan | Property Two
Business Acquisition [Line Items]
Acquisition Date		May 8, 2015
Real Estate Assets		$ 3,306,875
Intangibles		330,000
Total		3,636,875
Principal of Debt Issued or Assumed		2,040,000
Revenue	[1]	480,171
Property Operating Income	[2]	$ 311,680
Troy | Michigan
Business Acquisition [Line Items]
Acquisition Date		May 8, 2015
Real Estate Assets		$ 4,416,875
Intangibles		400,000
Total		4,816,875
Principal of Debt Issued or Assumed		2,880,000
Revenue	[1]	343,136
Property Operating Income	[2]	$ 190,639
Sterling Heights | Michigan
Business Acquisition [Line Items]
Acquisition Date		May 21, 2015
Real Estate Assets		$ 3,536,875
Intangibles		320,000
Total		3,856,875
Principal of Debt Issued or Assumed		2,190,000
Revenue	[1]	251,168
Property Operating Income	[2]	$ 114,146
Beverly | New Jersey
Business Acquisition [Line Items]
Acquisition Date		May 28, 2015
Real Estate Assets		$ 2,096,875
Intangibles		80,000
Total		2,176,875
Principal of Debt Issued or Assumed		1,365,000
Revenue	[1]	451,703
Property Operating Income	[2]	$ 229,891
Foley | Alabama
Business Acquisition [Line Items]
Acquisition Date		Sep. 11, 2015
Real Estate Assets		$ 7,615,000
Intangibles		350,000
Total		7,965,000
Principal of Debt Issued or Assumed		0
Revenue	[1]	290,184
Property Operating Income	[2]	$ 171,265
Tampa | Florida
Business Acquisition [Line Items]
Acquisition Date		Nov. 3, 2015
Real Estate Assets		$ 2,962,500
Intangibles		200,000
Total		3,162,500
Principal of Debt Issued or Assumed		0
Revenue	[1]	61,468
Property Operating Income	[2]	$ 14,446
Morrisville | North Carolina
Business Acquisition [Line Items]
Acquisition Date			Nov. 3, 2014
Real Estate Assets			$ 1,968,000
Intangibles			250,000
Total			2,218,000
Principal of Debt Issued or Assumed			1,216,000
Allocation of Debt Premium			88,000
Revenue	[1]		57,533
Property Operating Income	[2]		$ 29,825
Cary | North Carolina
Business Acquisition [Line Items]
Acquisition Date			Nov. 3, 2014
Real Estate Assets			$ 4,377,500
Intangibles			380,000
Total			4,757,500
Principal of Debt Issued or Assumed			2,610,000
Allocation of Debt Premium			187,500
Revenue	[1]		85,820
Property Operating Income	[2]		$ 56,170
Raleigh | North Carolina
Business Acquisition [Line Items]
Acquisition Date			Nov. 3, 2014
Real Estate Assets			$ 3,670,500
Intangibles			410,000
Total			4,080,500
Principal of Debt Issued or Assumed			2,238,000
Allocation of Debt Premium			160,500
Revenue	[1]		76,672
Property Operating Income	[2]		$ 42,563
Myrtle Beach I | South Carolina
Business Acquisition [Line Items]
Acquisition Date			Nov. 3, 2014
Real Estate Assets			$ 5,584,000
Intangibles			600,000
Total			6,184,000
Principal of Debt Issued or Assumed			3,392,000
Allocation of Debt Premium			244,000
Revenue	[1]		132,962
Property Operating Income	[2]		$ 89,847
Myrtle Beach II | South Carolina
Business Acquisition [Line Items]
Acquisition Date			Nov. 3, 2014
Real Estate Assets			$ 5,257,000
Intangibles			510,000
Total			5,767,000
Principal of Debt Issued or Assumed			3,163,000
Allocation of Debt Premium			227,000
Revenue	[1]		112,358
Property Operating Income	[2]		$ 72,799
[1]	The operating results of the facilities acquired above have been included in our statement of operations since their respective acquisition date.
[2]	Property operating income excludes corporate general and administrative expenses, asset management fees, interest expense, depreciation, amortization, and acquisition expenses.

Real Estate Facilities - Additi

Real Estate Facilities - Additional Information (Detail)	Dec. 31, 2015USD ($)Property	Dec. 31, 2015USD ($)Property	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)
Business Acquisition [Line Items]
Acquisition fees incurred to the advisor			$ 2,500,000	$ 400,000
Number of properties purchase price allocation adjusted | Property	33
Decrease in purchase price allocation, buildings	$ 132,546,249	$ 132,546,249	132,546,249	21,815,000
Decrease in purchase price allocation, intangible assets	8,020,000	8,020,000	8,020,000	1,192,000
Increase in purchase price allocation	3,755,709	$ 3,755,709	3,755,709
2014 Acquisitions
Business Acquisition [Line Items]
Number of properties purchase price allocation adjusted | Property		5
2015 Acquisitions
Business Acquisition [Line Items]
Number of properties purchase price allocation adjusted | Property		26
Adjustments for New Accounting Principle, Early Adoption [Member]
Business Acquisition [Line Items]
Increase in purchase price allocation				0	$ 60,000	$ 50,000	$ 25,000
Decrease in purchase price allocation, intangible amortization expense				$ (30,000)	$ (230,000)	$ (220,000)	$ (160,000)
Adjustments for New Accounting Principle, Early Adoption [Member] | 2014 Acquisitions
Business Acquisition [Line Items]
Number of properties purchase price allocation adjusted | Property		5
Increase in purchase price allocation, land	1,200,000	$ 1,200,000	1,200,000
Increase in purchase price allocation, site improvements	140,000	140,000	140,000
Decrease in purchase price allocation, buildings	(380,000)	(380,000)	(380,000)
Decrease in purchase price allocation, intangible assets	(960,000)	(960,000)	(960,000)
Increase in purchase price allocation	2,000	2,000	2,000
Decrease in purchase price allocation, intangible amortization expense	(180,000)	(180,000)	(180,000)
Adjustments for New Accounting Principle, Early Adoption [Member] | 2015 Acquisitions
Business Acquisition [Line Items]
Increase in purchase price allocation, land	1,200,000	1,200,000	1,200,000
Increase in purchase price allocation, site improvements	700,000	700,000	700,000
Decrease in purchase price allocation, buildings	4,200,000	4,200,000	4,200,000
Decrease in purchase price allocation, intangible assets	(6,100,000)	(6,100,000)	(6,100,000)
Increase in purchase price allocation	130,000	130,000	130,000
Decrease in purchase price allocation, intangible amortization expense	$ (450,000)	$ (450,000)	$ (450,000)

