Strategic Storage Trust VI 10-K 22 Mar 23 2022 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2022	Mar. 17, 2023
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Registrant Name	Strategic Storage Trust VI, Inc.
Entity Central Index Key	0001852575
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Entity Public Float	$ 0
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Title of 12(b) Security	None
No Trading Symbol Flag	true
Entity File Number	333-256598
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	85-3494431
Entity Address, Address Line One	10 Terrace Rd
Entity Address, City or Town	Ladera Ranch
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92694
City Area Code	877
Local Phone Number	327-3485
Document Annual Report	true
Document Transition Report	false
Auditor Name	BDO USA, LLP
Auditor Firm ID	243
Auditor Location	Costa Mesa, California
Documents Incorporated by Reference [Text Block]	Documents Incorporated by Reference: The registrant incorporates by reference in Part III (Items 10, 11, 12, 13 and 14) of this Form 10-K portions of its Definitive Proxy Statement for the 2023 Annual Meeting of Stockholders.
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,031,954
Class T Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		3,615,939
Class W Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		376,236
Class P Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		10,914,899

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Real estate facilities:
Land	$ 50,188,659	$ 10,811,899
Buildings	200,161,251	61,778,581
Site improvements	10,489,181	2,766,245
Real estate investment property, gross	260,839,091	75,356,725
Accumulated depreciation	(5,093,282)	(597,090)
Real estate investment property, net	255,745,809	74,759,635
Construction in process	347,308	86,987
Real estate facilities, net	256,093,117	74,846,622
Cash and cash equivalents	7,148,771	3,934,933
Restricted cash	642,773	645,826
Investments in unconsolidated real estate ventures (Note 4)	9,527,350	9,632,360
Other assets, net	3,255,785	797,285
Intangible assets, net of accumulated amortization	3,077,123	1,014,552
Total assets	279,744,919	90,871,578
LIABILITIES, TEMPORARY EQUITY AND EQUITY
Secured debt, net	157,169,423	47,856,858
Accounts payable and accrued liabilities	4,102,652	1,194,900
Distributions payable	827,919	225,507
Due to affiliates	1,709,807	725,621
Total liabilities	163,809,801	50,002,886
Commitments and contingencies (Note 8)
Redeemable common stock	2,873,848	329,158
Strategic Storage Trust VI, Inc.:
Preferred Stock, $0.001 par value; 200,000,000 shares authorized; none issued and outstanding at December 31, 2022 and December 31, 2021
Additional paid-in capital	134,820,961	40,737,265
Distributions	(7,793,929)	(985,132)
Accumulated deficit	(16,727,700)	(2,985,345)
Accumulated other comprehensive loss	(61,416)
Total Strategic Storage Trust IV, Inc. equity	110,253,789	36,771,851
Noncontrolling interests in our Operating Partnership	2,807,481	3,767,683
Total equity	113,061,270	40,539,534
Total liabilities, temporary equity and equity	279,744,919	90,871,578
Class A Common Stock
Strategic Storage Trust VI, Inc.:
Common stock, value	1,767
Class P Common Stock
Strategic Storage Trust VI, Inc.:
Common stock, value	10,842	$ 5,063
Class T Common Stock
Strategic Storage Trust VI, Inc.:
Common stock, value	3,016
Class W Common Stock
Strategic Storage Trust VI, Inc.:
Common stock, value	$ 248

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
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	300,000,000	300,000,000
Common Stock, shares issued	1,766,539	0
Common Stock, shares outstanding	1,766,539	0
Class P Common Stock
Common Stock, par value	$ 0.001	$ 0.001
Common Stock, shares authorized	30,000,000	30,000,000
Common Stock, shares issued	10,841,745	5,062,804
Common Stock, shares outstanding	10,841,745	5,062,804
Class T Common Stock
Common Stock, par value	$ 0.001	$ 0.001
Common Stock, shares authorized	300,000,000	300,000,000
Common Stock, shares issued	3,015,798	0
Common Stock, shares outstanding	3,015,798	0
Class W Common Stock
Common Stock, par value	$ 0.001	$ 0.001
Common Stock, shares authorized	70,000,000	70,000,000
Common Stock, shares issued	248,369	0
Common Stock, shares outstanding	248,369	0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenues:
Self storage rental revenue	$ 8,698,972	$ 1,245,751
Ancillary operating revenue	91,035	20,021
Total revenues	8,790,007	1,265,772
Operating expenses:
Property operating expenses	3,835,556	628,189
Property operating expenses – affiliates	1,899,807	274,787
General and administrative	2,289,610	764,130
Depreciation	4,526,912	603,413
Intangible amortization expense	2,064,048	320,576
Acquisition expense - affiliates	573,899	353,511
Other property acquisition expenses	874,679	957,517
Total operating expenses	16,064,511	3,902,123
Operating loss	(7,274,504)	(2,636,351)
Other income (expense):
Interest expense	(4,865,029)	(608,432)
Interest expense – debt issuance costs	(1,097,941)	(137,825)
Equity in loss of unconsolidated affiliate		(57,104)
Other	2	(136)
Foreign currency adjustment	(1,142,611)	(174,463)
Net loss	(14,380,083)	(3,614,311)
Net loss attributable to the noncontrolling interests in our Operating Partnership	637,728	628,966
Net loss attributable to Strategic Storage Trust V1, Inc. common stockholders	$ (13,742,355)	$ (2,985,345)
Class P Common Stock
Other income (expense):
Net loss per share-basic	$ (1.17)	$ (1.52)
Net loss per share-diluted	$ (1.17)	$ (1.52)
Weighted average shares outstanding - basic	9,866,463	1,970,391
Weighted average shares outstanding - diluted	9,866,463	1,970,391
Class A Common Stock
Other income (expense):
Net loss per share-basic	$ (1.17)
Net loss per share-diluted	$ (1.17)
Weighted average shares outstanding - basic	672,411
Weighted average shares outstanding - diluted	672,411
Class T Common Stock
Other income (expense):
Net loss per share-basic	$ (1.17)
Net loss per share-diluted	$ (1.17)
Weighted average shares outstanding - basic	1,074,346
Weighted average shares outstanding - diluted	1,074,346
Class W Common Stock
Other income (expense):
Net loss per share-basic	$ (1.17)
Net loss per share-diluted	$ (1.17)
Weighted average shares outstanding - basic	91,927
Weighted average shares outstanding - diluted	91,927

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (14,380,083)	$ (3,614,311)
Other comprehensive loss:
Foreign currency translation adjustment	(191,438)
Interest rate swap contract gain	126,864
Other comprehensive loss	(64,574)
Comprehensive loss	(14,444,657)	(3,614,311)
Comprehensive loss attributable to noncontrolling interests:
Comprehensive loss attributable to the noncontrolling interests in our Operating Partnership	640,887	628,966
Comprehensive loss attributable to Strategic Storage Trust VI, Inc. common stockholders	$ (13,803,770)	$ (2,985,345)

Consolidated Statements of Equi

Consolidated Statements of Equity and Temporary Equity - USD ($)	Total	Common Stock Class A Common Stock	Common Stock Class P Common Stock	Common Stock Class T Common Stock	Common Stock Class W Common Stock	Additional Paid-in Capital	Distributions	Accumulated Deficit	Accumulated Other Comprehensive Loss	Total Strategic Storage Trust VI, Inc. Equity	Noncontrolling Interests in our Operating Partnership	Redeemable Common Stock
Beginning Balance at Dec. 31, 2020			$ 0
Beginning Balance (in shares) at Dec. 31, 2020			0
Gross proceeds from issuance of common stock	$ 47,084,658		$ 5,027			$ 47,072,631				$ 47,077,658	$ 7,000
Gross proceeds from issuance of common stock (in shares)			5,026,902
Offering costs	(6,335,330)					(6,335,330)				(6,335,330)
Noncontrolling interest assumed in consolidation of Operating Partnership	4,574,294										4,574,294
Changes to redeemable common stock	(329,158)					(329,158)				(329,158)		$ 329,158
Distributions	(985,132)						$ (985,132)			(985,132)
Distributions to noncontrolling interests	(184,645)										(184,645)
Issuance of shares for distribution reinvestment plan	329,158		$ 36			329,122				329,158
Issuance of shares for distribution reinvestment plan (in shares)			35,902
Net loss attributable to Strategic Storage Trust VI, Inc.	(2,985,345)							$ (2,985,345)		(2,985,345)
Net loss attributable to the noncontrolling interests in our Operating Partnership	(628,966)										(628,966)
Ending Balance at Dec. 31, 2021	40,539,534		$ 5,063			40,737,265	(985,132)	(2,985,345)		36,771,851	3,767,683	329,158
Ending Balance (in shares) at Dec. 31, 2021			5,062,804
Gross proceeds from issuance of common stock	104,052,983	$ 1,756	$ 5,540	$ 2,999	$ 246	104,042,442				104,052,983
Gross proceeds from issuance of common stock (in shares)		1,755,190	5,539,950	2,998,808	246,436
Offering costs	(10,004,238)					(10,004,238)				(10,004,238)
Reimbursement of offering cost by advisor	23,165					23,165				23,165
Changes to redeemable common stock	(2,544,690)					(2,544,690)				(2,544,690)		2,544,690
Distributions	(6,808,797)						(6,808,797)			(6,808,797)
Distributions to noncontrolling interests	(319,316)										(319,316)
Issuance of shares for distribution reinvestment plan	2,544,690	$ 10	$ 239	$ 17	$ 2	2,544,422				2,544,690
Issuance of shares for distribution reinvestment plan (in shares)		10,099	238,991	16,990	1,933
Issuance of restricted stock	1	$ 1								1
Issuance of restricted stock (in shares)		1,250
Stock based compensation expense	22,595					22,595				22,595
Net loss attributable to Strategic Storage Trust VI, Inc.	(13,742,355)							(13,742,355)		(13,742,355)
Net loss attributable to the noncontrolling interests in our Operating Partnership	(637,728)										(637,728)
Interest rate swap contracts	126,864								$ 122,629	122,629	4,235
Foreign currency translation adjustment	(191,438)								(184,045)	(184,045)	(7,393)
Ending Balance at Dec. 31, 2022	$ 113,061,270	$ 1,767	$ 10,842	$ 3,016	$ 248	$ 134,820,961	$ (7,793,929)	$ (16,727,700)	$ (61,416)	$ 110,253,789	$ 2,807,481	$ 2,873,848
Ending Balance (in shares) at Dec. 31, 2022		1,766,539	10,841,745	3,015,798	248,369

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net loss	$ (14,380,083)	$ (3,614,311)
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation and amortization	6,590,960	923,989
Amortization of debt issuance costs	1,097,941	137,825
Equity in loss of unconsolidated investment		57,104
Interest payment added to debt principal		197,980
Stock based compensation expense related to issuance of restricted stock	22,595
Unrealized foreign currency adjustment	1,142,611	174,463
Changes in operating assets and liabilities:
Other assets, net	(1,035,249)	(197,711)
Accounts payable and accrued liabilities	1,712,665	262,567
Due to affiliates	233,322	(905,699)
Net cash used in operating activities	(4,615,238)	(2,963,793)
Cash flows from investing activities:
Purchase of real estate facilities	(188,181,815)	(59,854,218)
Additions to real estate facilities	(1,453,968)	(285,123)
Deposits on acquisitions of real estate facilities	(548,970)	(468,616)
Investments in unconsolidated real estate ventures	(499,202)	(6,079,039)
Net cash used in investing activities	(190,683,955)	(66,686,996)
Cash flows from financing activities:
Proceeds from issuance of secured debt	140,603,502	48,662,500
Repayment of secured debt	(30,608,851)	(14,435,579)
Scheduled principal payments of secured debt	(123,981)
Prepaid debt issuance costs	(58,000)
Debt issuance costs	(1,481,549)	(875,467)
Gross proceeds from issuance of common stock	103,913,984	47,427,658
Proceeds from issuance of noncontrolling interest in our Operating Partnership		7,000
Offering costs	(9,226,517)	(5,916,858)
Distributions paid to common stockholders	(3,667,288)	(453,837)
Distributions paid to noncontrolling interest in our Operating Partnership	(313,722)	(183,869)
Net cash provided by financing activities	199,037,578	74,231,548
Impact of foreign exchange rate changes on cash and restricted cash	(527,600)
Net change in cash, cash equivalents and restricted cash	3,210,785	4,580,759
Cash, cash equivalents and restricted cash, beginning of year	4,580,759
Cash, cash equivalents and restricted cash, end of year	7,791,544	4,580,759
Supplemental disclosures and non-cash transactions:
Cash paid for interest	3,345,009	346,480
Real estate assumed in consolidation of Operating Partnership		16,284,439
Investment in unconsolidated real estate venture assumed in consolidation of Operating Partnership		3,711,918
Debt assumed in consolidation of Operating Partnership		14,237,599
Non controlling interest assumed in connection with consolidation of Operating Partnership		4,574,294
Distribution payable to noncontrolling interest in our Operating Partnership assumed in consolidation of Operating Partnership		22,594
Accounts payable, accrued liabilities and due to affiliate assumed in consolidation of Operating Partnership		1,318,303
Other assets assumed in consolidation of Operating Partnership		153,146
Real estate facilities in due to affiliates		327,646
Debt issuance costs in due to affiliates		68,000
Debt issuance costs in accounts payable and accrued liabilities	26,940
Proceeds from issuance of common stock in accounts payable and accrued liabilities	(211,000)	(350,000)
Offering costs included in accounts payable and accrued liabilities	1,107,528	352,972
Interest rate swap contract in Other Assets	126,864
Foreign currency translation adjustment	191,438
Issuance of shares pursuant to distribution reinvestment plan	2,544,690	329,158
Distributions payable to common stockholders	798,955	202,137
Distributions payable to noncontrolling interests in our Operating Partnership	28,964	23,370
Offering costs in due to affiliates		65,500
Real estate and construction in process in accounts payable and accrued liabilities	553,438	$ 24,127
Deposits on acquisition of real estate facilities in due to affiliates	$ 751,460

Organization

Organization	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Organization	Note 1. Organization Strategic Storage Trust VI, Inc., a Maryland corporation (the “Company”), was formed on October 14, 2020 under the Maryland General Corporation Law for the purpose of engaging in the business of investing in self storage facilities and commenced formal operations on March 10, 2021. Our year-end is December 31. As used herein, “we,” “us,” “our” and “Company” refer to Strategic Storage Trust VI, Inc. and each of our subsidiaries. SmartStop REIT Advisors, LLC is our sponsor (our “Sponsor”). Our Sponsor is an indirect subsidiary of SmartStop Self Storage REIT, Inc. (“SmartStop”). Our Sponsor is a company focused on providing self storage advisory, asset management, and property management services. Our Sponsor owns 90 % of the economic interests (and 100 % of the voting membership interests) of Strategic Storage Advisor VI, LLC (our “Advisor”) and owns 100 % of Strategic Storage Property Management VI, LLC (our “Property Manager”). We have no employees. Our Advisor, a Delaware limited liability company, was formed on October 7, 2020. 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 an advisory agreement we entered into with our Advisor on February 26, 2021 (our “Private Offering Advisory Agreement”), which was amended and restated on March 17, 2022 (our "Advisory Agreement"). A majority of our officers are also officers of our Advisor, Sponsor and SmartStop. On January 15, 2021, our Advisor purchased approximately 110 shares of our common stock for $ 1,000 and became our initial stockholder. Our Articles of Incorporation authorized 30,000 shares of common stock with a par value of $ 0.001 per share. Our Articles of Amendment and Restatement (our "Charter") authorized 700,000,000 shares of common stock with a par value of $ 0.001 per share and 200,000,000 shares of preferred stock with a par value of $ 0.001 per share. On February 26, 2021, pursuant to a confidential private placement memorandum (the “private placement memorandum”), we commenced a private offering of up to $ 200,000,000 in shares of our common stock and $ 20,000,000 in shares of common stock pursuant to our distribution reinvestment plan (the “Private Offering”). On March 10, 2021, we commenced formal operations. In connection with the Public Offering, defined below, we filed articles of amendment to our Charter (the “Articles of Amendment”) and articles supplementary to our Charter (the “Articles Supplementary”). Following the filing of the Articles of Amendment and the Articles Supplementary, we authorized 30,000,000 shares of common stock designated as Class P shares, 300,000,000 shares of common stock designated as Class A shares, 300,000,000 shares of common stock designated as Class T shares, and 70,000,000 shares of common stock designated as Class W shares. Any common stock sold in the Private Offering were redesignated as Class P common stock upon the filing of the Articles of Amendment. On May 28, 2021, we filed a Form S-11 Registration Statement, which was subsequently amended, with the Securities and Exchange Commission (“SEC”) to register a maximum of $ 1,000,000,000 in shares of Class A, Class T, and Class W common stock for sale to the public (the “Primary Offering”) and $ 95,000,000 in shares of Class A, Class T, and Class W common stock for sale pursuant to our distribution reinvestment plan (collectively, the “Public Offering”). On March 17, 2022, the SEC declared our registration statement effective and the primary portion of our Private Offering was terminated. Prior to the termination of our Private Offering, approximately 10.6 million shares of Class P common stock were sold for gross offering proceeds of approximately $ 100.7 million. As of December 31, 2022, approximately 1.8 million Class A shares, approximately 3.0 million Class T shares and approximately 0.2 million Class W shares had been sold in the Public Offering for gross offering proceeds of approximately $ 18.1 million, approximately $ 30.0 million and approximately $ 2.3 million, respectively. Through our distribution reinvestment plan, we have issued approximately 0.3 million Class P shares, approximately 10,000 Class A shares, approximately 17,000 Class T shares and approximately 2,000 Class W shares for gross proceeds of approximately $ 2.9 million. We have invested the net proceeds from our Private Offering and Public Offering primarily in self storage facilities consisting of both income-producing and growth properties located in the United States and Canada. As of December 31, 2022, we owned 15 operating self storage properties located in seven states (Arizona, Delaware, Florida, Nevada, Oregon, Pennsylvania and Washington) and the Greater Toronto Area of Ontario, Canada. For more information, see Note 3 - Real Estate Facilities. As of December 31, 2022, we owned 50 % equity interests in two unconsolidated real estate ventures located in the Greater Toronto Area that are intended to be developed into self storage facilities, with subsidiaries of SmartCentres Real Estate Investment Trust (“SmartCentres”) owning the other 50 % of such entities. For more information, see Note 4 - Investment in Unconsolidated Real Estate Ventures. Our operating partnership, Strategic Storage Operating Partnership VI, L.P., a Delaware limited partnership (our “Operating Partnership”), was formed on October 15, 2020. On January 15, 2021, SmartStop Storage Advisors, LLC (“SSA”), an affiliate of our Advisor, purchased a limited partnership interest in our Operating Partnership for $ 1,000 and we contributed the initial $ 1,000 capital contribution we received to our Operating Partnership in exchange for the general partner interest. On February 26, 2021, in connection with entering into the Private Offering Advisory Agreement, SSA made an additional $ 1,000 investment in our Operating Partnership in exchange for additional limited partnership interests and a special limited partnership interest. On March 10, 2021, SmartStop OP, L.P. (“SmartStop OP”), an affiliate of our Sponsor and the operating partnership of SmartStop, contributed $ 5.0 million to our Operating Partnership, in exchange for 549,451 units of limited partnership interest in our Operating Partnership (the “OP Investment”). The OP Investment was made net of sales commissions and dealer manager fees, but without giving effect to the early investor discounts available to purchasers of shares in the Private Offering. At the effective time of the OP Investment, SmartStop OP was admitted as a limited partner to our Operating Partnership. As of December 31, 2022, we owned approximately 96.7 % of the common units of limited partnership interest of our Operating Partnership. The remaining approximately 3.3 % of the common units are owned by SmartStop OP. On January 30, 2023, we, our Operating Partnership, and an affiliate of our Sponsor (the “Preferred Investor”) entered into a Series A Cumulative Redeemable Preferred Unit Purchase Agreement (the “Preferred Unit Purchase Agreement”) pursuant to which our Operating Partnership issued and sold to the Preferred Investor, and the Preferred Investor purchased 600,000 Series A Cumulative Redeemable Preferred Units of Limited Partnership Interest (the “Preferred Units”) at a liquidation preference of $ 25.00 per unit (the “Liquidation Amount”) in consideration for the Preferred Investor making a capital contribution to our Operating Partnership in an amount of $ 15 million (the “Preferred Investment”). See Note 11 – Subsequent Events. Our Operating Partnership will own, directly or indirectly through one or more special purpose entities, all of the self storage properties that we acquire. We will conduct certain activities through our taxable REIT subsidiary, Strategic Storage TRS VI, Inc., a Delaware corporation (the “TRS”) which was formed on October 16, 2020 and is a wholly owned subsidiary of our Operating Partnership. Our Property Manager, a Delaware limited liability company, was formed on October 7, 2020 to manage our properties. Our Property Manager will derive 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. See Note 7 – Related Party Transactions – Property Management Agreement. Our dealer manager is Pacific Oak Capital Markets, LLC, a Delaware limited liability company (our “Dealer Manager”). On February 26, 2021, we entered into a dealer manager agreement with our Dealer Manager (the “Private Offering Dealer Manager Agreement”), pursuant to which our Dealer Manager was responsible for marketing our shares being offered pursuant to the Private Offering. In connection with our Public Offering, we entered into a dealer manager agreement with our Dealer Manager, pursuant to which our Dealer Manager is responsible for marketing our shares being offered pursuant to our Primary Offering (as amended, the "Dealer Manager Agreement"). An affiliate of our Dealer Manager owns a 10 % non-voting economic interest in our Advisor. As we accept subscriptions for shares of our common stock, we transfer 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 will be deemed to have made capital contributions in the amount of gross proceeds received from investors, and our Operating Partnership will be deemed to have simultaneously paid the sales commissions and other costs associated with the offerings. 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 the limited partnership agreement of our Operating Partnership, which was amended and restated in connection with the Public Offering (the “Operating Partnership Agreement”). SSA and SmartStop OP are prohibited from exchanging or otherwise transferring units representing $ 202,000 of the limited partnership units acquired in their initial investments in our Operating Partnership so long as our Advisor is acting as our Advisor pursuant to our Advisory Agreement. Recent Market Conditions Broad economic weakness, inflationary pressures, rising interest rates, geopolitical events, or other economic events could adversely impact our business, financial condition, liquidity and results of operations. However, the extent and duration to which our operations may be impacted is highly uncertain and cannot be predicted.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
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 intercompany accounts and transactions have been eliminated in consolidation. Please see consolidation considerations section below. 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. Our Operating Partnership is deemed to be a VIE and is consolidated by the Company as the primary beneficiary. As a result of the OP Investment on March 10, 2021, our Operating Partnership and its subsidiaries were recorded as an equity investment by us from commencement of operations through April 30, 2021 as an affiliate of our Sponsor was determined to be the primary beneficiary. As we sold shares in the Private Offering and contributed the net offering proceeds to our Operating Partnership we became the primary beneficiary and consolidated the Operating Partnership and its wholly-owned subsidiaries on May 1, 2021. As a result of consolidation, we allocated the assets acquired and liabilities assumed to tangible and intangible assets based on their fair values as of the date of consolidation. The aggregate of the fair values were primarily allocated to real estate facilities of approximately $ 16.0 million, intangible assets of approximately $ 0.3 million, investment in unconsolidated real estate venture of $ 3.7 million, secured debt of approximately $ 14.2 million, other current liabilities of approximately $ 1.3 million and non controlling interest of approximately $ 4.6 million. There was no material impact on our net loss as a result of consolidation of our Operating Partnership on May 1, 2021. As of December 31, 2022, we had no t entered into any other contracts/interests that would be deemed to be variable interests in VIEs other than our joint ventures with SmartCentres, which are accounted for under the equity method of accounting. Please see Note 4 - Investments in Unconsolidated Real Estate Ventures. Other than the entities noted above, we do not currently have any material relationships with unconsolidated entities or financial partnerships. Equity Investments Under the equity method, our investments are stated at cost and adjusted for our share of net earnings or losses and reduced by distributions. Equity in earnings will generally be recognized based on our ownership interest in the earnings of each of the unconsolidated investments. 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 subsidiary, was consolidated by us beginning May 1, 2021, and the limited partner interest is reflected as a noncontrolling interest in the accompanying consolidated balance sheets. The noncontrolling interest shall be attributed its share of income and losses, even if that attribution results in a deficit noncontrolling interest balance. Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP 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 relative fair value, the evaluation of potential impairment of long-lived assets, and the estimated 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 and 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 interest and property taxes in connection with the requirements of certain of our loan agreements. Real Estate Purchase Price Allocation We account for asset acquisitions in accordance with GAAP which requires that we allocate the purchase price of a property to the tangible and intangible assets acquired and the liabilities assumed based on their relative fair values. This guidance requires us to make significant estimates and assumptions, including fair value estimates, which requires the use of significant unobservable inputs, as of the acquisition date. The value of the tangible assets, consisting of land and buildings, is determined as if vacant. 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 $ 4.1 million and $ 1.3 million in intangible assets to recognize the value of in-place leases related to our acquisitions during the years ended December 31, 2022 and 2021, 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. Allocation of purchase price to acquisitions 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. Acquisitions that do not meet the definition of a business, as defined under current GAAP, are accounted for as asset acquisitions. During the years ended December 31, 2022 and 2021, our acquisitions did not meet the definition of a business because substantially all of the fair value was concentrated in a single identifiable asset or group of similar identifiable assets (i.e. land, buildings, and related intangible assets) or because the acquisition did not include a substantive process in the form of an acquired workforce or an acquired contract that cannot be replaced without significant cost, effort or delay. As a result, once an acquisition is deemed probable, transaction costs are capitalized rather than expensed. During the years ended December 31, 2022 and 2021, our acquisitions did not meet the definition of a business, and we capitalized approximately $ 3.6 million and $ 0.7 million, respectively, of acquisition-related transaction costs. During the years ended December 31, 2022 and 2021, we expensed approximately $ 1.4 million and $ 1.3 million, respectively, of acquisition-related transaction costs that did not meet our capitalization policy. Evaluation of Possible Impairment of Long-Lived Assets Management monitors events and changes in circumstances that could indicate that the carrying amounts of our long-lived assets, including those held through joint ventures, 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, 2022 and 2021, no impairment losses were recognized. Advertising Costs Advertising costs are included in property operating expenses and general and administrative expenses, depending on the nature of the expense, in the accompanying consolidated statements of operations. These costs are expensed in the period in which the cost is incurred. The Company incurred advertising costs of approximately $ 0.7 million and $ 0.1 million for the years ended December 31, 2022 and 2021 respectively. 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 will be 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 will be included in accounts payable and accrued liabilities in our consolidated balance sheet and contractually due but unpaid rent will be included in other assets. Additionally, we earn ancillary revenue by selling various moving and packing supplies such as locks and boxes. We recognize such revenue in the Ancillary operating revenue line within our consolidated statements of operations as the services are performed and as the goods are delivered. Allowance for Doubtful Accounts Tenant accounts receivable is reported net of an allowance for doubtful accounts. Management records a general reserve estimate 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. As of December 31, 2022 and 2021, approximately $ 50,000 and $ 20,000 were recorded to allowance for doubtful accounts, respectively, and are included within other assets in the accompanying consolidated balance sheets. Real Estate Facilities Real estate facilities are recorded based on relative fair value as of the date of acquisition. 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 Description Standard Depreciable Land Not Depreciated Buildings 35 years Site Improvements 7 - 10 years 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. Foreign Currency Translation For non-U.S. functional currency operations, assets and liabilities are translated to U.S. dollars at current exchange rates. Revenues and expenses are translated at the average rate for the period. All related adjustments related to amounts classified as long term net investments are recorded in accumulated other comprehensive income (loss) as a separate component of equity. Transactions denominated in a currency other than the functional currency of the related operations are recorded at rates of exchange in effect at the date of the translation. Gains or losses on foreign currency transactions are recorded in other income (expense). Changes in investments not classified as long term are recorded in foreign currency adjustment in the accompanying Statements of Operations. 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 18 months , the estimated average rental period for the leases. As of December 31, 2022 and 2021, the gross amounts allocated to in-place lease intangibles were approximately $ 5.5 million and $ 1.3 million, respectively, and accumulated amortization of in-place lease intangibles totaled approximately $ 2.4 million and $ 0.3 million, respectively. The total estimated future amortization expense of intangible assets for the years ending December 31, 2023 and 2024 is approximately $ 2.7 million and $ 0.4 million, respectively. Debt Issuance Costs The net carrying value of costs incurred in connection with obtaining non revolving debt are presented on the consolidated balance sheets as a reduction of the related debt. Debt issuance costs are 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, 2022 and 2021, accumulated amortization of debt issuance costs related to non revolving debt totaled approximately $ 0.7 million and $ 0.1 million, respectively. For the years ended December 31, 2022 and 2021, we recorded amortization expense of approximately $ 1.1 million and $ 0.1 million, respectively, in debt issuance cost. Organizational and Offering Costs Our Advisor may fund organization and offering costs on our behalf. We are required to reimburse our Advisor for such organization and offering costs; provided, however, our Advisor will fund, and will not be reimbursed for, 1.0 % of the gross offering proceeds from the sale of Class W shares towards payment of organization and offering expenses, which we will recognize as a capital contribution from our Advisor. Our Advisor must reimburse us within 60 days after the end of the month in which the initial public offering terminates to the extent we paid or reimbursed organization and offering costs (excluding sales commissions, dealer manager fees, stockholder servicing fees and dealer manager servicing fees) in excess of 15 % of the gross offering proceeds from the Primary Offering. If at any point in time we determine that the total organization and offering costs are expected to exceed 15 % of the gross proceeds anticipated to be received from the Primary Offering, we will recognize such excess as a capital contribution from our Advisor. Offering costs are recorded as an offset to additional paid-in capital, and organization costs are recorded as an expense. In connection with our Private Offering, our Dealer Manager received a sales commission of up to 6.0 % of gross proceeds from sales in the Private Offering and a dealer manager fee equal to up to 3.0 % of gross proceeds from sales in the Private Offering under the terms of the Private Offering Dealer Manager Agreement. In connection with our Primary Offering, our Dealer Manager will receive a sales commission of up to 6.0 % of gross proceeds from sales of Class A shares and up to 3.0 % 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. Our Dealer Manager does not receive an upfront sales commission or dealer manager fee from the sales of Class W shares in the Primary Offering; however, we and/or our Sponsor will pay to our Dealer Manager dealer manager support in the amount of 1.5 % of the gross offering proceeds of the Class W shares sold in the Primary Offering for payment of wholesaler commissions and other wholesaler expenses associated with the sales of the Class W shares. 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. Our Dealer Manager also receives an ongoing dealer manager servicing fee that is payable monthly and accrues daily in an amount equal to 1/365th of 0.5% of the purchase price per share of the Class W 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 Class A shares, Class T shares, and Class W shares in our Primary Offering (i.e., excluding proceeds from sales pursuant to our distribution reinvestment plan), which calculation shall be made by us with the assistance of our Dealer Manager commencing after the termination of our Primary Offering; (iii) with respect to a particular Class T share, the third anniversary of the issuance of the share; and (iv) the date that such Class T share is redeemed or is no longer outstanding. We will cease paying the dealer manager servicing fee with respect to the Class W 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 Class A shares, Class T shares, and Class W shares in our Primary Offering (i.e., excluding proceeds from sales pursuant to our distribution reinvestment plan),which calculation shall be made by us with the assistance of our Dealer Manager commencing after the termination of our Primary Offering; (iii) the end of the month in which the aggregate underwriting compensation paid in our Primary Offering with respect to Class W shares, comprised of the dealer manager servicing fees and dealer manager support, equals 9.0 % of the gross proceeds from the sale of Class W shares in our Primary Offering (i.e., excluding proceeds from sales pursuant to our distribution reinvestment plan), which calculation shall be made by us with the assistance of our Dealer Manager commencing after the termination of our Primary Offering, and (iv) the date that such Class W share is redeemed or is no longer outstanding. Our Dealer Manager enters into participating dealer agreements with certain other broker-dealers which authorize them to sell our shares. Upon sale of our shares by such broker-dealers, our Dealer Manager will re-allow 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 will also receive 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 would have been 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. We record a liability within Accounts Payable and Accrued Liabilities for the future estimated stockholder and dealer manager servicing fees and a reduction to additional paid-in capital at the time of sale of the Class T and Class W shares as an offering cost. 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 sheets 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 will be limited to the number of shares we could 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 our consolidated balance sheets. 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. For the year ended December 31, 2022 and 2021, we did no t receive any redemption requests. 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 acquisition. The fair value of these assets and liabilities were determined as of the acquisition date 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 or assumed at the consolidation of the Operating Partnership were derived using Level 3 inputs. The carrying amounts of cash and cash equivalents, restricted cash, other assets, variable-rate debt, accounts payable and accrued liabilities, distributions payable and amounts due to affiliates approximate fair value. The table below summarizes our fixed rate notes payable at December 31, 2022 and 2021. The estimated fair value of financial instruments are subjective in nature and are 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. These assumptions are considered level 2 inputs within the fair value hierarchy. 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, 2022 December 31, 2021 Fair Carrying Fair Carrying Fixed Rate Secured Debt $ 4,500,000 $ 4,800,000 $ 4,850,000 $ 4,800,000 As of December 31, 2022, we had interest rate swaps to hedge our interest rate exposure (See Notes 5 – Debt and 6 – Derivative Instruments). The valuation of these instruments were determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of the derivatives. The analyses reflect the contractual terms of the derivatives, including the period to maturity, and used observable market-based inputs, including interest rate curves and implied volatilities. The fair value of the interest rate swaps were determined using the market standard methodology of netting the discounted future fixed cash payments and the discounted expected variable cash payments. 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 consider the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts, and guarantees. Although we had determined that the majority of the inputs used to value our derivatives were within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with our derivative utilized Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default by us and our counterparties. However, through December 31, 2022, we had assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our derivative positions and determined that the credit valuation adjustment was not significant to the overall valuation of our derivative. As a result, we determined that our derivatives valuation in its entirety was classified in Level 2 of the fair value hierarchy. Derivative Instruments and Hedging Activities We record all derivatives on our balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether we have elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. We may enter into derivative contracts that are intended to economically hedge certain of our risks, even though hedge accounting does not apply or we elect not to apply hedge accounting. For derivatives designated as net investment hedges, the effective portion of changes in the fair value of the derivatives are reported in accumulated other comprehensive income (loss). The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. Amounts are reclassified out of other comprehensive (loss) income into earnings (loss) when the hedged net investment is either sold or substantially liquidated. 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, 2021. To qualify as a REIT, we must continue to meet certain organizational and operational requirements, including a requirement to distribute at least 90 % of the REIT’s ordinary taxable income to stockholders (which is computed without regard to the dividends paid deduction or net capital gains and which does not necessarily equal net income as calculated in accordance with GAAP). 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 inc