Secured Debt - Additional Infor

Secured Debt - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2015USD ($)PropertyExtension	Dec. 31, 2014Property	Mar. 08, 2016CAD	Feb. 18, 2016USD ($)	Dec. 22, 2015USD ($)	May. 21, 2015USD ($)
Debt Instrument [Line Items]
Mortgage loan, principal	$ 22,437,841
Operating Partnership
Debt Instrument [Line Items]
Notional amount for interest rate cap						$ 50,000,000
Effective interest rate cap on derivative instrument						5.25%
Subsequent Event
Debt Instrument [Line Items]
Notional amount for interest rate cap | CAD			CAD 42,500,000
Raleigh/Myrtle Beach Portfolio
Debt Instrument [Line Items]
Number of properties acquired | Property		5
Mortgage Loan | Raleigh/Myrtle Beach Portfolio
Debt Instrument [Line Items]
Mortgage loan, principal	$ 12,600,000
Mortgage loan, maturity date	Sep. 1, 2023
Mortgage loan, interest rate	5.73%
Prepayment lockout period	2 years
Minimum net worth maintained	$ 6,000,000
Aggregate minimum liquidity amount	$ 2,000,000
KeyBank Credit Facility
Debt Instrument [Line Items]
Maximum borrowings under credit facility					$ 71,300,000
Amended KeyBank Credit Facility
Debt Instrument [Line Items]
Maximum borrowings under credit facility					105,000,000
Additional borrowings under credit facility					395,000,000
Potential maximum borrowings under credit facility					500,000,000
Increment in borrowing capacity					$ 10,000,000
Line of credit facility, initial term	3 years
Line of credit facility, maturity date	Dec. 22, 2018
Line of credit facility, term of extension options	1 year
Line of credit facility, number of extension options | Extension	2
Line of credit facility, description	The Amended KeyBank Credit Facility is a revolving loan with an initial term of three years, maturing on December 22, 2018, with two one-year extension options subject to certain conditions outlined further in the credit agreement for the Amended KeyBank Credit Facility (the "Amended Credit Agreement"). Payments due pursuant to the Amended KeyBank Credit Facility are interest-only for the first 36 months and a 30-year amortization schedule thereafter.
Line of credit facility amortization schedule	30 years
Line of credit facility interest-only period	36 months
Line of credit facility, interest rate description	The Eurodollar Loans bear interest at the lesser of (a) the Adjusted LIBO Rate (as defined in the Amended Credit Agreement) for the Interest Period in effect plus the Applicable Rate, or (b) the Maximum Rate (as defined in the Amended Credit Agreement). The Applicable Rate corresponds to our total leverage, as specified in the Amended Credit Agreement. For any ABR Loans, the Applicable Rate is 125 basis points if our total leverage is less than 50%, and 150 basis points if our leverage is greater than 50%. For any Eurodollar Loan, the Applicable Rate is 225 basis points if our total leverage is less than 50% and 250 basis points if our total leverage is greater than 50%.
Number of Mortgaged Properties | Property	28
Percent of collateral properties used for aggregate borrowing capacity	60.00%
Minimum debt service coverage ratio	1.35%
Total leverage ratio	60.00%
Percentage of net proceeds of equity received	80.00%
Minimum interest service coverage ratio	1.85
Minimum fixed charge ratio	1.6
Ratio of varying rate indebtedness	30.00%
Percentage of required loan to value ratio	60.00%
Outstanding principal amount	$ 10,000,000
Amended KeyBank Credit Facility | Subsequent Event
Debt Instrument [Line Items]
Maximum borrowings under credit facility				$ 145,000,000
Additional borrowings under credit facility				$ 40,000,000
Amended KeyBank Credit Facility | Eurodollar Loan | Loans with Total Leverage Less Than 50%
Debt Instrument [Line Items]
Line of credit facility, applicable interest rate	2.25%
Amended KeyBank Credit Facility | Eurodollar Loan | Loans with Total Leverage Greater Than 50%
Debt Instrument [Line Items]
Line of credit facility, applicable interest rate	2.50%
Amended KeyBank Credit Facility | ABR Loan | Loans with Total Leverage Less Than 50%
Debt Instrument [Line Items]
Line of credit facility, applicable interest rate	1.25%
Amended KeyBank Credit Facility | ABR Loan | Loans with Total Leverage Greater Than 50%
Debt Instrument [Line Items]
Line of credit facility, applicable interest rate	1.50%

Future Principal Payment Requir

Future Principal Payment Requirements on Outstanding Secured Debt (Detail) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Long-term Debt, Fiscal Year Maturity
2,016	$ 174,449
2,017	186,921
2,018	10,198,075
2,019	209,893
2,020	220,483
2021 and thereafter	11,448,020
Total payments	22,437,841
Unamortized fair value adjustment	799,396
Total	23,237,237	$ 13,494,871
Total payments	$ 22,437,841

Preferred Equity - Additional I

Preferred Equity - Additional Information (Detail) - USD ($)	Nov. 09, 2015	Oct. 30, 2015	Sep. 23, 2015	Jul. 22, 2015	Dec. 31, 2015	Dec. 31, 2014	Nov. 03, 2014
Preferred Units [Line Items]
Redeemable preferred equity					$ 1,223,483	$ 73,514
Redemption of operating partnership units					$ 0
Number of preferred units outstanding					0
Distribution description					The holders of the Preferred Units received current distributions (the “Current Distributions”) at a rate of a one-month LIBOR plus 6.5% per annum on the Liquidation Amount, payable monthly and calculated on an actual/360 basis. In addition to the Current Distributions, our Operating Partnership had the obligation to elect either (A) to pay the holder of the Preferred Units additional distributions monthly in an amount equal to: (i) 4.35% per annum of the Liquidation Amount through March 31, 2017; and (ii) beginning April 1, 2017, 6.35% per annum of the Liquidation Amount or (B) defer the additional distributions ( the “Deferred Distributions”) in an amount that accumulated monthly in an amount equal to (i) LIBOR plus 10.85% of the Deferred Distributions through March 31, 2017; and (ii) beginning April 1, 2017, LIBOR plus 12.85% of the Deferred Distributions.
Preferred Units
Preferred Units [Line Items]
Redemption of operating partnership units (Shares)	800,000	1,000,000	340,000	240,000
Redemption of operating partnership units	$ 22,000,000	$ 25,000,000	$ 8,500,000	$ 6,000,000
Current Distributions
Preferred Units [Line Items]
Distribution rate					6.50%
Additional Distributions | March 31, 2017
Preferred Units [Line Items]
Distribution rate description					4.35% per annum of the Liquidation Amount
Distribution rate					4.35%
Additional Distributions | April 1, 2017
Preferred Units [Line Items]
Distribution rate description					6.35% per annum of the Liquidation Amount
Distribution rate					6.35%
Deferred Distributions | March 31, 2017
Preferred Units [Line Items]
Distribution rate					10.85%
Deferred Distributions | April 1, 2017
Preferred Units [Line Items]
Distribution rate					12.85%
LIBOR | Current Distributions
Preferred Units [Line Items]
Distribution rate description					LIBOR plus 6.5%
LIBOR | Deferred Distributions | March 31, 2017
Preferred Units [Line Items]
Distribution rate description					LIBOR plus 10.85%
LIBOR | Deferred Distributions | April 1, 2017
Preferred Units [Line Items]
Distribution rate description					LIBOR plus 12.85%
Raleigh/Myrtle Beach Portfolio | SSTI Preferred Investor LLC
Preferred Units [Line Items]
Preferred investor received							2,400,000
Preferred investor investment in operating partnership							$ 59,500,000
Unit Purchase Agreement
Preferred Units [Line Items]
Liquidation preference							$ 25
Unit Purchase Agreement | Maximum
Preferred Units [Line Items]
Redeemable preferred equity							$ 65,000,000
Preferred investor received							2,600,000