Real Estate Facilities

Real Estate Facilities	12 Months Ended
	Dec. 31, 2022
Real Estate [Abstract]
Real Estate Facilities	Note 3. Real Estate Facilities The following summarizes the activity in real estate facilities during the year ended December 31, 2022: Real estate facilities Balance at December 31, 2021 $ 75,356,725 Facility acquisitions 184,044,871 Improvements and additions 1,746,584 Impact of foreign exchange rate changes ( 309,089 ) Balance at December 31, 2022 $ 260,839,091 Accumulated depreciation Balance at December 31, 2021 $ ( 597,090 ) Depreciation expense ( 4,498,700 ) Impact of foreign exchange rate changes 2,508 Balance at December 31, 2022 $ ( 5,093,282 ) The following table summarizes the purchase price allocations for our acquisitions during the year ended December 31, 2022: Property Acquisition Real Estate Intangibles Total (1) 2022 (2) 2022 (2)(3) Vancouver – WA 03/29/22 $ 24,612,304 $ 655,415 $ 25,267,719 $ 810,944 $ 490,237 Portland – OR 03/31/22 $ 14,916,544 $ 256,765 $ 15,173,309 $ 473,282 $ 148,294 Newark– DE 04/26/22 $ 20,004,449 $ 243,259 $ 20,247,708 $ 417,979 $ 142,882 Levittown – PA 04/26/22 $ 21,164,957 $ 260,555 $ 21,425,512 $ 486,145 $ 137,143 Chandler – AZ 05/17/22 $ 25,351,752 $ 425,695 $ 25,777,447 $ 609,289 $ 402,972 St. Johns – FL 07/08/22 $ 14,167,605 $ 380,645 $ 14,548,250 $ 438,208 $ 274,577 Burlington – ONT 09/20/22 $ 26,661,980 $ 848,688 $ 27,510,668 $ 436,352 $ 320,586 Oxford – FL 09/21/22 $ 10,717,711 $ 300,096 $ 11,017,807 $ 165,927 $ 96,867 Cambridge – ONT 12/20/22 $ 26,447,569 $ 765,826 $ 27,213,395 $ 37,598 $ 23,469 $ 184,044,871 $ 4,136,944 $ 188,181,815 $ 3,875,724 $ 2,037,027 (1) The allocations noted above are based on a determination of the relative fair value of the total consideration provided and represent the amount paid for the transaction, including capitalized acquisition costs. (2) The operating results of the facilities acquired above have been included in our consolidated statements of operations since their respective acquisition date. (3) Property operating income excludes corporate general and administrative expenses, asset management fees, depreciation, amortization, and acquisition expenses.

Investments in Unconsolidated R

Investments in Unconsolidated Real Estate Ventures	12 Months Ended
	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Investments in Unconsolidated Real Estate Ventures	Note 4. Investments in Unconsolidated Real Estate Ventures We have entered into various agreements with a subsidiary of SmartCentres, an unaffiliated third party, to acquire tracts of land and develop them into self storage facilities. We account for these investments using the equity method of accounting and they are stated at cost and adjusted for our share of net earnings or losses and reduced by distributions. Equity in earnings (loss) will generally be recognized based on our ownership interest in the earnings (loss) of each of the unconsolidated investments. The Company's investments in unconsolidated real estate ventures is summarized as follows: Carrying Value of Location Date Real Estate Real Estate Equity December 31, December 31, Toronto Toronto, Ontario April 2021 Under development 50 % $ 3,820,955 $ 3,750,217 Toronto II Toronto, Ontario December 2021 Under development 50 % 5,706,395 5,882,143 $ 9,527,350 $ 9,632,360 On April 19, 2021, our Operating Partnership (through its subsidiaries) and SmartCentres (through its subsidiaries) acquired an undeveloped tract of land located in Toronto, Ontario (the “Toronto Land”) from an unaffiliated third party. The Toronto Land is owned by a limited partnership in which we (through our subsidiaries) and SmartCentres (through its subsidiaries) are each a 50 % limited partner and each have an equal ranking general partner. At closing, our Operating Partnership (through its subsidiaries) subscribed for 50 % of the units of the limited partnership at an agreed upon subscription price of approximately CAD $ 4.25 million, representing a contribution equivalent to 50 % of the purchase price of the Toronto Land. We expect that the limited partnership will develop the Toronto Land into a self storage facility (the “Toronto Property”). Our 50 % share of estimated development costs are approximately CAD $ 9.0 million which is expected to be funded with debt proceeds. On December 14, 2021, our Operating Partnership (through its subsidiaries) and SmartCentres (through its subsidiaries) acquired three parcels of land located in Toronto, Ontario (the “Toronto II Land”) from an unaffiliated third party. The Toronto II Land is owned by a limited partnership in which we (through our subsidiaries) and SmartCentres (through its subsidiaries) are each a 50 % limited partner and each have an equal ranking general partner. At closing, our Operating Partnership (through its subsidiaries) subscribed for 50 % of the units of the limited partnership at an agreed upon subscription price of approximately CAD $ 6.6 million, representing a contribution equivalent to 50 % of the purchase price of the Toronto II Land. We expect that the limited partnership will develop the Toronto II Land into a self storage facility (the “Toronto II Property”). Our 50 % share of estimated development costs are approximately CAD $ 12.5 million which is expected to be funded with debt proceeds.

Secured Debt

Secured Debt	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Secured Debt	Note 5. Secured Debt The Company’s secured debt is summarized as follows: Secured Debt December 31, December 31, Interest Maturity Huntington Credit Facility $ 95,091,351 $ 37,062,500 6.94 % 11/30/2024 Skymar Loan 4,800,000 4,800,000 4.125 % 8/1/2024 SmartStop Delayed Draw Mezzanine Loan 35,000,000 6,800,000 7.30 % 12/30/2023 National Bank of Canada - Burlington Loan (1) 12,055,230 — 6.27 % 9/20/2025 National Bank of Canada - Cambridge Loan (2) 11,439,000 — 6.09 % 12/20/2025 Debt issuance costs, net ( 1,216,158 ) ( 805,642 ) Total Secured Debt $ 157,169,423 $ 47,856,858 (1) This variable rate loan encumbers our Burlington, ONT property and the amount shown above is in USD based on the foreign exchange rate in effect as of December 31, 2022. We entered into an interest rate swap agreement that fixes CDOR at 4.02 % until the maturity of the loan. (2) This variable rate loan encumbers our Cambridge, ONT property and the amount shown above is in USD based on the foreign exchange rate in effect as of December 31, 2022. We entered into an interest rate swap agreement that fixes CDOR at 3.84 % until the maturity of the loan. The weighted average interest rate on our consolidated debt as of December 31, 2022 was approximately 6.82 %. Huntington Loan On March 11, 2021, in connection with the acquisition of the Phoenix Property, we, through an indirect, wholly-owned subsidiary of our Operating Partnership, entered into a term loan agreement (the “Huntington Loan Agreement”) with Huntington National Bank, a national banking association, as lead arranger and administrative agent for approximately $ 9.0 million (the “Huntington Loan”). At closing, we drew approximately $ 8.6 million. The remaining $ 0.4 million served as an interest holdback to cover monthly interest payments until fully utilized. The proceeds of the Huntington Loan were used to partially fund the acquisition of the Phoenix Property. The Huntington Loan was secured by a deed of trust on the Phoenix Property. We and our Operating Partnership served as limited guarantors with respect to the Huntington Loan. The interest rate on the Huntington Loan was equal to the greater of (i) 3.50 % per annum, or (ii) 30-day LIBOR plus 2.75 %. Payments on the Huntington Loan were interest only until March 11, 2024 , which was the initial maturity date. On November 30, 2021, in conjunction with entering into the Huntington Credit Facility, the Huntington Loan was repaid and terminated in accordance with the Huntington Loan Agreement without fees or penalties. Huntington Credit Facility On November 30, 2021, we, through three special purpose entities (collectively, the “Borrower”) wholly owned by our operating partnership, entered into a credit agreement (the “Credit Agreement”) with Huntington National Bank (“Huntington”), as administrative agent and sole lead arranger. Under the terms of the Credit Agreement, the Borrower has a maximum borrowing capacity of $ 50 million (the “Huntington Credit Facility”). However, certain financial requirements with respect to both the Borrower and the “Pool” of “Mortgaged Properties” (as each term is defined in the Credit Agreement) must be satisfied prior to making any drawdowns on the Huntington Credit Facility in accordance with the Credit Agreement. At close, we borrowed approximately $ 22.4 million on the Huntington Credit Facility, secured by a first mortgage deed of trust on the Surprise, Phoenix and Phoenix II Properties. In conjunction with the initial draw on the Huntington Credit Facility, the Huntington Loan was repaid and terminated in accordance with the Huntington Loan Agreement without any fees or penalties. On December 30, 2021, in conjunction with the acquisitions of the Bradenton Property and Apopka Property, we borrowed an additional approximately $ 14.7 million pursuant to the Huntington Credit Facility and the Bradenton and Apopka Properties were added as security. On April 26, 2022, the Vancouver Property was added as security to the Huntington Credit Facility and we borrowed approximately $ 12.9 million. On May 17, 2022, we entered into an amendment and joinder to amend the Huntington Credit Facility (the “Second Amendment”). Under the terms of the Second Amendment, we increased our borrowing capacity by $ 50 million for a total borrowing capacity of $ 100 million. In conjunction with the increase of the maximum borrowing capacity we drew approximately $ 14.5 million on the Huntington Credit Facility to acquire the Chandler Property and the property was added as security. On May 26, 2022, we borrowed approximately $ 30.6 million on the Huntington Credit Facility, secured by a first mortgage deed of trust on the Levittown, Newark and Portland Properties. In conjunction with the May 26, 2022 draw on the Huntington Credit Facility, the Huntington Bridge Loan (described below) was repaid and terminated in accordance with the Huntington Bridge Loan Agreement without any fees or penalties. The Huntington Credit Facility is a term loan that has a maturity date of November 30, 2024 , which may, in certain circumstances, be extended at the option of the Borrower until November 30, 2026 . Payments due under the Huntington Credit Facility are interest-only during the initial term of the loan. The amounts outstanding under the Huntington Credit Facility bear interest at a variable rate equal to Secured Overnight Financing Rate (“SOFR”) plus 2.61 %, adjusted monthly, with a floor of 3.25 %. As of December 31, 2022, the interest rate on the Huntington Credit Facility was 6.94 %. The loan may be prepaid in whole, but not in part, at any time, subject to certain conditions as set forth in the Credit Agreement. The Credit Agreement contains certain customary representations and warranties, affirmative, negative and financial covenants, borrowing conditions, and events of default. We serve as a limited recourse guarantor with respect to the Huntington Credit Facility. In particular, the financial covenants include a minimum debt service coverage ratio and minimum net worth and liquid assets requirements applicable to us and our Operating Partnership as guarantors. As of December 31, 2022, we are in compliance with all such covenants. Huntington Bridge Loan On April 26, 2022, in connection with the acquisition of the Levittown and Newark Properties, we, through an indirect, wholly-owned subsidiary of our Operating Partnership, entered into a term loan agreement (the “Huntington Bridge Loan Agreement”) with Huntington National Bank, for approximately $ 30.6 million (the “Huntington Bridge Loan”). The Huntington Bridge Loan was secured by a deed of trust on the Levittown, Newark and Portland Properties. We and our Operating Partnership served as limited guarantors with respect to the Huntington Bridge Loan. The interest rate on the Huntington Bridge Loan was equal to Secured Overnight Financing Rate (“SOFR”) plus 2.61 %, adjusted monthly, with a floor of 3.25 %. Payments on the Huntington Bridge Loan were interest only until July 25, 2022 , which was the initial maturity date. On May 26, 2022, in connection with a draw on the Huntington Credit Facility, the Huntington Bridge Loan was repaid and terminated in accordance with the Huntington Bridge Loan Agreement without fees or penalties. Skymar Loan On July 8, 2021, we, through a wholly-owned special purposes entity, entered into a $ 4.8 million financing with Skymar Capital Corporation (“Skymar”) as lender pursuant to a mortgage loan (the “Skymar Loan”). The Skymar Loan is secured by a first mortgage deed of trust on the Las Vegas property. The loan has a maturity date of August 1, 2024 . Monthly payments due under the loan agreement (the “Skymar Loan Agreement”) are interest-only for the first two years, with principal and interest payments thereafter. The amount outstanding under the Skymar Loan bears interest at an annual fixed rate equal to 4.125 %. The loan may be prepaid in whole, but not in part, at any time, subject to certain conditions as set forth in the Skymar Loan Agreement. The loan documents contain: agreements; representations; warranties and borrowing conditions; reserve requirements and events of default all as set forth in such loan documents. In addition, and pursuant to the terms of the limited recourse guaranty, we serve as a non-recourse guarantor with respect to the Skymar Loan. Loans from SmartStop OP, L.P. On March 11, 2021, in connection with the acquisition of the Phoenix Property, we, through a wholly owned subsidiary of our Operating Partnership, entered into a mezzanine loan agreement (the “Mezzanine Loan Agreement”) with SmartStop OP, an affiliate of our Sponsor, for $ 3.5 million (the “Mezzanine Loan”). The Mezzanine Loan required a commitment fee equal to 1.0 % of the amount drawn at closing of the Mezzanine Loan. The proceeds of the Mezzanine Loan were used to partially fund the acquisition of the Phoenix Property. The Mezzanine Loan was secured by a pledge of the equity interest in the indirect, wholly-owned subsidiary of our Operating Partnership that owns the Phoenix Property. Our Operating Partnership served as a limited guarantor with respect to the Mezzanine Loan. The interest rate on the Mezzanine Loan was equal to 8.5 % per annum. Payments on the Mezzanine Loan were interest only until September 7, 2021, which was the initial maturity date of the Mezzanine Loan. In accordance with the terms of the Mezzanine Loan Agreement, we extended the maturity date of the Mezzanine Loan through March 6, 2022 by providing written notice to SmartStop OP, at which time the interest rate of the Mezzanine Loan increased to 9.25 % per annum. On November 12, 2021, we repaid the outstanding balance on the Mezzanine Loan along with all accrued interest. The loan was terminated in accordance with the Mezzanine Loan Agreement without fees or penalties. On April 16, 2021, in connection with the acquisition of the Toronto Land, we, through our Operating Partnership, entered into a term loan agreement (the “Term Loan Agreement”) with SmartStop OP, for $ 2.1 million (the “Term Loan”). The Term Loan required a commitment fee equal to 1.0 % of the amount of the Term Loan. The proceeds of the Term Loan were used to fund our contribution to the limited partnership that purchased the Toronto Land. The Term Loan was secured by a pledge of the equity interest in the wholly-owned subsidiary of our Operating Partnership that indirectly owns a portion of the Toronto Property. The initial interest rate on the Term Loan was equal to 8.5 % per annum. Commencing on October 14, 2021 and continuing until April 16, 2022 , the maturity date of the Term Loan (the “Maturity Date”), the interest rate was equal to 9.25 % per annum. Payments on the Term Loan were interest only until the Maturity Date. On November 12, 2021, we repaid the outstanding balance on the Term Loan along with all accrued interest. The loan was terminated in accordance with the Term Loan Agreement without fees or penalties. On December 30, 2021, in connection with the acquisition of the Bradenton Property and the Apopka Property, we, through a wholly-owned subsidiary of our operating partnership, entered into a mezzanine loan agreement (the “SmartStop Delayed Draw Mezzanine Loan Agreement”) with SmartStop OP, an affiliate of our Sponsor, for up to $ 45 million (the “SmartStop Delayed Draw Mezzanine Loan”). The SmartStop Delayed Draw Mezzanine Loan required a commitment fee equal to 1.0 % of the amount drawn at closing. On December 30, 2021, we borrowed $ 6.8 million pursuant to the SmartStop Delayed Draw Mezzanine Loan. The proceeds were used to partially fund the acquisitions of the Bradenton Property and the Apopka Property. The SmartStop Delayed Draw Mezzanine Loan is secured by a pledge of the equity interest in the indirect, wholly-owned subsidiaries of our operating partnership that own the Bradenton Property and the Apopka Property. Our Operating Partnership serves as a non-recourse guarantor with respect to the SmartStop Delayed Draw Mezzanine Loan. On July 8, 2022, in connection with the acquisition of the St. Johns Property, we amended the SmartStop Delayed Draw Mezzanine Loan to allow for the addition of the St. Johns Property and we drew an additional $ 7.2 million pursuant to the SmartStop Delayed Draw Mezzanine Loan. The proceeds were used to partially fund the acquisition of the St. Johns Property. On September 21, 2022, in connection with the acquisition of the Oxford Property, we amended the SmartStop Delayed Draw Mezzanine Loan Agreement to allow for the addition of the Oxford Property and drew an additional $ 11.0 million pursuant to the SmartStop Delayed Draw Mezzanine Loan. The proceeds were used to fund the acquisition of the Oxford Property. On December 20, 2022, in connection with the acquisition of the Cambridge Property, we amended the SmartStop Delayed Draw Mezzanine Loan Agreement (the “Mezzanine Loan Amendment”) to increase the maximum principal amount of the loan from $ 45.0 million to $ 55.0 million and drew an additional $ 10.0 million to fund the acquisition of the Cambridge Property. The Amendment also extended the loan maturity date for an additional year, through December 30, 2023 , converted the interest rate index from LIBOR to SOFR, and adjusted the contractual interest rate to remain at SOFR plus 3 % during the extension period. As of December 31, 2022, the interest rate on the SmartStop Delayed Draw Mezzanine Loan was 7.30 %. The SmartStop Delayed Draw Mezzanine Loan may be prepaid in whole or in part at any time without fees or penalty and, in certain circumstances, equity interests securing the SmartStop Delayed Draw Mezzanine Loan may be released from the pledge of collateral. National Bank of Canada - Burlington Loan On September 20, 2022, in connection with the acquisition of the property in Burlington, Ontario (the “Burlington Property”), we, through a special purpose entity formed to acquire and hold the Burlington Property, entered into a term loan with National Bank of Canada (the “National Bank of Canada - Burlington Loan”) for CAD $ 16.5 million, which is secured by a deed of trust on the Burlington Property. Under the terms of the loan agreement (the “National Bank of Canada Burlington Loan Agreement”) the interest rate is equal to the one month Canadian Dollar Offered Rate ("CDOR"), plus 2.25 %. In addition, we entered into an interest rate swap agreement with a notional amount of CAD $ 16.5 million, whereby the CDOR is fixed at 4.02 % through the maturity of the loan. The National Bank of Canada - Burlington Loan has a maturity date of September 20, 2025 , and monthly payments are principal and interest, calculated using 25 year amortization. In addition, we serve as a full recourse guarantor with respect to the National Bank of Canada - Burlington Loan. The National Bank of Canada Burlington Loan Agreement also contains a debt service coverage ratio covenant and customary affirmative, negative and financial covenants; agreements; representations; warranties and borrowing conditions; and events of default all as set forth in such loan agreement. As of December 31, 2022, we were in compliance with such covenants. National Bank of Canada - Cambridge Loan On December 20, 2022, in connection with the acquisition of the property in Cambridge, Ontario (the “Cambridge Property”), we, through a special purpose entity formed to acquire and hold the Cambridge Property, entered into a term loan with National Bank of Canada (the “National Bank of Canada - Cambridge Loan”) for CAD $ 15.5 million, which is secured by a deed of trust on the Cambridge Property. Under the terms of the loan agreement (the “National Bank of Canada Cambridge Loan Agreement”) the interest rate is equal to the one month Canadian Dollar Offered Rate ("CDOR"), plus 2.25 %. In addition, we entered into an interest rate swap agreement with a notional amount of CAD $ 15.5 million, whereby the CDOR is fixed at 3.84 % through the maturity of the loan. The National Bank of Canada - Cambridge Loan has a maturity date of December 20, 2025 , and monthly payments are interest-only for the first four quarters, payable monthly and payments of principal and interest, calculated using 25 year amortization, are due monthly after. In addition, we serve as a full recourse guarantor with respect to the National Bank of Canada - Cambridge Loan. The National Bank of Canada Cambridge Loan Agreement also contains a debt service coverage ratio covenant and customary affirmative, negative and financial covenants; agreements; representations; warranties and borrowing conditions; and events of default all as set forth in such loan agreement. As of December 31, 2022, we were in compliance with such covenants. The following table presents the future principal payment requirements on our outstanding secured debt as of December 31, 2022: 2023 $ 35,500,610 2024 100,835,991 2025 22,048,980 Thereafter — Total payments 158,385,581 Debt issuance costs, net ( 1,216,158 ) Total $ 157,169,423