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($)	Oct. 01, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Maximum period for reimbursement of offering cost		60 days
Maximum offering cost rate		3.50%
Percentage of non-voting equity owned		15.00%
Related party costs				$ 0
Tenant Insurance Program
Related Party Transaction [Line Items]
Percentage of tenant premium paid approximately, fees provided by program insurer		50.00%
Revenue recorded in connection with reinsurance program		$ 260,000	$ 12,000
Advisory Agreement
Related Party Transaction [Line Items]
Maximum period for reimbursement of offering cost		60 days
Maximum offering cost rate		3.50%
Gross proceeds from offering, threshold percentage of expenses for reimbursement		15.00%
Rate of acquisition fees of purchase price of contract		1.75%
Monthly asset management fee		0.05208%
Monthly asset management fee one twelfth of less than one percentage of average invested assets		One-twelfth of 0.625%
Disposition fees percentage of sale price of property		1.00%
Operating expenses reimbursement percentage of average investment in assets		2.00%
Operating expenses reimbursement percentage of net income		25.00%
Operating expenses exceed limitation		12 months
Maximum days for disclosure fact		60 days
Percentage owned by affiliate		2.50%
Advisory Agreement | Maximum
Related Party Transaction [Line Items]
Commission percentage of sale price of property		6.00%
Dealer Manager
Related Party Transaction [Line Items]
Maximum dealer manager commission fee percentage of proceeds from Primary Offering		3.00%
Underwriting commission		10.00%
Dealer Manager | Class A Common stock
Related Party Transaction [Line Items]
Sale commission fees percentage of proceed from Primary Offering		7.00%
Dealer Manager | Class T Common stock
Related Party Transaction [Line Items]
Sale commission fees percentage of proceed from Primary Offering		2.00%
Monthly stockholder servicing fee accrual description		1/365th of 1% of the purchase price per share
SmartStop Asset Management
Related Party Transaction [Line Items]
Percentage of non-voting equity owned	15.00%
Property Management Agreement
Related Party Transaction [Line Items]
Percentage of fee of property manager		6.00%
One time fee for property manager		$ 3,750
Construction management fee		5.00%
Cost of construction or capital improvement work		$ 10,000
Property administration fee		$ 0.50
Property management agreement termination description		The property management agreements have a three year term and automatically renew for successive one year periods thereafter, unless we or our Property Manager provides prior written notice at least 90 days prior to the expiration of the term. We may terminate a property management agreement without cause at any time during the initial three year term if we pay the Property Manager a termination fee equal to the Set-Up Amount, reduced by 1/36th of the Set-Up Amount for every full month of the term. After the end of the initial three year term, we may terminate a property management agreement on 30 days prior written notice without payment of a termination fee. Our Property Manager may terminate a property management agreement on 60 days prior written notice to us.
Agreement date	Oct. 1, 2015
Property Management Agreement | Maximum
Related Party Transaction [Line Items]
Property management monthly management fee	$ 2,500
Property management monthly management fee percentage on gross revenue	6.00%
Signage and set-up costs associated with converting each property to extra space brand	$ 25,000
Property Management Agreement | Minimum
Related Party Transaction [Line Items]
Our property management fee		$ 3,000
Strategic Storage Trust Sub Property Management Limited Liability Company
Related Party Transaction [Line Items]
Property management agreement termination description		The sub-property management agreements also have a three year term and automatically renew for successive one year periods thereafter, unless our Property Manager or Extra Space provides prior written notice at least 90 days prior to the expiration of the term. Our Property Manager may terminate the sub-property management agreement without cause at any time during the initial three year term if it pays Extra Space a termination fee equal to the Set-Up Amount, reduced by 1/36th of the Set-Up Amount for every full month of the term. After the end of the initial three year term, our Property Manager may terminate a sub-property management agreement on 30 days prior written notice without payment of a termination fee. Extra Space may terminate a property management agreement on 60 days prior written notice to our Property Manager.
Strategic Storage Trust Sub Property Management Limited Liability Company | Maximum
Related Party Transaction [Line Items]
Property management monthly management fee	$ 2,500
Property management monthly management fee percentage on gross revenue	6.00%
Primary Offering Dealer Manager Agreement | Class A Common stock
Related Party Transaction [Line Items]
Percentage of gross proceeds from sale of shares		10.00%
Primary Offering Dealer Manager Agreement | Class T Common stock
Related Party Transaction [Line Items]
Percentage of gross proceeds from sale of shares		10.00%

Summary of Related Party Costs

Summary of Related Party Costs (Detail) - USD ($)		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Related party costs, Incurred		$ 25,164,607	$ 6,447,370
Related party costs, Paid		29,280,359	2,123,135
Related party costs, Payable		208,483	4,324,235
Operating expenses (including organizational costs)
Related Party Transaction [Line Items]
Related party costs, Incurred		1,200,003	862,827
Related party costs, Paid		1,988,533	26,326
Related party costs, Payable		47,971	836,501
Asset management fees
Related Party Transaction [Line Items]
Related party costs, Incurred		865,757	22,254
Related party costs, Paid		888,011	0
Related party costs, Payable		0	22,254
Property management fees
Related Party Transaction [Line Items]
Related party costs, Incurred	[1]	1,259,135	47,287
Related party costs, Paid	[1]	1,306,422	0
Related party costs, Payable	[1]	0	47,287
Acquisition expenses
Related Party Transaction [Line Items]
Related party costs, Incurred		2,776,679	1,089,783
Related party costs, Paid		3,479,712	386,750
Related party costs, Payable		0	703,033
Debt issuance costs
Related Party Transaction [Line Items]
Related party costs, Incurred		214,006	441,873
Related party costs, Paid		655,879	0
Related party costs, Payable		0	441,873
Other assets
Related Party Transaction [Line Items]
Related party costs, Incurred		77,556	461,492
Related party costs, Paid		539,048	0
Related party costs, Payable		0	461,492
Selling commissions
Related Party Transaction [Line Items]
Related party costs, Incurred		14,761,271	1,201,157
Related party costs, Paid		14,761,271	1,201,157
Related party costs, Payable		0	0
Dealer Manager fee
Related Party Transaction [Line Items]
Related party costs, Incurred		3,690,318	514,781
Related party costs, Paid		3,535,685	508,902
Related party costs, Payable		160,512	5,879
Offering costs
Related Party Transaction [Line Items]
Related party costs, Incurred		319,882	1,805,916
Related party costs, Paid		2,125,798	0
Related party costs, Payable		$ 0	$ 1,805,916
[1]	During the years ended December 31, 2015 and 2014, property management fees included approximately $0.3 million and none, respectively, of fees paid to the sub-property manager of our properties