Derivative Instruments

Derivative Instruments	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Note 6. Derivative Instruments Interest Rate Derivatives Our objectives in using interest rate derivatives are to add stability to interest expense and to manage our exposure to interest rate movements. To accomplish this objective, we use interest rate swaps as part of our interest rate risk management strategy. The effective portion of the change in the fair value of the derivative that qualifies as a cash flow hedge is recorded in accumulated other comprehensive income (loss) (“AOCI”) and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. Amounts reported in AOCI related to derivatives will be reclassified to interest expense as interest payments are made on our variable-rate debt. The following table summarizes the terms of our derivative financial instruments as of December 31, 2022: Notional Strike Effective Maturity Interest Rate Derivative: CDOR Swap (1) $ 16,500,000 4.02 % September 27, 2022 September 20, 2025 CDOR Swap II (1) $ 15,500,000 3.84 % December 20, 2022 December 20, 2025 (1) Notional amounts are denominated in CAD and have been designated as a cash flow hedge. The following table presents a gross presentation of the fair value of our derivatives financial instruments as well as their classification on our consolidated balance sheets: Asset/Liability Derivatives December 31, December 31, Interest Rate Swap Other assets, net $ 126,864 $ — The following table presents the effects of our derivative financial instruments on our consolidated statements of operations for the periods presented: Gain (loss) recognized in OCI for the Year Ended Location of Gain (loss) reclassified from OCI for the Year Ended Type December 31, December 31, December 31, December 31, Interest Rate Swaps $ 132,705 $ — Interest Expense $ ( 5,841 ) $ — $ 132,705 $ — $ ( 5,841 ) $ — Based upon the forward rates in effect as of December 31, 2022, we estimate that approximately $ 0.2 million related to our qualifying cash flow hedges will be reclassified to reduce interest expense during the next 12 months.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Note 7. Related Party Transactions Fees to Affiliates Our Private Offering Advisory Agreement and our Private Offering Dealer Manager Agreement entitled our Advisor and our Dealer Manager to specified fees upon the provision of certain services with regard to the Private Offering and investment of funds in real estate properties, among other services, as well as reimbursement for organization 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. In addition, our Advisory Agreement with our Advisor and our 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 Public Offering and investment of funds in real estate properties, among other services, as well as reimbursement for organization 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 Private Offering paid by our Advisor on our behalf will be reimbursed to our Advisor. In addition, organization and offering costs of the Public Offering have been paid and will continue to be paid by our Advisor on our behalf and will be reimbursed to our Advisor; provided, however, that our Advisor will fund, and will not be reimbursed for, 1.0 % of the gross offering proceeds from the sale of Class W shares towards payment of organization and offering expenses. Organization and offering costs consist of all expenses (other than sales commissions, the dealer manager fee, stockholder servicing fees and dealer manager servicing fees) to be paid by us in connection with the Private Offering and Public 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 Private Offering and Public 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 will be required to reimburse us within 60 days after the end of the month which the Public Offering terminates to the extent we paid or reimbursed organization and offering costs (including sales commissions, dealer manager fees, stockholder servicing fees, and dealer manager servicing fees) in excess of 15 % of the gross offering proceeds from the Primary Offering. Advisory Agreements We do no t 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. As discussed above, we will be required under our Advisory Agreement to reimburse our Advisor for organization and offering costs; provided, however, our Advisor funded, and will not be reimbursed for, 1 % of the gross offering proceeds from the sale of Class W shares towards payment of organization and offering expenses. As noted above, the Advisory Agreement also requires our Advisor to reimburse us to the extent that offering expenses, including sales commissions, dealer manager fees, stockholder servicing fees and dealer manager servicing fees, are in excess of 15 % of gross proceeds from the Primary Offering. Our Advisor receives acquisition fees equal to 1.0 % 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 0.0625 %, which is one-twelfth of 0.75% , of our aggregate asset value, as defined. Under our Advisory Agreement, our Advisor will receive a disposition fee equal to the lesser of 1 % of the contract sales price of each property sold or 50 % of the competitive commission rate. SSA may also be entitled to various subordinated distributions under our operating partnership agreement if we (1) list our shares of common stock on a national exchange, (2) terminate or do not renew the Advisory Agreement, (3) liquidate our portfolio, or (4) effect a merger or other corporate reorganization. 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 commencement of the Public Offering, pursuant to our Advisory Agreement, our Advisor will be 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. Property Management Agreement Each of our self storage properties is managed by our Property Manager under separate property management agreements. Under each agreement, our Property Manager receives 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. In addition, our Property Manager or an affiliate has the exclusive right to offer tenant insurance plans, tenant protection plans or similar programs (collectively “Tenant Programs”) to customers at our properties and is entitled to substantially all of the benefits of such Tenant Programs. The property management agreements have a three-year term and automatically renew for successive three year periods thereafter, unless we or our Property Manager provide prior written notice at least 90 days prior to the expiration of the term. After the end of the initial three year term, either party may terminate a property management agreement generally upon 60 days ’ prior written notice. With respect to each new property we acquire for which we enter into a property management agreement with our Property Manager we also pay our Property Manager a one-time start-up fee in the amount of $ 3,750 . All of our properties are operated under the “SmartStop® Self Storage” brand. An affiliate of our Sponsor owns the rights to the “SmartStop® Self Storage” brand. Transfer Agent Agreement Our Chief Executive Officer is also the chief executive officer and indirect owner of the parent company of our transfer agent (our "Transfer Agent"), which is a registered transfer agent with the SEC. Pursuant to our transfer agent agreement, our Transfer Agent provides transfer agent and registrar services to us. These services are substantially similar to what a third party transfer agent would provide in the ordinary course of performing its functions as a transfer agent, including, but not limited to: providing customer service to our stockholders, processing the distributions and any servicing fees with respect to our shares and issuing regular reports to our stockholders. Our Transfer Agent may retain and supervise third party vendors in its efforts to administer certain services. Our Transfer Agent also conducts transfer agent and registrar services for our Sponsor and other non-traded REITs sponsored by our Sponsor. Fees paid to our Transfer Agent are based on a fixed quarterly distribution fee, monthly open account fee, monthly portal fee, one-time initial account setup fee, one-time transfer fee and phone call fee per investor call received by our transfer agent. In addition, we will reimburse our Transfer Agent for all reasonable expenses or other charges incurred by it in connection with the provision of its services to us, and we will pay our Transfer Agent fees for any additional services we may request from time to time, in accordance with its rates then in effect. Upon the request of our Transfer Agent, we may also advance payment for substantial reasonable out-of-pocket expenditures to be incurred by it. The initial term of the Transfer Agent Agreement is three years , which term will be automatically renewed for one year successive terms, but either party may terminate the Transfer Agent Agreement upon 90 days ’ prior written notice. In the event that we terminate the Transfer Agent Agreement, other than for cause, we will pay our transfer agent all amounts that would have otherwise accrued during the remaining term of the Transfer Agent Agreement; provided, however, that when calculating the remaining months in the term for such purposes, such term is deemed to be a 12-month period starting from the date of the most recent annual anniversary date. 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, 2021 and 2022, as well as any related amounts payable, which are included in due to affiliates in the accompanying consolidated balance sheets as of December 31, 2021 and 2022: Year Ended December 31, 2021 Year Ended December 31, 2022 Incurred Paid Payable Incurred Paid Payable Expensed Operating expenses $ 1,120,374 $ 997,903 $ 122,471 $ 2,761,281 $ 1,936,266 $ 947,486 Asset management fees 178,282 156,138 22,144 1,348,314 1,370,458 — Property management fees 96,505 88,300 8,205 551,493 559,698 — Transfer Agent expenses 42,949 42,949 — 145,716 138,529 7,187 Acquisition expenses (1) 662,957 551,302 111,655 631,575 739,556 3,674 Capitalized Acquisition related (2) 1,442,319 1,046,673 395,646 4,797,897 4,442,083 751,460 Additional Paid-in Capital Offering costs 501,712 436,212 65,500 102,285 167,785 — Total $ 4,045,098 $ 3,319,477 $ 725,621 $ 10,338,561 $ 9,354,375 $ 1,709,807 (1) Amounts include third party acquisition expenses paid by our Sponsor and reimbursed by the Company. (2) Amounts include acquisition fees paid to our Sponsor and third party earnest money deposits paid by our Sponsor and reimbursed by the Company. Tenant Programs We may offer Tenant Programs to customers at our properties pursuant to which our Property Manager or an affiliate is entitled to substantially all of the net revenue attributable to the sale of Tenant Programs at our properties. In order to protect the interest of the Property Manager in receiving these revenues in light of the fact that we control the properties and, hence, the ability of the Property Manager to receive such revenues, we and an affiliate of our Property Manager agreed to transfer our respective rights in such revenue to a joint venture entity owned 0.1 % by our TRS subsidiary and 99.9 % by our Property Manager’s affiliate (the “PM Affiliate”). Under the terms of the operating agreement of the joint venture entity, dated March 8, 2021 (the “JV Agreement”), our TRS receives 0.1 % of the net revenues generated from such Tenant Programs and the PM Affiliate receives the other 99.9 % of such net revenues. The JV Agreement further provides, among other things, that if a member or its affiliate terminates all or substantially all of the property management agreements or defaults in its material obligations under the JV Agreement or undergoes a change of control, as defined, (the “Triggering Member”), the other member generally shall have the right (but not the obligation) to either (i) sell all of its interest in the joint venture to the Triggering Member at fair market value (as agreed upon or as determined under an appraisal process) or (ii) purchase all of the Triggering Member’s interest in the joint venture at 95 % of fair market value. For the years ended December 31, 2022 and 2021, an affiliate of our Property Manager received net revenue from this joint venture of approximately $ 0.4 million and $ 0.1 million, respectively. Storage Auction Program Our Sponsor owns a minority interest in a company that owns 50 % of an online auction company (the “Auction Company”) that serves as a web portal for self storage companies to post their auctions for the contents of abandoned storage units online instead of using live auctions conducted at the self storage facilities. The Auction Company receives a service fee for such services. During the years ended December 31, 2022 and 2021, we paid approximately $ 5,000 and $4 00 in fees to the Auction Company related to our properties, respectively. Our properties will receive the proceeds from such online auctions.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 8. Commitments and Contingencies Distribution Reinvestment Plan We adopted a distribution reinvestment plan that will allow our stockholders to have distributions otherwise distributable to them invested in additional shares of our common stock at a price equal to 95 % of the then-current per share offering price. We adopted an amended and restated distribution reinvestment plan in connection with the Public Offering. The purchase price per share is 95 % of the latest per share offering price offered in the Private Offering for Class P shares and 95 % of the current offering price of our shares in the Primary Offering for Class A, Class T and Class W shares. 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 day s’ prior written notice to stockholders. As of December 31, 2022, we have sold approximately 0.3 million Class P shares, 10,000 Class A shares, 17,000 Class T shares and 2,000 Class W shares through our distribution reinvestment plan offering. Share Redemption Program We adopted a share redemption program for stockholders purchasing Class P shares in the Private Offering and a separate share redemption program for stockholders purchasing Class A shares, Class T shares and Class W shares in the Public Offering, each of which 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. Until we establish a net asset value per share, the redemption price per share for Class A shares, Class T shares and Class W shares purchased in our Public Offering shall initially be equal to the net investment amount of such shares, which will be based on the “amount available for investment” percentage for the respective class of shares, assuming the maximum amount of our public offering is raised, shown in the estimated use of proceeds table in our prospectus in effect as of the investor’s purchase date. For each class of shares, this amount will equal the then-current offering price of the shares, less the associated sales commissions, dealer manager fees and estimated organization and offering expenses not reimbursed by our Advisor assuming the maximum amount of our Public Offering is raised. The redemption price per for Class P shares purchased in the Private Offering will depend on the length of time such stockholders have held such shares as follows (in each case, as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to our common stock): • after one year from the purchase date — 90.0 % of the Redemption Amount (as defined below); • after two years from the purchase date — 92.5 % of the Redemption Amount; • after three years from the purchase date — 95.0 % of the Redemption Amount; and • after four years from the purchase date — 100 % of the Redemption Amount. At any time we are engaged in an offering of Class P shares, the Redemption Amount for Class P shares purchased under the share redemption program will always be equal to or lower than the applicable per share offering price for such Class P shares. As long as we are engaged in an offering of Class P shares, the Redemption Amount shall be the lesser of the amount such stockholders paid for their Shares or the price per share in the offering. If we are no longer engaged in an offering of Class P shares, the per Share Redemption Amount will be determined by our board of directors. 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. 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 no t 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. 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 . SSA and SmartStop OP are prohibited from exchanging or otherwise transferring units representing $ 202,000 of the initial investments in our Operating Partnership so long as our Advisor is acting as our Advisor pursuant to our 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, 2022
Text Block [Abstract]
Declaration of Distributions	Note 9. Declaration of Distributions Cash Distribution Declaration On December 21, 2022 , our board of directors declared a daily distribution rate of approximately $ 0.001698 per day per share on the outstanding shares of common stock payable to Class A, Class T, Class W and Class P stockholders of record of such shares as shown on our books at the close of business on each day of the period commencing on January 1, 2023 and ending March 31, 2023 . In connection with this distribution, for the stockholders of Class T shares, after the stockholder servicing fee is paid, approximately $ 0.001424 per day will be paid per Class T share and for the stockholders of Class W shares, after the dealer manager servicing fee is paid, approximately $ 0.001569 per day will be paid per Class W share. Such distributions payable to each stockholder of record during a month will be paid the following month.

Potential Acquisitions

Potential Acquisitions	12 Months Ended
	Dec. 31, 2022
Business Combinations [Abstract]
Potential Acquisitions	Note 10. Potential Acquisitions Potential Acquisition of Etobicoke Property On May 19, 2021 , an affiliate of our Sponsor assigned its interest in a purchase and sale agreement (the “Etobicoke Purchase Agreement”) with an unaffiliated third party for the acquisition of a parcel of land to be developed into a self storage facility located in Etobicoke, in the city of Toronto, Ontario (the “Etobicoke Property”) to a wholly-owned subsidiary of our Operating Partnership. The purchase price of the Etobicoke Property is approximately CAD $ 2.2 million. The Etobicoke Property will be developed into a self storage facility. Construction is expected to commence following the closing of the acquisition. We expect to fund the acquisition of the Etobicoke Property with net proceeds from our Primary Offering. If we fail to complete the acquisition, we may forfeit CAD $ 1.1 million in earnest money deposits. Potential Acquisition of Scarborough Property On July 15, 2021 , an affiliate of our Sponsor assigned its interest in a purchase and sale agreement (the “Scarborough Purchase Agreement”) with an unaffiliated third party for the acquisition of a parcel of land to be developed into a self storage facility located in Scarborough, in the city of Toronto, Ontario (the “Scarborough Property”) to a wholly-owned subsidiary of our Operating Partnership. The purchase price of the Scarborough Property is approximately CAD $ 2.2 million. Construction is expected to commence following the closing of the acquisition. We expect to fund the acquisition of the Scarborough Property with a combination of net proceeds from our Primary Offering and/or potential future debt financing. If we fail to complete the acquisition, we may forfeit CAD $ 250,000 in earnest money deposits. Potential Acquisition of Hamilton Property On August 31, 2021 , one of our subsidiaries entered into a contribution agreement with a subsidiary of SmartCentres, to acquire a tract of land owned by SmartCentres and located in Hamilton, Ontario (the “Hamilton Land”) in the Greater Toronto Area of Canada. Upon closing, the Hamilton Land will be owned by a limited partnership (the “Hamilton Limited Partnership”), in which we (through our subsidiaries) and SmartCentres (through its subsidiaries) will each be a 50 % limited partner and each have an equal ranking general partner in the Hamilton Limited Partnership. It is intended that the Hamilton Limited Partnership develops a self storage facility on the land. At closing, we (through our subsidiaries) will subscribe for 50 % of the units in the Hamilton Limited Partnerships at an agreed upon subscription price of approximately CAD $ 750,000 , representing contributions equivalent to 50 % of the agreed upon fair market value of the land. Construction is expected to commence following the closing of the acquisition. We expect to fund the acquisition of the Hamilton Land with a combination of net proceeds from our Primary Offering and/or potential future debt financing. If we fail to complete the acquisition, we may forfeit CAD $ 150,000 in earnest money deposits. Potential Acquisition of New Westminster Property On August 3, 2022 , one of our subsidiaries entered into a contribution agreement with a subsidiary of SmartCentres, to acquire a tract of land owned by SmartCentres and located in New Westminster, British Columbia (the “New Westminster Land”). Upon closing, the New Westminster Land will be owned by a limited partnership (the “New Westminster Limited Partnership”), in which we (through our subsidiaries) and SmartCentres (through its subsidiaries) will each be a 50 % limited partner and each have an equal ranking general partner in the New Westminster Limited Partnership. It is intended that the New Westminster Limited Partnership develops a self storage facility on the land. At closing, we (through our subsidiaries) will subscribe for 50 % of the units in the New Westminster Limited Partnership at an agreed upon subscription price of approximately CAD $ 3.3 million, representing contributions equivalent to 50 % of the agreed upon fair market value of the land. Construction is expected to commence following the closing of the acquisition. We expect to fund the acquisition of the New Westminster Land with a combination of net proceeds from our Primary Offering and/or potential future debt financing. If we fail to complete the acquisition, we may forfeit CAD $ 660,000 in earnest money deposits.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 11. Subsequent Events Acquisition of Edmonton Property On January 31, 2023, we, through an indirect, wholly-owned subsidiary of our Operating Partnership, acquired a self storage facility located in Edmonton, Alberta, Canada (the “Edmonton Property”) from an unaffiliated third party. The purchase price for the Edmonton Property was approximately CAD $ 15.0 million, plus closing costs and an acquisition fee, which was funded by proceeds from a draw on the SmartStop Delayed Draw Mezzanine Loan. SmartStop Delayed Draw Mezzanine Loan On January 31, 2023, in connection with the acquisition of the Edmonton Property, we drew $ 15.0 million on the SmartStop Delayed Draw Mezzanine Loan. Our Operating Partnership serves as a non-recourse guarantor with respect to the SmartStop Delayed Draw Mezzanine Loan. Acquisition of North York Property On January 31, 2023, we, through an indirect, wholly-owned subsidiary of our Operating Partnership, acquired a self storage facility located in North York, Ontario, Canada (the “North York Property”) from an unaffiliated third party. The purchase price for the North York Property was approximately CAD $ 50.5 million, plus closing costs and an acquisition fee. We funded such acquisition with a combination of proceeds from our Primary Offering, the National Bank of Canada Loan - North York, as described below, and the Preferred Investment, as described below. National Bank of Canada Loan - North York On January 31, 2023, in connection with the acquisition of the property in North York, Ontario (the “North York Property”), we, through a special purpose entity formed to acquire and hold the North York Property, entered into a term loan with National Bank of Canada (the “National Bank of Canada Loan - North York”) for CAD $ 25.0 million, which is secured by a deed of trust on the North York Property. Under the terms of the loan agreement (the “North York Loan Agreement”) the interest rate is equal to the one month Canadian Dollar Offered Rate ("CDOR"), plus 2.40 %. In addition, we entered into an interest rate swap agreement with a notional amount of CAD $ 25.0 million, whereby the CDOR is fixed at 3.79 % through the maturity of the loan. The Loan also has an initial term of two years , maturing on January 31, 2025 . The Loan is interest-only for the first year, payable monthly , and payments of principal and interest, calculated using a 25 year amortization, are due monthly after. The North York Loan Agreement contains a debt service coverage ratio covenant and Debt Service Reserve Account as defined in the North York Loan Agreement. The North York Loan Agreement also contains customary affirmative, negative and financial covenants, agreements, representations, warranties and borrowing conditions, and events of default. We serve as full recourse guarantor with respect to the National Bank of Canada Loan - North York. Issuance of Preferred Units of Our Operating Partnership On January 30, 2023, we, the Operating Partnership, and an affiliate of our Sponsor (the “Preferred Investor”) entered into a Series A Cumulative Redeemable Preferred Unit Purchase Agreement (the “Preferred Unit Purchase Agreement”) pursuant to which the Operating Partnership issued and sold to the Preferred Investor, and the Preferred Investor purchased 600,000 Series A Cumulative Redeemable Preferred Units of Limited Partnership Interest (the “Preferred Units”) at a liquidation preference of $ 25.00 per unit (the “Liquidation Amount”) in consideration for the Preferred Investor making a capital contribution to the Operating Partnership in an amount of $ 15 million (the “Preferred Investment”). The proceeds of the Preferred Investment were used to partially fund the acquisition of the North York Property. In connection with the Preferred Investment, we paid the Preferred Investor an investment fee equal to $ 150,000 . Amendment to our Operating Partnership Agreement On January 30, 2023, in connection with the Preferred Investment, we and the Operating Partnership entered into Amendment No. 1 to the Second Amended and Restated Limited Partnership Agreement of the Operating Partnership (the “Amendment”) with the Preferred Investor, to establish a series of preferred units of limited partnership interest of the Operating Partnership which shall be designated the “Series A Cumulative Redeemable Preferred Units.” The Amendment sets forth the key terms of the Preferred Units which are summarized below. Distribution Rate The Preferred Units will receive current distributions (the “Current Distributions”) at a rate of 7.0 % per annum on the Liquidation Amount until the second anniversary of the date of issuance, 8.0 % per annum commencing thereafter until the third anniversary of the date of issuance, 9.0 % per annum commencing thereafter until the fourth anniversary of the date of issuance, and 10 % per annum thereafter, payable monthly and calculated on an actual/360 basis. Redemptions; Repurchases The Preferred Units may be redeemed by the Operating Partnership, in whole or in part, at the option of the Operating Partnership at any time or from time to time following the second anniversary of the initial date of issuance. The redemption price for the Preferred Units will be equal to the sum of the Liquidation Amount plus all accumulated and unpaid distributions thereon to the date of redemption (the “Redemption Price”). If fewer than all of the outstanding Preferred Units are to be redeemed at the option of the Operating Partnership, the Preferred Units to be redeemed will be determined pro rata or by lot or in such other manner as determined by us, as the general partner of the Operating Partnership. A holder of Preferred Units may require the 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; or (D) our failure to qualify as a REIT under the Internal Revenue Code (the “Code”). The repurchase price for the Preferred Units will be the Redemption Price. Covenants The Amendment contains a number of covenants applicable to us and the Operating Partnership, including, but not limited to, certain covenants that require that distributions on the Preferred Units be given priority over other disbursements, including distributions on Common Units and certain redemptions of our shares of common stock, each under the circumstances outlined further in the Amendment. Events of Default The occurrence of any of the following shall constitute an Event of Default under the Amendment: (i) a material default in the performance of, or material breach of any covenant, warranty or other agreement contained in the Second Amended and Restated Limited Partnership Agreement, the Amendment or the Unit Purchase Agreement by us or the Operating Partnership, as applicable, and the continuance of such default or breach for a period of 10 business days after written notice is given to us and the Operating Partnership; (b) an Event of Bankruptcy as to us, the Operating Partnership or any of our or its subsidiaries that has not been consented to in advance by the holders of the Preferred Units; (c) any breach or default or event of default that occurs under any instrument, agreement or indenture pertaining to any indebtedness of us or the Operating Partnership or any of our or its subsidiaries aggregating more than $5 million, the effect of which is to cause an acceleration, mandatory redemption or other required repurchase of such indebtedness or such indebtedness is otherwise declared to be due and payable or required to be prepaid, redeemed, or otherwise repurchased by us or the Operating Partnership or any such subsidiary prior to maturity thereof; and (d) our failure to qualify as a REIT under the Code. Protective Provisions Pursuant to the terms of the Amendment, we, the Operating Partnership and our and its subsidiaries are prohibited from undertaking the following activities while the Preferred Units are outstanding without first obtaining the prior written consent of the holders of a majority of the Preferred Units then outstanding (capitalized terms are as defined in the Amendment): • authorizing or issuing additional (1) preferred stock or units that are equal to or senior to the Preferred Units with respect to certain rights and preferences, or (2) junior stock or units that interferes with the rights of the Preferred Units or interferes in any way with our management or the management of the Operating Partnership; • altering the terms of (1) the Amendment or the Unit Purchase Agreement, or (2) our organizational documents or the organizational documents of the Operating Partnership, or any of our or its respective subsidiaries, to the extent the amendment would reasonably be expected to adversely affect the Preferred Units or the holders of the Preferred Units; • in the case of the Operating Partnership, redeeming, repurchasing or acquiring junior equity securities, and in the case of us, our subsidiaries, and subsidiaries of the Operating Partnership, redeeming any equity securities, other than (1) redemptions pursuant to our share redemption program, (2) redemptions of units of limited partner interest of the Operating Partnership in exchange for shares of our common stock; • engaging in a Change of Control; • commencing or suffering to exist an Event of Bankruptcy as to us, the Operating Partnership, or any of our or its respective subsidiaries; • paying any distributions, other than a distribution made on a regular monthly basis consistent with past practice on (1) in the case of the Operating Partnership, Common Units or other equity securities that rank, as to distributions and upon liquidation, junior to the Preferred Units, and (2) in the case of us, our subsidiaries, or a subsidiary of the Operating Partnership, shares of common stock or common equity securities or other equity securities that rank, as to distributions and upon liquidation, junior to such entity’s shares of preferred stock or preferred equity securities; provided, however, that the foregoing shall not prohibit special distributions that are necessary to preserve our status as a REIT under the Code; and • engaging in a recapitalization, reorganization, merger, unit or stock split, statutory unit or stock exchange, sale of all or substantially all of such entity’s assets, tender offer for all or substantially all of its Common Units, shares of common stock or other common equity securities, as the case may be, or other similar transaction. Acquisition of Bradenton Expansion Land On February 16, 2023, we, through an indirect, wholly-owned subsidiary of our Operating Partnership, acquired a parcel of land adjacent to our property in Bradenton, Florida (the “Bradenton Expansion Land”) from an unaffiliated third party. The purchase price for the Bradenton Expansion Land was approximately $ 1.4 million, plus closing costs and an acquisition fee, which was funded by proceeds from our Primary Offering. It is intended we expand our current self storage property on the Bradenton Expansion Land. Acquisition of Dorval Property On February 21, 2023, we (through our subsidiaries) and SmartCentres Real Estate Investment Trust (“SmartCentres”) (through its subsidiaries) acquired a tract of land located in Dorval, Quebec (the “Dorval Land”) from an unaffiliated third party. The Dorval Land is owned by a limited partnership in which we (through our subsidiaries) and SmartCentres (through its subsidiaries) are each a 50 % limited partner and each have an equal ranking general partner. At closing, we (through our subsidiaries) subscribed for 50 % of the units of the limited partnership at an agreed upon subscription price of approximately CAD $ 3.0 million, representing a contribution equivalent to 50 % of the purchase price of the Dorval Land. The contribution was funded with proceeds from our Primary Offering. We expect that the limited partnership will develop the Dorval Land and build a self storage facility (the “Dorval Property”). The project is expected to be funded with debt proceeds. Offering Status As of March 17, 2023, in connection with our offerings we have issued approximately 10.9 million Class P shares for gross offering proceeds of approximately $ 104.0 million, approximately 2.0 million Class A shares for gross offering proceeds of approximately $ 20.9 million, approximately 3.6 million Class T shares for gross offering proceeds of approximately $ 36.1 million and approximately 0.4 million Class W shares for gross offering proceeds of approximately $ 3.5 million.

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III - Real Estate and Accumulated Depreciation	Initial Cost to Company Gross Carrying Amount at December 31, 2022 Description ST Encumbrance Land Building and Total Cost Land Building and (1) Total Accumulated Construction in process Date of Date Phoenix AZ $ 8,800,000 $ 2,171,375 $ 13,783,862 $ 15,955,237 $ 149,424 $ 2,171,375 $ 13,933,286 $ 16,104,661 $ ( 772,863 ) $ — 2020 5/1/2021 Las Vegas NV 4,800,000 1,468,351 6,541,089 8,009,440 122,397 1,468,351 6,663,486 8,131,837 ( 377,317 ) — 2020 6/1/2021 Surprise AZ 7,425,000 1,742,097 11,324,006 13,066,103 186,842 1,742,097 11,510,848 13,252,945 ( 514,039 ) — 2017 8/26/2021 Phoenix II AZ 6,160,000 806,933 10,333,050 11,139,983 135,899 806,933 10,468,949 11,275,882 ( 348,854 ) — 2021 11/30/2021 Bradenton FL 12,507,500 2,293,357 13,212,166 15,505,523 178,082 2,293,357 13,390,248 15,683,605 ( 407,307 ) 4,000 2020 12/30/2021 Apopka FL 8,970,000 2,329,786 9,125,103 11,454,889 235,885 2,329,786 9,360,988 11,690,774 ( 290,542 ) 32,103 2021 12/30/2021 Vancouver WA 13,750,000 1,422,900 23,189,404 24,612,304 101,729 1,422,900 23,291,133 24,714,033 ( 515,625 ) — 2020 3/29/2022 Portland OR 8,250,000 4,298,103 10,618,441 14,916,544 98,701 4,298,103 10,717,142 15,015,245 ( 250,149 ) — 1975 / 2020 3/31/2022 Newark DE 10,808,851 2,167,103 17,837,346 20,004,449 97,819 2,167,103 17,935,165 20,102,268 ( 366,224 ) 120,960 2021 4/26/2022 Levittown PA 11,550,000 3,495,978 17,668,979 21,164,957 103,113 3,495,978 17,772,092 21,268,070 ( 369,315 ) 140,940 2021 4/26/2022 Chandler AZ 13,670,000 4,795,960 20,555,792 25,351,752 230,169 4,795,960 20,785,961 25,581,921 ( 461,761 ) — 1996 / 2022 5/17/2022 St. Johns FL 7,200,000 3,708,927 10,458,678 14,167,605 97,007 3,708,927 10,555,685 14,264,612 ( 158,656 ) 26,662 2006 / 2007 7/8/2022 Burlington ONT 12,055,230 10,638,348 15,548,407 26,186,755 189,458 10,638,348 15,737,865 26,376,213 ( 145,621 ) — 1979 / 2001 9/20/2022 Oxford FL 11,000,000 1,311,463 9,406,248 10,717,711 45,860 1,311,463 9,452,108 10,763,571 ( 92,772 ) 22,643 2001 9/21/2022 Cambridge ONT 11,439,000 7,537,977 19,075,728 26,613,705 — 7,537,978 19,075,476 26,613,454 ( 22,237 ) — 1965 / 2019 12/20/2022 Total $ 148,385,581 $ 50,188,658 $ 208,678,299 $ 258,866,957 $ 1,972,385 $ 50,188,659 $ 210,650,432 $ 260,839,091 $ ( 5,093,282 ) $ 347,308 (1) The aggregate cost of real estate for United States federal income tax purposes is $ 267,859,045 . The following summarizes the activity in real estate facilities during the year ended December 31, 2022 and 2021. 2022 2021 Real estate facilities Balance at beginning of year $ 75,356,725 $ — Facility acquisitions 184,044,871 75,131,175 Improvements and additions 1,746,584 225,550 Impact of foreign exchange rate changes ( 309,089 ) — Balance at end of year $ 260,839,091 $ 75,356,725 Accumulated depreciation Balance at beginning of year $ ( 597,090 ) $ — Depreciation expense ( 4,498,700 ) ( 597,090 ) Impact of foreign exchange rate changes 2,508 — Balance at end of year $ ( 5,093,282 ) $ ( 597,090 ) Real estate facilities, net $ 255,745,809 $ 74,759,635