Summary of Related Party Cost40

Summary of Related Party Costs (Parenthetical) (Detail) - USD ($)		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Related party costs, Incurred		$ 25,164,607	$ 6,447,370
Property management fees
Related Party Transaction [Line Items]
Related party costs, Incurred	[1]	1,259,135	$ 47,287
Sub-property manager | Property management fees
Related Party Transaction [Line Items]
Related party costs, Incurred		$ 300,000
[1]	During the years ended December 31, 2015 and 2014, property management fees included approximately $0.3 million and none, respectively, of fees paid to the sub-property manager of our properties

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	1 Months Ended		12 Months Ended
	Jan. 31, 2016	Jul. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Commitments and Contingencies [Line Items]
Redemptions of common stock (in shares)		1,750		0
Share Redemption Program
Commitments and Contingencies [Line Items]
Amendment, suspension or termination period of share			30 days
Maximum weighted-average number of shares outstanding percentage			5.00%
Share Redemption Program | Minimum
Commitments and Contingencies [Line Items]
Shareholders share holding period			1 year
Distribution Reinvestment Plan
Commitments and Contingencies [Line Items]
Percentage of offering price under distribution reinvestment plan			95.00%
Amendment, suspension or termination period for distribution reinvestment Plan			10 days
Sales commission or dealer manager fee payable			$ 0
Class A Common stock | Distribution Reinvestment Plan
Commitments and Contingencies [Line Items]
Shares issued pursuant to distribution reinvestment plan			132,000
Class T Common stock | Distribution Reinvestment Plan
Commitments and Contingencies [Line Items]
Shares issued pursuant to distribution reinvestment plan			64
Subsequent Event
Commitments and Contingencies [Line Items]
Redemptions of common stock (in shares)	1,095

Stock for Redemptions Based on

Stock for Redemptions Based on Number of Years Stock Held (Detail)	12 Months Ended
	Dec. 31, 2015
Less than 1
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Redemption price	0.00%
1 or more but less than 3
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Redemption price	90.00%
3 or more but less than 4
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Redemption price	95.00%
4 or more
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Redemption price	100.00%

Declaration of Distributions -

Declaration of Distributions - Additional Information (Detail)	Dec. 03, 2015$ / shares
Class A Common stock
Dividend Declared [Line Items]
Common stock per share outstanding per day declared	$ 0.0016393443
Cash distribution record date start	Jan. 1, 2016
Cash distribution record date end	Mar. 31, 2016
Class T Common stock
Dividend Declared [Line Items]
Common stock per share outstanding per day declared	$ 0.0016393443
Cash distribution record date start	Jan. 1, 2016
Cash distribution record date end	Mar. 31, 2016

Summary of Consolidated Results

Summary of Consolidated Results of Operations on Pro Forma Basis (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition, Pro Forma Information [Abstract]
Pro forma revenue	$ 21,017,312	$ 19,674,346
Pro forma operating expenses	19,783,189	21,687,080
Pro forma net loss attributable to common stockholders	$ (9,194,927)	$ (13,171,002)

Pro Forma Financial Informati45

Pro Forma Financial Information - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition, Pro Forma Information [Abstract]
Pro forma acquisition related expenses	$ 3.4	$ 1.3

Selected Quarterly Data - Summa

Selected Quarterly Data - Summary of Quarterly Financial Information (Detail) - USD ($)	3 Months Ended									12 Months Ended
	Dec. 31, 2015	[1]	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule Of Quarterly Financial Information [Line Items]
Total revenues	$ 5,356,983		$ 5,053,724	$ 4,488,212	$ 3,006,780	$ 465,345	$ 0	$ 0	$ 0	$ 17,905,699	$ 465,345	$ 0
Total operating expenses	5,454,605		5,989,195	5,613,146	5,925,633	1,356,884	498,335	866,991	0	22,982,579	2,722,210	0
Operating loss	(97,622)		(935,471)	(1,124,934)	(2,918,853)	(891,539)	(498,335)	(866,991)	0	(5,076,880)	(2,256,865)	0
Net loss	(1,511,945)		(1,854,575)	(1,990,815)	(3,580,205)	(996,259)	(498,335)	(866,991)	0	$ (8,937,541)	$ (2,361,585)	$ 0
Net loss attributable to the Company	$ (2,534,121)		$ (3,739,454)	$ (4,037,637)	$ (4,979,729)	$ (1,124,645)	$ (482,603)	$ (789,137)	$ 0
Class A Common stock
Schedule Of Quarterly Financial Information [Line Items]
Net loss per share-basic and diluted	$ (0.18)		$ (0.82)	$ (1.36)	$ (2.26)	$ (0.84)	$ (0.77)	$ (7.90)	$ 0	$ (2.56)	$ (4.59)	$ 0
Class T Common stock
Schedule Of Quarterly Financial Information [Line Items]
Net loss per share-basic and diluted	$ (0.18)		$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ (2.56)	$ 0	$ 0
[1]	Includes a net decrease of approximately $500,000 of depreciation and amortization expense related to the finalization of purchase price allocations.

Selected Quarterly Data - Sum47

Selected Quarterly Data - Summary of Quarterly Financial Information (Parenthetical) (Detail)	3 Months Ended
	Dec. 31, 2015USD ($)
Quarterly Financial Information Disclosure [Abstract]
Net decrease in depreciation and amortization expense	$ 500,000

Selected Quarterly Data - Addit

Selected Quarterly Data - Additional Information (Detail)	Dec. 31, 2015USD ($)Property	Dec. 31, 2015USD ($)Property	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Schedule Of Quarterly Financial Information [Line Items]
Number of properties | Property	33
Increase in purchase price allocation, depreciation	$ 3,755,709	$ 3,755,709
2014 Acquisitions
Schedule Of Quarterly Financial Information [Line Items]
Number of properties | Property		5
2015 Acquisitions
Schedule Of Quarterly Financial Information [Line Items]
Number of properties | Property		26
Adjustments for New Accounting Principle, Early Adoption [Member]
Schedule Of Quarterly Financial Information [Line Items]
Increase in purchase price allocation, depreciation			$ 60,000	$ 50,000	$ 25,000	$ 0
Decrease in purchase price allocation, intangible amortization expense			$ (230,000)	$ (220,000)	$ (160,000)	$ (30,000)
Adjustments for New Accounting Principle, Early Adoption [Member] | 2014 Acquisitions
Schedule Of Quarterly Financial Information [Line Items]
Number of properties | Property		5
Increase in purchase price allocation, depreciation	2,000	$ 2,000
Decrease in purchase price allocation, intangible amortization expense	(180,000)	(180,000)
Adjustments for New Accounting Principle, Early Adoption [Member] | 2015 Acquisitions
Schedule Of Quarterly Financial Information [Line Items]
Increase in purchase price allocation, depreciation	130,000	130,000
Decrease in purchase price allocation, intangible amortization expense	$ (450,000)	$ (450,000)

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail)

Mar. 25, 2016USD ($)Property

Mar. 22, 2016$ / shares

Mar. 21, 2016USD ($)shares

Mar. 09, 2016USD ($)

Mar. 08, 2016CAD

Mar. 02, 2016USD ($)

Feb. 29, 2016USD ($)Property

Feb. 11, 2016USD ($)Property

Feb. 04, 2016USD ($)

Jan. 11, 2016USD ($)Property

Jan. 07, 2016USD ($)

Dec. 31, 2015USD ($)Property

Dec. 03, 2015$ / shares

Jun. 10, 2014USD ($)

Oct. 15, 2013USD ($)

Dec. 31, 2015USD ($)shares

Dec. 31, 2014USD ($)shares

Dec. 31, 2013shares

Feb. 18, 2016USD ($)

Dec. 22, 2015USD ($)

Subsequent Event [Line Items]

Number of self storage facilities | Property

33

Debt outstanding principal amount

$ 22,437,841

$ 22,437,841

Acquisition fees incurred to the advisor

2,500,000

$ 400,000

Amended KeyBank Credit Facility

Subsequent Event [Line Items]

Maximum borrowings under credit facility

$ 105,000,000

Principal amount of loan

10,000,000

$ 10,000,000

Additional borrowing capacity

$ 395,000,000

Burlington Loan | Toronto Portfolio

Subsequent Event [Line Items]

Liabilities assumed on acquisition

$ 6,900,000

Liabilities assumed on acquisition, fixed rate

4,700,000

Liabilities assumed on acquisition, floating rate

$ 2,200,000

Fixed interest rate

6.05%

Maturity date of loan

Oct. 15, 2018

Percentage of guarantee executed

50.00%

Burlington Loan | Canadian Dollar Offered Rate [Member] | Toronto Portfolio

Subsequent Event [Line Items]

Basis spread on variable rate

4.05%

Milton Loan | Toronto Portfolio

Subsequent Event [Line Items]

Liabilities assumed on acquisition

$ 4,800,000

Maturity date of loan

Oct. 15, 2018

Percentage of guarantee executed

50.00%

Loan interest rate

5.81%

Oakville Loan | Toronto Portfolio

Subsequent Event [Line Items]

Maturity date of loan

Dec. 31, 2017

Maximum borrowings under credit facility

10,800,000

$ 10,800,000

Debt outstanding principal amount

7,100,000

7,100,000

Balance amount of loan

3,700,000

3,700,000

Guarantor obligations

$ 7,200,000

$ 7,200,000

Oakville Loan | Prime Rate [Member] | Toronto Portfolio

Subsequent Event [Line Items]

Basis spread on variable rate

1.75%

Class A Common stock

Subsequent Event [Line Items]

Common stock per share outstanding per day declared | $ / shares

$ 0.0016393443

Cash distribution record date start

Jan. 1, 2016

Cash distribution record date end

Mar. 31, 2016

Class A Common stock | Common Stock

Subsequent Event [Line Items]

Common stock issued in connection with Offering | shares

18,797,161

1,757,677

100

Gross proceeds from issuance of common stock

$ 206,100,000

Class T Common stock

Subsequent Event [Line Items]

Common stock per share outstanding per day declared | $ / shares

$ 0.0016393443

Cash distribution record date start

Jan. 1, 2016

Cash distribution record date end

Mar. 31, 2016

Class T Common stock | Common Stock

Subsequent Event [Line Items]

Common stock issued in connection with Offering | shares

608,918

0

Gross proceeds from issuance of common stock

$ 5,800,000

Subsequent Event

Subsequent Event [Line Items]

Derivative, notional amount | CAD

CAD 42,500,000

Duration of derivative

12 months

Forward rate of derivative

1.339

Derivative, description

On March 8, 2016 we entered into a foreign currency forward contract (the “Forward Contract”) in order to hedge foreign currency exposure related to our investment in subsidiaries that hold properties we recently acquired in Canada. A foreign currency forward contract is a commitment to deliver a certain amount of currency at a certain price on a specific date in the future. By entering into the Forward Contract and holding it to maturity, we are locked into a future currency exchange rate in an amount equal to and for the term of the Forward Contract. The Forward Contract has a notional amount of $42.5 million CAD, a duration of 12 months, and a forward rate of approximately 1.339.

Subsequent Event | Boynton Beach Property Acquisition

Subsequent Event [Line Items]

Business acquisition purchase price

$ 17,900,000

Business combination acquisition fee paid

$ 300,000

Subsequent Event | Lancaster Property Acquisition

Subsequent Event [Line Items]

Business acquisition purchase price

$ 4,700,000

Business combination acquisition fee paid

$ 80,000

Number of self storage facilities | Property

1

Subsequent Event | Toronto Portfolio

Subsequent Event [Line Items]

Business acquisition purchase price

$ 38,200,000

Business combination acquisition fee paid

$ 670,000

Number of self storage facilities | Property

3

Subsequent Event | Appleby Portfolio

Subsequent Event [Line Items]

Business acquisition purchase price

$ 21,400,000

Number of self storage facilities | Property

2

Maturity date of loan

Feb. 28, 2021

Acquisition fees incurred to the advisor

$ 370,000

Period to provide written notice

30 days

Minimum net worth maintained

$ 50,000,000

Loan Agreement guarantee percentage

20.00%

Subsequent Event | Seven Properties

Subsequent Event [Line Items]

Business acquisition purchase price

$ 18,000,000

Subsequent Event | Potential Acquisition of Port St Lucie Property [Member]

Subsequent Event [Line Items]

Business acquisition purchase price

$ 9,800,000

Subsequent Event | Potential Acquisition Of Sacramento Property [Member]

Subsequent Event [Line Items]

Business acquisition purchase price

$ 8,200,000

Subsequent Event | Potential Acquisition of Oakland Portfolio

Subsequent Event [Line Items]

Business acquisition purchase price

$ 50,000,000

Number of self storage facilities | Property

2

Subsequent Event | Potential Acquisition of 27 Property Portfolio [Member]

Subsequent Event [Line Items]

Business acquisition purchase price

$ 371,000,000

Number of self storage facilities | Property

22

Subsequent Event | Prior To March 31, 2018 [Member] | Appleby Portfolio | Maximum

Subsequent Event [Line Items]

Debt service coverage ratio

125.00%

Subsequent Event | Prior To March 31, 2018 [Member] | Appleby Portfolio | Minimum

Subsequent Event [Line Items]

Debt service coverage ratio

100.00%

Subsequent Event | Thereafter March 31, 2018 [Member] | Appleby Portfolio | Maximum

Subsequent Event [Line Items]

Debt service coverage ratio

130.00%

Subsequent Event | Thereafter March 31, 2018 [Member] | Appleby Portfolio | Minimum

Subsequent Event [Line Items]