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
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 intercompany accounts and transactions have been eliminated in consolidation. Please see consolidation considerations section below.
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. Our Operating Partnership is deemed to be a VIE and is consolidated by the Company as the primary beneficiary. As a result of the OP Investment on March 10, 2021, our Operating Partnership and its subsidiaries were recorded as an equity investment by us from commencement of operations through April 30, 2021 as an affiliate of our Sponsor was determined to be the primary beneficiary. As we sold shares in the Private Offering and contributed the net offering proceeds to our Operating Partnership we became the primary beneficiary and consolidated the Operating Partnership and its wholly-owned subsidiaries on May 1, 2021. As a result of consolidation, we allocated the assets acquired and liabilities assumed to tangible and intangible assets based on their fair values as of the date of consolidation. The aggregate of the fair values were primarily allocated to real estate facilities of approximately $ 16.0 million, intangible assets of approximately $ 0.3 million, investment in unconsolidated real estate venture of $ 3.7 million, secured debt of approximately $ 14.2 million, other current liabilities of approximately $ 1.3 million and non controlling interest of approximately $ 4.6 million. There was no material impact on our net loss as a result of consolidation of our Operating Partnership on May 1, 2021. As of December 31, 2022, we had no t entered into any other contracts/interests that would be deemed to be variable interests in VIEs other than our joint ventures with SmartCentres, which are accounted for under the equity method of accounting. Please see Note 4 - Investments in Unconsolidated Real Estate Ventures. Other than the entities noted above, we do not currently have any material relationships with unconsolidated entities or financial partnerships.
Equity Investments	Equity Investments Under the equity method, our investments are stated at cost and adjusted for our share of net earnings or losses and reduced by distributions. Equity in earnings will generally be recognized based on our ownership interest in the earnings of each of the unconsolidated investments.
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 subsidiary, was consolidated by us beginning May 1, 2021, and the limited partner interest is reflected as a noncontrolling interest in the accompanying consolidated balance sheets. The noncontrolling interest shall be attributed its share of income and losses, even if that attribution results in a deficit noncontrolling interest balance.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP 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 relative fair value, the evaluation of potential impairment of long-lived assets, and the estimated 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 and 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 interest and property taxes in connection with the requirements of certain of our loan agreements.
Real Estate Purchase Price Allocation	Real Estate Purchase Price Allocation We account for asset acquisitions in accordance with GAAP which requires that we allocate the purchase price of a property to the tangible and intangible assets acquired and the liabilities assumed based on their relative fair values. This guidance requires us to make significant estimates and assumptions, including fair value estimates, which requires the use of significant unobservable inputs, as of the acquisition date. The value of the tangible assets, consisting of land and buildings, is determined as if vacant. 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 $ 4.1 million and $ 1.3 million in intangible assets to recognize the value of in-place leases related to our acquisitions during the years ended December 31, 2022 and 2021, 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. Allocation of purchase price to acquisitions 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. Acquisitions that do not meet the definition of a business, as defined under current GAAP, are accounted for as asset acquisitions. During the years ended December 31, 2022 and 2021, our acquisitions did not meet the definition of a business because substantially all of the fair value was concentrated in a single identifiable asset or group of similar identifiable assets (i.e. land, buildings, and related intangible assets) or because the acquisition did not include a substantive process in the form of an acquired workforce or an acquired contract that cannot be replaced without significant cost, effort or delay. As a result, once an acquisition is deemed probable, transaction costs are capitalized rather than expensed. During the years ended December 31, 2022 and 2021, our acquisitions did not meet the definition of a business, and we capitalized approximately $ 3.6 million and $ 0.7 million, respectively, of acquisition-related transaction costs. During the years ended December 31, 2022 and 2021, we expensed approximately $ 1.4 million and $ 1.3 million, respectively, of acquisition-related transaction costs that did not meet our capitalization policy.
Evaluation of Possible Impairment of Long-Lived Assets	Evaluation of Possible Impairment of Long-Lived Assets Management monitors events and changes in circumstances that could indicate that the carrying amounts of our long-lived assets, including those held through joint ventures, 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, 2022 and 2021, no impairment losses were recognized.
Advertising Costs	Advertising Costs Advertising costs are included in property operating expenses and general and administrative expenses, depending on the nature of the expense, in the accompanying consolidated statements of operations. These costs are expensed in the period in which the cost is incurred. The Company incurred advertising costs of approximately $ 0.7 million and $ 0.1 million for the years ended December 31, 2022 and 2021 respectively.
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 will be 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 will be included in accounts payable and accrued liabilities in our consolidated balance sheet and contractually due but unpaid rent will be included in other assets. Additionally, we earn ancillary revenue by selling various moving and packing supplies such as locks and boxes. We recognize such revenue in the Ancillary operating revenue line within our consolidated statements of operations as the services are performed and as the goods are delivered.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts Tenant accounts receivable is reported net of an allowance for doubtful accounts. Management records a general reserve estimate 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. As of December 31, 2022 and 2021, approximately $ 50,000 and $ 20,000 were recorded to allowance for doubtful accounts, respectively, and are included within other assets in the accompanying consolidated balance sheets.
Real Estate Facilities	Real Estate Facilities Real estate facilities are recorded based on relative fair value as of the date of acquisition. 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 Description Standard Depreciable Land Not Depreciated Buildings 35 years Site Improvements 7 - 10 years
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.
Foreign Currency Translation	Foreign Currency Translation For non-U.S. functional currency operations, assets and liabilities are translated to U.S. dollars at current exchange rates. Revenues and expenses are translated at the average rate for the period. All related adjustments related to amounts classified as long term net investments are recorded in accumulated other comprehensive income (loss) as a separate component of equity. Transactions denominated in a currency other than the functional currency of the related operations are recorded at rates of exchange in effect at the date of the translation. Gains or losses on foreign currency transactions are recorded in other income (expense). Changes in investments not classified as long term are recorded in foreign currency adjustment in the accompanying Statements of Operations.
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 18 months , the estimated average rental period for the leases. As of December 31, 2022 and 2021, the gross amounts allocated to in-place lease intangibles were approximately $ 5.5 million and $ 1.3 million, respectively, and accumulated amortization of in-place lease intangibles totaled approximately $ 2.4 million and $ 0.3 million, respectively. The total estimated future amortization expense of intangible assets for the years ending December 31, 2023 and 2024 is approximately $ 2.7 million and $ 0.4 million, respectively.
Debt Issuance Costs	Debt Issuance Costs The net carrying value of costs incurred in connection with obtaining non revolving debt are presented on the consolidated balance sheets as a reduction of the related debt. Debt issuance costs are 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, 2022 and 2021, accumulated amortization of debt issuance costs related to non revolving debt totaled approximately $ 0.7 million and $ 0.1 million, respectively. For the years ended December 31, 2022 and 2021, we recorded amortization expense of approximately $ 1.1 million and $ 0.1 million, respectively, in debt issuance cost.
Organizational and Offering Costs	Organizational and Offering Costs Our Advisor may fund organization and offering costs on our behalf. We are required to reimburse our Advisor for such organization and offering costs; provided, however, our Advisor will fund, and will not be reimbursed for, 1.0 % of the gross offering proceeds from the sale of Class W shares towards payment of organization and offering expenses, which we will recognize as a capital contribution from our Advisor. Our Advisor must reimburse us within 60 days after the end of the month in which the initial public offering terminates to the extent we paid or reimbursed organization and offering costs (excluding sales commissions, dealer manager fees, stockholder servicing fees and dealer manager servicing fees) in excess of 15 % of the gross offering proceeds from the Primary Offering. If at any point in time we determine that the total organization and offering costs are expected to exceed 15 % of the gross proceeds anticipated to be received from the Primary Offering, we will recognize such excess as a capital contribution from our Advisor. Offering costs are recorded as an offset to additional paid-in capital, and organization costs are recorded as an expense. In connection with our Private Offering, our Dealer Manager received a sales commission of up to 6.0 % of gross proceeds from sales in the Private Offering and a dealer manager fee equal to up to 3.0 % of gross proceeds from sales in the Private Offering under the terms of the Private Offering Dealer Manager Agreement. In connection with our Primary Offering, our Dealer Manager will receive a sales commission of up to 6.0 % of gross proceeds from sales of Class A shares and up to 3.0 % 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. Our Dealer Manager does not receive an upfront sales commission or dealer manager fee from the sales of Class W shares in the Primary Offering; however, we and/or our Sponsor will pay to our Dealer Manager dealer manager support in the amount of 1.5 % of the gross offering proceeds of the Class W shares sold in the Primary Offering for payment of wholesaler commissions and other wholesaler expenses associated with the sales of the Class W shares. 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. Our Dealer Manager also receives an ongoing dealer manager servicing fee that is payable monthly and accrues daily in an amount equal to 1/365th of 0.5% of the purchase price per share of the Class W 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 Class A shares, Class T shares, and Class W shares in our Primary Offering (i.e., excluding proceeds from sales pursuant to our distribution reinvestment plan), which calculation shall be made by us with the assistance of our Dealer Manager commencing after the termination of our Primary Offering; (iii) with respect to a particular Class T share, the third anniversary of the issuance of the share; and (iv) the date that such Class T share is redeemed or is no longer outstanding. We will cease paying the dealer manager servicing fee with respect to the Class W 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 Class A shares, Class T shares, and Class W shares in our Primary Offering (i.e., excluding proceeds from sales pursuant to our distribution reinvestment plan),which calculation shall be made by us with the assistance of our Dealer Manager commencing after the termination of our Primary Offering; (iii) the end of the month in which the aggregate underwriting compensation paid in our Primary Offering with respect to Class W shares, comprised of the dealer manager servicing fees and dealer manager support, equals 9.0 % of the gross proceeds from the sale of Class W shares in our Primary Offering (i.e., excluding proceeds from sales pursuant to our distribution reinvestment plan), which calculation shall be made by us with the assistance of our Dealer Manager commencing after the termination of our Primary Offering, and (iv) the date that such Class W share is redeemed or is no longer outstanding. Our Dealer Manager enters into participating dealer agreements with certain other broker-dealers which authorize them to sell our shares. Upon sale of our shares by such broker-dealers, our Dealer Manager will re-allow 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 will also receive 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 would have been 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. We record a liability within Accounts Payable and Accrued Liabilities for the future estimated stockholder and dealer manager servicing fees and a reduction to additional paid-in capital at the time of sale of the Class T and Class W shares as an offering cost.
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 sheets 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 will be limited to the number of shares we could 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 our consolidated balance sheets. 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. For the year ended December 31, 2022 and 2021, we did no t receive any redemption requests.
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 acquisition. The fair value of these assets and liabilities were determined as of the acquisition date 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 or assumed at the consolidation of the Operating Partnership were derived using Level 3 inputs. The carrying amounts of cash and cash equivalents, restricted cash, other assets, variable-rate debt, accounts payable and accrued liabilities, distributions payable and amounts due to affiliates approximate fair value. The table below summarizes our fixed rate notes payable at December 31, 2022 and 2021. The estimated fair value of financial instruments are subjective in nature and are 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. These assumptions are considered level 2 inputs within the fair value hierarchy. 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, 2022 December 31, 2021 Fair Carrying Fair Carrying Fixed Rate Secured Debt $ 4,500,000 $ 4,800,000 $ 4,850,000 $ 4,800,000 As of December 31, 2022, we had interest rate swaps to hedge our interest rate exposure (See Notes 5 – Debt and 6 – Derivative Instruments). The valuation of these instruments were determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of the derivatives. The analyses reflect the contractual terms of the derivatives, including the period to maturity, and used observable market-based inputs, including interest rate curves and implied volatilities. The fair value of the interest rate swaps were determined using the market standard methodology of netting the discounted future fixed cash payments and the discounted expected variable cash payments. 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 consider the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts, and guarantees. Although we had determined that the majority of the inputs used to value our derivatives were within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with our derivative utilized Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default by us and our counterparties. However, through December 31, 2022, we had assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our derivative positions and determined that the credit valuation adjustment was not significant to the overall valuation of our derivative. As a result, we determined that our derivatives valuation in its entirety was classified in Level 2 of the fair value hierarchy.
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities We record all derivatives on our balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether we have elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. We may enter into derivative contracts that are intended to economically hedge certain of our risks, even though hedge accounting does not apply or we elect not to apply hedge accounting. For derivatives designated as net investment hedges, the effective portion of changes in the fair value of the derivatives are reported in accumulated other comprehensive income (loss). The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. Amounts are reclassified out of other comprehensive (loss) income into earnings (loss) when the hedged net investment is either sold or substantially liquidated.
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, 2021. To qualify as a REIT, we must continue to meet certain organizational and operational requirements, including a requirement to distribute at least 90 % of the REIT’s ordinary taxable income to stockholders (which is computed without regard to the dividends paid deduction or net capital gains and which does not necessarily equal net income as calculated in accordance with GAAP). 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 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 an election to treat our TRS as a taxable REIT subsidiary. 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. Uncertain tax positions may arise where tax laws may allow for alternative interpretations or where the timing of recognition of income is subject to judgment. Under ASC Topic 740, tax positions are evaluated for recognition using a more–likely–than–not threshold, and those tax positions requiring recognition are measured at the largest amount of tax benefit that is greater than 50 percent likely of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. Interest and penalties relating to uncertain tax positions will be recognized in income tax expense when incurred. As of December 31, 2022 and 2021, the Company had no uncertain tax positions. As of December 31, 2022 and 2021, the Company had no interest or penalties related to uncertain tax positions. Income taxes payable are classified within accounts payable and accrued liabilities in the consolidated balance sheets. The tax year 2021 remains open to examination by the major taxing jurisdictions to which we are subject.
Concentration	Concentration No single self storage customer represents a significant concentration of our revenues. For the month of December 2022, approximately 31 %, 23 %, and 15 % of our rental income was concentrated in Arizona, Florida, and the Greater Toronto Area of Canada, respectively. Our properties within the aforementioned geographic areas are dispersed therein, operating in multiple different regions and sub-markets.
Segment Reporting	Segment Reporting Our business is composed of one reportable segment: (i) self storage operations. Within our self storage operations segment, as of December 31, 2022 and 2021, approximately $ 54.6 million and none , respectively, of our assets relate to our operations in Canada. For the years ended December 31, 2022 and 2021 approximately $ 0.5 million and none , respectively, of our revenues in the self storage segment related to our operations in Canada.
Recently Issued Accounting Guidance	Recently Issued Accounting Guidance In March 2022, the FASB issued ASU 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging- Portfolio Layer Method. The new guidance allows the last-of-layer method for hedging financial instruments. The last-of-layer method allows an entity to hedge its exposure to fair value changes due to changes in interest rates for a portion of the portfolio that is not expected to be affected by prepayments, defaults, and other events affecting the timing and amount of cash flows. The guidance in ASU 2022-01 are effective for fiscal years beginning after December 15, 2022. We will continue to evaluate the impact, but do not expect it to have a material impact to our consolidated financial statements and related disclosures upon adoption of the new standard. Recently Adopted Accounting Guidance In December 2022, the FASB issued ASU 2022-06, "Reference Rate Reform (Topic 848)." ASU 2022-06 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. We elected to apply expedients related to contract modifications, changes in critical terms, and our assessments of effectiveness for designated hedged risks as qualifying changes are made to applicable debt and derivative contracts. Application of these expedients on such qualifying changes maintains the consistency of our presentation of debt and derivative contracts.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
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 Description Standard Depreciable Land Not Depreciated Buildings 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, 2022 and 2021. The estimated fair value of financial instruments are subjective in nature and are 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. These assumptions are considered level 2 inputs within the fair value hierarchy. 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, 2022 December 31, 2021 Fair Carrying Fair Carrying Fixed Rate Secured Debt $ 4,500,000 $ 4,800,000 $ 4,850,000 $ 4,800,000

Real Estate Facilities (Tables)