Debt service coverage ratio

100.00%

Subsequent Event | Amended KeyBank Credit Facility

Subsequent Event [Line Items]

Maximum borrowings under credit facility

$ 145,000,000

Additional borrowing capacity

$ 40,000,000

Subsequent Event | Canadian Dollar Offered Rate [Member] | Appleby Portfolio

Subsequent Event [Line Items]

Basis spread on variable rate

2.50%

Subsequent Event | Fifth Third Loan Agreement | Appleby Portfolio

Subsequent Event [Line Items]

Principal amount of loan

$ 12,400,000

Subsequent Event | Class A Common stock

Subsequent Event [Line Items]

Common stock per share outstanding per day declared | $ / shares

$ 0.0016393443

Common stock shares outstanding distribution percentage

6.00%

Common stock purchase price per share | $ / shares

$ 10

Cash distribution record date start

Apr. 1, 2016

Cash distribution record date end

Jun. 30, 2016

Subsequent Event | Class A Common stock | Common Stock

Subsequent Event [Line Items]

Common stock issued in connection with Offering | shares

29,400,000

Gross proceeds from issuance of common stock

$ 292,600,000

Subsequent Event | Class T Common stock

Subsequent Event [Line Items]

Common stock per share outstanding per day declared | $ / shares

$ 0.0016393443

Common stock shares outstanding distribution percentage

6.34%

Common stock purchase price per share | $ / shares

$ 9.47

Cash distribution record date start

Apr. 1, 2016

Cash distribution record date end

Jun. 30, 2016

Subsequent Event | Class T Common stock | Common Stock

Subsequent Event [Line Items]

Common stock issued in connection with Offering | shares

1,500,000

Gross proceeds from issuance of common stock

$ 14,600,000

Schedule III Real Estate Asset

Schedule III Real Estate Asset and Accumulated Depreciation (Detail)	12 Months Ended
	Dec. 31, 2015USD ($)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 22,437,841
Initial Cost to Company, Land	47,653,000
Initial Cost to Company, Buildings and Improvements	106,708,249
Initial Cost to Company, Total	154,361,249
Net Cost Capitalized Subsequent to Acquisition	1,883,301
Gross Carrying Amount, Land	47,653,000
Gross Carrying Amount, Buildings and Improvements	108,591,550
Gross Carrying Amount, Total	156,244,550
Accumulated Depreciation	3,755,709
Morrisville | North Carolina
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,198,757
Initial Cost to Company, Land	531,000
Initial Cost to Company, Buildings and Improvements	1,891,000
Initial Cost to Company, Total	2,422,000
Net Cost Capitalized Subsequent to Acquisition	88,983
Gross Carrying Amount, Land	531,000
Gross Carrying Amount, Buildings and Improvements	1,979,983
Gross Carrying Amount, Total	2,510,983
Accumulated Depreciation	$ 83,708
Date of Construction	2,004
Date Acquired	Nov. 3, 2014
Cary | North Carolina
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,571,986
Initial Cost to Company, Land	1,064,000
Initial Cost to Company, Buildings and Improvements	3,301,000
Initial Cost to Company, Total	4,365,000
Net Cost Capitalized Subsequent to Acquisition	46,214
Gross Carrying Amount, Land	1,064,000
Gross Carrying Amount, Buildings and Improvements	3,347,214
Gross Carrying Amount, Total	4,411,214
Accumulated Depreciation	$ 141,441
Date of Construction	1998/2005/2006
Date Acquired	Nov. 3, 2014
Raleigh | North Carolina
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,206,165
Initial Cost to Company, Land	1,186,000
Initial Cost to Company, Buildings and Improvements	2,540,000
Initial Cost to Company, Total	3,726,000
Net Cost Capitalized Subsequent to Acquisition	57,844
Gross Carrying Amount, Land	1,186,000
Gross Carrying Amount, Buildings and Improvements	2,597,844
Gross Carrying Amount, Total	3,783,844
Accumulated Depreciation	$ 127,964
Date of Construction	1,999
Date Acquired	Nov. 3, 2014
Myrtle Beach I | South Carolina
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 3,343,018
Initial Cost to Company, Land	1,482,000
Initial Cost to Company, Buildings and Improvements	4,476,000
Initial Cost to Company, Total	5,958,000
Net Cost Capitalized Subsequent to Acquisition	113,317
Gross Carrying Amount, Land	1,482,000
Gross Carrying Amount, Buildings and Improvements	4,589,317
Gross Carrying Amount, Total	6,071,317
Accumulated Depreciation	$ 196,827
Date of Construction	1998/2005-2007
Date Acquired	Nov. 3, 2014
Myrtle Beach II | South Carolina
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 3,117,914
Initial Cost to Company, Land	1,690,000
Initial Cost to Company, Buildings and Improvements	3,654,000
Initial Cost to Company, Total	5,344,000
Net Cost Capitalized Subsequent to Acquisition	65,715
Gross Carrying Amount, Land	1,690,000
Gross Carrying Amount, Buildings and Improvements	3,719,715
Gross Carrying Amount, Total	5,409,715
Accumulated Depreciation	$ 165,230
Date of Construction	1999/2006
Date Acquired	Nov. 3, 2014
Whittier | California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 442,513
Initial Cost to Company, Land	2,730,000
Initial Cost to Company, Buildings and Improvements	2,916,875
Initial Cost to Company, Total	5,646,875
Net Cost Capitalized Subsequent to Acquisition	70,514
Gross Carrying Amount, Land	2,730,000
Gross Carrying Amount, Buildings and Improvements	2,987,389
Gross Carrying Amount, Total	5,717,389
Accumulated Depreciation	$ 109,586
Date of Construction	1,989
Date Acquired	Feb. 18, 2015
La Verne | California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 312,428
Initial Cost to Company, Land	1,950,000
Initial Cost to Company, Buildings and Improvements	2,036,875
Initial Cost to Company, Total	3,986,875
Net Cost Capitalized Subsequent to Acquisition	48,802
Gross Carrying Amount, Land	1,950,000
Gross Carrying Amount, Buildings and Improvements	2,085,677
Gross Carrying Amount, Total	4,035,677
Accumulated Depreciation	$ 86,027
Date of Construction	1,986
Date Acquired	Jan. 23, 2015
Santa Ana | California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 697,196
Initial Cost to Company, Land	4,890,000
Initial Cost to Company, Buildings and Improvements	4,006,875
Initial Cost to Company, Total	8,896,875
Net Cost Capitalized Subsequent to Acquisition	79,368
Gross Carrying Amount, Land	4,890,000
Gross Carrying Amount, Buildings and Improvements	4,086,243
Gross Carrying Amount, Total	8,976,243
Accumulated Depreciation	$ 156,474
Date of Construction	1,978
Date Acquired	Feb. 5, 2015
Upland | California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 467,589
Initial Cost to Company, Land	2,950,000
Initial Cost to Company, Buildings and Improvements	3,016,875
Initial Cost to Company, Total	5,966,875
Net Cost Capitalized Subsequent to Acquisition	65,035
Gross Carrying Amount, Land	2,950,000
Gross Carrying Amount, Buildings and Improvements	3,081,910
Gross Carrying Amount, Total	6,031,910
Accumulated Depreciation	$ 120,812
Date of Construction	1,979
Date Acquired	Jan. 29, 2015
La Habra | California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 346,125
Initial Cost to Company, Land	2,060,000
Initial Cost to Company, Buildings and Improvements	2,356,875
Initial Cost to Company, Total	4,416,875
Net Cost Capitalized Subsequent to Acquisition	29,840
Gross Carrying Amount, Land	2,060,000
Gross Carrying Amount, Buildings and Improvements	2,386,715
Gross Carrying Amount, Total	4,446,715
Accumulated Depreciation	$ 80,604
Date of Construction	1,981
Date Acquired	Feb. 5, 2015
Monterey Park | California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 332,019
Initial Cost to Company, Land	2,020,000
Initial Cost to Company, Buildings and Improvements	2,216,875
Initial Cost to Company, Total	4,236,875
Net Cost Capitalized Subsequent to Acquisition	51,694
Gross Carrying Amount, Land	2,020,000
Gross Carrying Amount, Buildings and Improvements	2,268,569
Gross Carrying Amount, Total	4,288,569
Accumulated Depreciation	$ 72,211
Date of Construction	1,987
Date Acquired	Feb. 5, 2015
Huntington Beach | California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 808,473
Initial Cost to Company, Land	5,460,000
Initial Cost to Company, Buildings and Improvements	4,856,875
Initial Cost to Company, Total	10,316,875
Net Cost Capitalized Subsequent to Acquisition	69,502
Gross Carrying Amount, Land	5,460,000
Gross Carrying Amount, Buildings and Improvements	4,926,377
Gross Carrying Amount, Total	10,386,377
Accumulated Depreciation	$ 179,856
Date of Construction	1,986
Date Acquired	Feb. 5, 2015
Chico | California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 136,109
Initial Cost to Company, Land	400,000
Initial Cost to Company, Buildings and Improvements	1,336,875
Initial Cost to Company, Total	1,736,875
Net Cost Capitalized Subsequent to Acquisition	25,705
Gross Carrying Amount, Land	400,000
Gross Carrying Amount, Buildings and Improvements	1,362,580
Gross Carrying Amount, Total	1,762,580
Accumulated Depreciation	$ 49,909
Date of Construction	1,984
Date Acquired	Jan. 23, 2015
Lancaster | California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 134,541
Initial Cost to Company, Land	200,000
Initial Cost to Company, Buildings and Improvements	1,516,875
Initial Cost to Company, Total	1,716,875
Net Cost Capitalized Subsequent to Acquisition	58,408
Gross Carrying Amount, Land	200,000
Gross Carrying Amount, Buildings and Improvements	1,575,283
Gross Carrying Amount, Total	1,775,283
Accumulated Depreciation	$ 63,952
Date of Construction	1,980
Date Acquired	Jan. 29, 2015
Riverside | California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 211,338
Initial Cost to Company, Land	370,000
Initial Cost to Company, Buildings and Improvements	2,326,875
Initial Cost to Company, Total	2,696,875
Net Cost Capitalized Subsequent to Acquisition	46,883
Gross Carrying Amount, Land	370,000
Gross Carrying Amount, Buildings and Improvements	2,373,758
Gross Carrying Amount, Total	2,743,758
Accumulated Depreciation	$ 85,830
Date of Construction	1,985
Date Acquired	Jan. 23, 2015
Fairfield | California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 288,135
Initial Cost to Company, Land	730,000
Initial Cost to Company, Buildings and Improvements	2,946,875
Initial Cost to Company, Total	3,676,875
Net Cost Capitalized Subsequent to Acquisition	28,506
Gross Carrying Amount, Land	730,000
Gross Carrying Amount, Buildings and Improvements	2,975,381
Gross Carrying Amount, Total	3,705,381
Accumulated Depreciation	$ 110,100
Date of Construction	1,984
Date Acquired	Jan. 23, 2015
Lompoc | California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 293,621
Initial Cost to Company, Land	1,000,000
Initial Cost to Company, Buildings and Improvements	2,746,875
Initial Cost to Company, Total	3,746,875
Net Cost Capitalized Subsequent to Acquisition	47,068
Gross Carrying Amount, Land	1,000,000
Gross Carrying Amount, Buildings and Improvements	2,793,943
Gross Carrying Amount, Total	3,793,943
Accumulated Depreciation	$ 99,532
Date of Construction	1,982
Date Acquired	Feb. 5, 2015
Santa Rosa | California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 773,209
Initial Cost to Company, Land	3,150,000
Initial Cost to Company, Buildings and Improvements	6,716,875
Initial Cost to Company, Total	9,866,875
Net Cost Capitalized Subsequent to Acquisition	67,778
Gross Carrying Amount, Land	3,150,000
Gross Carrying Amount, Buildings and Improvements	6,784,653
Gross Carrying Amount, Total	9,934,653
Accumulated Depreciation	$ 251,399
Date of Construction	1979-1981
Date Acquired	Jan. 29, 2015
Vallejo | California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 990,000
Initial Cost to Company, Buildings and Improvements	3,946,875
Initial Cost to Company, Total	4,936,875
Net Cost Capitalized Subsequent to Acquisition	60,847
Gross Carrying Amount, Land	990,000
Gross Carrying Amount, Buildings and Improvements	4,007,722
Gross Carrying Amount, Total	4,997,722
Accumulated Depreciation	$ 145,671
Date of Construction	1,981
Date Acquired	Jan. 29, 2015
Federal Heights | Colorado
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 348,476
Initial Cost to Company, Land	1,100,000
Initial Cost to Company, Buildings and Improvements	3,346,875
Initial Cost to Company, Total	4,446,875
Net Cost Capitalized Subsequent to Acquisition	58,584
Gross Carrying Amount, Land	1,100,000
Gross Carrying Amount, Buildings and Improvements	3,405,459
Gross Carrying Amount, Total	4,505,459
Accumulated Depreciation	$ 140,212
Date of Construction	1,983
Date Acquired	Jan. 29, 2015
Aurora | Colorado
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 526,362
Initial Cost to Company, Land	810,000
Initial Cost to Company, Buildings and Improvements	5,906,875
Initial Cost to Company, Total	6,716,875
Net Cost Capitalized Subsequent to Acquisition	51,948
Gross Carrying Amount, Land	810,000
Gross Carrying Amount, Buildings and Improvements	5,958,823
Gross Carrying Amount, Total	6,768,823
Accumulated Depreciation	$ 211,718
Date of Construction	1,984
Date Acquired	Feb. 5, 2015
Littleton | Colorado
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 324,183
Initial Cost to Company, Land	1,680,000
Initial Cost to Company, Buildings and Improvements	2,456,875
Initial Cost to Company, Total	4,136,875
Net Cost Capitalized Subsequent to Acquisition	27,361
Gross Carrying Amount, Land	1,680,000
Gross Carrying Amount, Buildings and Improvements	2,484,236
Gross Carrying Amount, Total	4,164,236
Accumulated Depreciation	$ 95,128
Date of Construction	1,985
Date Acquired	Jan. 23, 2015
Bloomingdale | Illinois
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 365,716
Initial Cost to Company, Land	810,000
Initial Cost to Company, Buildings and Improvements	3,856,874
Initial Cost to Company, Total	4,666,874
Net Cost Capitalized Subsequent to Acquisition	47,620
Gross Carrying Amount, Land	810,000
Gross Carrying Amount, Buildings and Improvements	3,904,494
Gross Carrying Amount, Total	4,714,494
Accumulated Depreciation	$ 129,121
Date of Construction	1,987
Date Acquired	Feb. 18, 2015
Crestwood | Illinois
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 183,911
Initial Cost to Company, Land	250,000
Initial Cost to Company, Buildings and Improvements	2,096,875
Initial Cost to Company, Total	2,346,875
Net Cost Capitalized Subsequent to Acquisition	100,573
Gross Carrying Amount, Land	250,000
Gross Carrying Amount, Buildings and Improvements	2,197,448
Gross Carrying Amount, Total	2,447,448
Accumulated Depreciation	$ 79,090
Date of Construction	1,987
Date Acquired	Jan. 23, 2015
Forestville | Maryland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 492,666
Initial Cost to Company, Land	1,940,000
Initial Cost to Company, Buildings and Improvements	4,346,875
Initial Cost to Company, Total	6,286,875
Net Cost Capitalized Subsequent to Acquisition	82,979
Gross Carrying Amount, Land	1,940,000
Gross Carrying Amount, Buildings and Improvements	4,429,854
Gross Carrying Amount, Total	6,369,854
Accumulated Depreciation	$ 189,219
Date of Construction	1,988
Date Acquired	Jan. 23, 2015
Warren | Michigan | Property One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 250,520
Initial Cost to Company, Land	230,000
Initial Cost to Company, Buildings and Improvements	2,966,875
Initial Cost to Company, Total	3,196,875
Net Cost Capitalized Subsequent to Acquisition	63,649
Gross Carrying Amount, Land	230,000
Gross Carrying Amount, Buildings and Improvements	3,030,524
Gross Carrying Amount, Total	3,260,524
Accumulated Depreciation	$ 75,613
Date of Construction	1,996
Date Acquired	May 8, 2015
Warren | Michigan | Property Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 259,140
Initial Cost to Company, Land	240,000
Initial Cost to Company, Buildings and Improvements	3,066,875
Initial Cost to Company, Total	3,306,875
Net Cost Capitalized Subsequent to Acquisition	67,513
Gross Carrying Amount, Land	240,000
Gross Carrying Amount, Buildings and Improvements	3,134,388
Gross Carrying Amount, Total	3,374,388
Accumulated Depreciation	$ 79,350
Date of Construction	1,987
Date Acquired	May 8, 2015
Sterling Heights | Michigan
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 277,164
Initial Cost to Company, Land	250,000
Initial Cost to Company, Buildings and Improvements	3,286,875
Initial Cost to Company, Total	3,536,875
Net Cost Capitalized Subsequent to Acquisition	60,591
Gross Carrying Amount, Land	250,000
Gross Carrying Amount, Buildings and Improvements	3,347,466
Gross Carrying Amount, Total	3,597,466
Accumulated Depreciation	$ 74,294
Date of Construction	1,977
Date Acquired	May 21, 2015
Troy | Michigan
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 346,125
Initial Cost to Company, Land	240,000
Initial Cost to Company, Buildings and Improvements	4,176,875
Initial Cost to Company, Total	4,416,875
Net Cost Capitalized Subsequent to Acquisition	65,279
Gross Carrying Amount, Land	240,000
Gross Carrying Amount, Buildings and Improvements	4,242,154
Gross Carrying Amount, Total	4,482,154
Accumulated Depreciation	$ 140,058
Date of Construction	1,988
Date Acquired	May 8, 2015
Beverly | New Jersey
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 164,320
Initial Cost to Company, Land	400,000
Initial Cost to Company, Buildings and Improvements	1,696,875
Initial Cost to Company, Total	2,096,875
Net Cost Capitalized Subsequent to Acquisition	26,318
Gross Carrying Amount, Land	400,000
Gross Carrying Amount, Buildings and Improvements	1,723,193
Gross Carrying Amount, Total	2,123,193
Accumulated Depreciation	$ 37,430
Date of Construction	1,988
Date Acquired	May 28, 2015
Everett | Washington
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 389,225
Initial Cost to Company, Land	2,010,000
Initial Cost to Company, Buildings and Improvements	2,956,875
Initial Cost to Company, Total	4,966,875
Net Cost Capitalized Subsequent to Acquisition	50,949
Gross Carrying Amount, Land	2,010,000
Gross Carrying Amount, Buildings and Improvements	3,007,824
Gross Carrying Amount, Total	5,017,824
Accumulated Depreciation	$ 97,276
Date of Construction	1,986
Date Acquired	Feb. 5, 2015
Foley | Alabama
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 596,743
Initial Cost to Company, Land	1,830,000
Initial Cost to Company, Buildings and Improvements	5,785,000
Initial Cost to Company, Total	7,615,000
Net Cost Capitalized Subsequent to Acquisition	53,850
Gross Carrying Amount, Land	1,830,000
Gross Carrying Amount, Buildings and Improvements	5,838,850
Gross Carrying Amount, Total	7,668,850
Accumulated Depreciation	$ 68,819
Date of Construction	1985/1996/2006
Date Acquired	Sep. 11, 2015
Tampa | Florida
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 232,154
Initial Cost to Company, Land	1,010,000
Initial Cost to Company, Buildings and Improvements	1,952,500
Initial Cost to Company, Total	2,962,500
Net Cost Capitalized Subsequent to Acquisition	4,064
Gross Carrying Amount, Land	1,010,000
Gross Carrying Amount, Buildings and Improvements	1,956,564
Gross Carrying Amount, Total	2,966,564
Accumulated Depreciation	$ 11,248
Date of Construction	1,985
Date Acquired	Nov. 3, 2015

Schedule III Summary of Activit

Schedule III Summary of Activity in Real Estate Facilities (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Real estate facilities
Real estate facilities, beginning balance	$ 20,857,880	$ 0
Facility acquisitions	132,546,249	20,857,000
Finalized purchase price allocations related to 2014 acquisitions	958,000
Improvements and additions	2,156,384	880
Asset disposals	(273,963)
Real estate facilities, ending balance	156,244,550	20,857,880
Accumulated depreciation
Accumulated depreciation, beginning balance	(93,433)	0
Depreciation expense	(3,936,239)	(93,433)
Asset disposals	273,963
Accumulated depreciation, ending balance	$ (3,755,709)	$ (93,433)