Real Estate Facilities (Tables)	12 Months Ended
	Dec. 31, 2022
Real Estate [Abstract]
Summary of Activity in Real Estate Facilities	The following summarizes the activity in real estate facilities during the year ended December 31, 2022: Real estate facilities Balance at December 31, 2021 $ 75,356,725 Facility acquisitions 184,044,871 Improvements and additions 1,746,584 Impact of foreign exchange rate changes ( 309,089 ) Balance at December 31, 2022 $ 260,839,091 Accumulated depreciation Balance at December 31, 2021 $ ( 597,090 ) Depreciation expense ( 4,498,700 ) Impact of foreign exchange rate changes 2,508 Balance at December 31, 2022 $ ( 5,093,282 )
Summary of Purchase Price Allocations for Acquisitions	The following table summarizes the purchase price allocations for our acquisitions during the year ended December 31, 2022: Property Acquisition Real Estate Intangibles Total (1) 2022 (2) 2022 (2)(3) Vancouver – WA 03/29/22 $ 24,612,304 $ 655,415 $ 25,267,719 $ 810,944 $ 490,237 Portland – OR 03/31/22 $ 14,916,544 $ 256,765 $ 15,173,309 $ 473,282 $ 148,294 Newark– DE 04/26/22 $ 20,004,449 $ 243,259 $ 20,247,708 $ 417,979 $ 142,882 Levittown – PA 04/26/22 $ 21,164,957 $ 260,555 $ 21,425,512 $ 486,145 $ 137,143 Chandler – AZ 05/17/22 $ 25,351,752 $ 425,695 $ 25,777,447 $ 609,289 $ 402,972 St. Johns – FL 07/08/22 $ 14,167,605 $ 380,645 $ 14,548,250 $ 438,208 $ 274,577 Burlington – ONT 09/20/22 $ 26,661,980 $ 848,688 $ 27,510,668 $ 436,352 $ 320,586 Oxford – FL 09/21/22 $ 10,717,711 $ 300,096 $ 11,017,807 $ 165,927 $ 96,867 Cambridge – ONT 12/20/22 $ 26,447,569 $ 765,826 $ 27,213,395 $ 37,598 $ 23,469 $ 184,044,871 $ 4,136,944 $ 188,181,815 $ 3,875,724 $ 2,037,027 (1) The allocations noted above are based on a determination of the relative fair value of the total consideration provided and represent the amount paid for the transaction, including capitalized acquisition costs. (2) The operating results of the facilities acquired above have been included in our consolidated statements of operations since their respective acquisition date. (3) Property operating income excludes corporate general and administrative expenses, asset management fees, depreciation, amortization, and acquisition expenses.

Investments in Unconsolidated_2

Investments in Unconsolidated Real Estate Ventures (Tables)	12 Months Ended
	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Summary of Investments in Unconsolidated Real Estate Ventures	The Company's investments in unconsolidated real estate ventures is summarized as follows: Carrying Value of Location Date Real Estate Real Estate Equity December 31, December 31, Toronto Toronto, Ontario April 2021 Under development 50 % $ 3,820,955 $ 3,750,217 Toronto II Toronto, Ontario December 2021 Under development 50 % 5,706,395 5,882,143 $ 9,527,350 $ 9,632,360

Secured Debt (Tables)

Secured Debt (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Summary of Secured Debt	The Company’s secured debt is summarized as follows: Secured Debt December 31, December 31, Interest Maturity Huntington Credit Facility $ 95,091,351 $ 37,062,500 6.94 % 11/30/2024 Skymar Loan 4,800,000 4,800,000 4.125 % 8/1/2024 SmartStop Delayed Draw Mezzanine Loan 35,000,000 6,800,000 7.30 % 12/30/2023 National Bank of Canada - Burlington Loan (1) 12,055,230 — 6.27 % 9/20/2025 National Bank of Canada - Cambridge Loan (2) 11,439,000 — 6.09 % 12/20/2025 Debt issuance costs, net ( 1,216,158 ) ( 805,642 ) Total Secured Debt $ 157,169,423 $ 47,856,858 (1) This variable rate loan encumbers our Burlington, ONT property and the amount shown above is in USD based on the foreign exchange rate in effect as of December 31, 2022. We entered into an interest rate swap agreement that fixes CDOR at 4.02 % until the maturity of the loan. (2) This variable rate loan encumbers our Cambridge, ONT property and the amount shown above is in USD based on the foreign exchange rate in effect as of December 31, 2022. We entered into an interest rate swap agreement that fixes CDOR at 3.84 % until the maturity of the loan.
Schedule of Secured Debt Future Principal Payments	The following table presents the future principal payment requirements on our outstanding secured debt as of December 31, 2022: 2023 $ 35,500,610 2024 100,835,991 2025 22,048,980 Thereafter — Total payments 158,385,581 Debt issuance costs, net ( 1,216,158 ) Total $ 157,169,423

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Derivative Financial Instruments	The following table summarizes the terms of our derivative financial instruments as of December 31, 2022: Notional Strike Effective Maturity Interest Rate Derivative: CDOR Swap (1) $ 16,500,000 4.02 % September 27, 2022 September 20, 2025 CDOR Swap II (1) $ 15,500,000 3.84 % December 20, 2022 December 20, 2025 Notional amounts are denominated in CAD and have been designated as a cash flow hedge.
Summary of Derivatives Financial Instruments in Statement of Consolidated Balance Sheet	The following table presents a gross presentation of the fair value of our derivatives financial instruments as well as their classification on our consolidated balance sheets: Asset/Liability Derivatives December 31, December 31, Interest Rate Swap Other assets, net $ 126,864 $ —
Summary of Effects of Derivative Financial Instruments on Consolidated Statements of Operations	The following table presents the effects of our derivative financial instruments on our consolidated statements of operations for the periods presented: Gain (loss) recognized in OCI for the Year Ended Location of Gain (loss) reclassified from OCI for the Year Ended Type December 31, December 31, December 31, December 31, Interest Rate Swaps $ 132,705 $ — Interest Expense $ ( 5,841 ) $ — $ 132,705 $ — $ ( 5,841 ) $ —

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2022
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, 2021 and 2022, as well as any related amounts payable, which are included in due to affiliates in the accompanying consolidated balance sheets as of December 31, 2021 and 2022: Year Ended December 31, 2021 Year Ended December 31, 2022 Incurred Paid Payable Incurred Paid Payable Expensed Operating expenses $ 1,120,374 $ 997,903 $ 122,471 $ 2,761,281 $ 1,936,266 $ 947,486 Asset management fees 178,282 156,138 22,144 1,348,314 1,370,458 — Property management fees 96,505 88,300 8,205 551,493 559,698 — Transfer Agent expenses 42,949 42,949 — 145,716 138,529 7,187 Acquisition expenses (1) 662,957 551,302 111,655 631,575 739,556 3,674 Capitalized Acquisition related (2) 1,442,319 1,046,673 395,646 4,797,897 4,442,083 751,460 Additional Paid-in Capital Offering costs 501,712 436,212 65,500 102,285 167,785 — Total $ 4,045,098 $ 3,319,477 $ 725,621 $ 10,338,561 $ 9,354,375 $ 1,709,807 (1) Amounts include third party acquisition expenses paid by our Sponsor and reimbursed by the Company. Amounts include acquisition fees paid to our Sponsor and third party earnest money deposits paid by our Sponsor and reimbursed by the Company.

Organization - Additional Infor

Organization - Additional Information (Detail)							12 Months Ended
	Mar. 17, 2023 shares	Jan. 30, 2023 USD ($) $ / shares shares	May 28, 2021 USD ($)	Mar. 10, 2021 USD ($) shares	Feb. 26, 2021 USD ($)	Jan. 15, 2021 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) OperatingSelfStorageProperty UnconsolidatedRealEstateVenture Employee $ / shares shares	Dec. 31, 2021 $ / shares shares
Organization And Nature Of Operations [Line Items]
Date of formation of company							Oct. 14, 2020
Number of employees | Employee							0
Preferred Stock, shares authorized						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 | $					$ 20,000,000
Number of operating self storage properties owned | OperatingSelfStorageProperty							15
Percentage of non-voting economic interest owned by affiliates							10%
Number of unconsolidated real estate ventures | UnconsolidatedRealEstateVenture							2
Advisor purchased initial investment in operating partnership | $							$ 202,000
Distribution Reinvestment Plan
Organization And Nature Of Operations [Line Items]
Gross proceeds from issuance of common stock | $							$ 2,900,000
Maximum
Organization And Nature Of Operations [Line Items]
Common stock, value authorized | $					200,000,000
Class A Common Stock
Organization And Nature Of Operations [Line Items]
Common Stock, shares authorized							300,000,000	300,000,000
Common Stock, par value | $ / shares							$ 0.001	$ 0.001
Class A Common Stock | Subsequent Event
Organization And Nature Of Operations [Line Items]
Common stock issued in connection with offering	2,000,000
Class A Common Stock | Common Stock
Organization And Nature Of Operations [Line Items]
Common stock issued in connection with offering							1,755,190
Class A Common Stock | Distribution Reinvestment Plan
Organization And Nature Of Operations [Line Items]
Common stock issued in connection with offering							10,000
Class A Common Stock | Primary Offering | Maximum
Organization And Nature Of Operations [Line Items]
Common stock, value authorized | $			$ 1,000,000,000
Class A Common Stock | Pubic Offering
Organization And Nature Of Operations [Line Items]
Common Stock, shares authorized						300,000,000
Shares issuable pursuant to distribution reinvestment plan | $			95,000,000
Gross proceeds from issuance of common stock | $							$ 18,100,000
Common stock issued in connection with offering							1,800,000
Class P Common Stock
Organization And Nature Of Operations [Line Items]
Common Stock, shares authorized							30,000,000	30,000,000
Common Stock, par value | $ / shares							$ 0.001	$ 0.001
Class P Common Stock | Subsequent Event
Organization And Nature Of Operations [Line Items]
Common stock issued in connection with offering	10,900,000
Class P Common Stock | Common Stock
Organization And Nature Of Operations [Line Items]
Common stock issued in connection with offering							5,539,950	5,026,902
Class P Common Stock | Distribution Reinvestment Plan
Organization And Nature Of Operations [Line Items]
Common stock issued in connection with offering							300,000
Class P Common Stock | Pubic Offering
Organization And Nature Of Operations [Line Items]
Common Stock, shares authorized						30,000,000
Class P Common Stock | Private Offering
Organization And Nature Of Operations [Line Items]
Gross proceeds from issuance of common stock | $							$ 100,700,000
Class P Common Stock | Private Offering | Common Stock
Organization And Nature Of Operations [Line Items]
Common stock issued in connection with offering							10,600,000
Class T Common Stock
Organization And Nature Of Operations [Line Items]
Common Stock, shares authorized							300,000,000	300,000,000
Common Stock, par value | $ / shares							$ 0.001	$ 0.001
Class T Common Stock | Subsequent Event
Organization And Nature Of Operations [Line Items]
Common stock issued in connection with offering	3,600,000
Class T Common Stock | Common Stock
Organization And Nature Of Operations [Line Items]
Common stock issued in connection with offering							2,998,808
Class T Common Stock | Distribution Reinvestment Plan
Organization And Nature Of Operations [Line Items]
Common stock issued in connection with offering							17,000
Class T Common Stock | Primary Offering | Maximum
Organization And Nature Of Operations [Line Items]
Common stock, value authorized | $			1,000,000,000
Class T Common Stock | Pubic Offering
Organization And Nature Of Operations [Line Items]
Common Stock, shares authorized						300,000,000
Gross proceeds from issuance of common stock | $							$ 30,000,000
Common stock issued in connection with offering							3,000,000
Class W Common Stock
Organization And Nature Of Operations [Line Items]
Common Stock, shares authorized							70,000,000	70,000,000
Common Stock, par value | $ / shares							$ 0.001	$ 0.001
Class W Common Stock | Subsequent Event
Organization And Nature Of Operations [Line Items]
Common stock issued in connection with offering	400,000
Class W Common Stock | Common Stock
Organization And Nature Of Operations [Line Items]
Common stock issued in connection with offering							246,436
Class W Common Stock | Distribution Reinvestment Plan
Organization And Nature Of Operations [Line Items]
Common stock issued in connection with offering							2,000
Class W Common Stock | Primary Offering | Maximum
Organization And Nature Of Operations [Line Items]
Common stock, value authorized | $			1,000,000,000
Class W Common Stock | Pubic Offering
Organization And Nature Of Operations [Line Items]
Common Stock, shares authorized						70,000,000
Shares issuable pursuant to distribution reinvestment plan | $			$ 95,000,000
Gross proceeds from issuance of common stock | $							$ 2,300,000
Common stock issued in connection with offering							200,000
Articles of Incorporation
Organization And Nature Of Operations [Line Items]
Common Stock, shares authorized						30,000
Common Stock, par value | $ / shares						$ 0.001
Articles of Amendment and Restatement
Organization And Nature Of Operations [Line Items]
Common Stock, shares authorized						700,000,000
Common Stock, par value | $ / shares						$ 0.001
Strategic Storage Advisor IV, LLC
Organization And Nature Of Operations [Line Items]
Sale of common shares to advisor | $						$ 1,000
Advisor purchased initial investment in operating partnership | $						$ 1,000
Strategic Storage Advisor IV, LLC | Class A Common Stock
Organization And Nature Of Operations [Line Items]
Number of shares sold to advisor						110
Smartstop Storage Advisors LLC.
Organization And Nature Of Operations [Line Items]
Investment by affiliate in exchange for additional limited partnership interests | $					$ 1,000
Preferred Investor | Series A Cumulative Redeemable Preferred Units | Subsequent Event
Organization And Nature Of Operations [Line Items]
Issuance of preferred units		600,000
Preferred units, liquidation preference | $ / shares		$ 25
Capital contribution to operating partnership | $		$ 15,000,000
Smartstop OP L P [Member]
Organization And Nature Of Operations [Line Items]
Equity ownership percentage							3.30%
Advisor purchased a limited partnership interest in Operating Partnership, number of partnership units				549,451
Initial capital contribution | $				$ 5
Strategic Storage Operating Partnership VI, L.P.
Organization And Nature Of Operations [Line Items]
Equity ownership percentage							96.70%
SmartCentres
Organization And Nature Of Operations [Line Items]
Equity ownership percentage							50%
SmartStop REIT Advisors, LLC | Strategic Storage Advisor IV, LLC
Organization And Nature Of Operations [Line Items]
Percentage of economic interests owned by sponsor							90%
Percentage of voting membership interests owned by sponsor							100%
SmartStop REIT Advisors, LLC | Strategic Storage Property Management VI, LLC
Organization And Nature Of Operations [Line Items]
Percentage of Property Management owned by sponsor							100%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2022 USD ($) Contract Segment	Dec. 31, 2021 USD ($)
Summary Of Significant Accounting Policies [Line Items]
Business combination, aggregate fair to real estate facilities		$ 16,000,000
Business combination, aggregate fair value to intangible assets		300,000
Business combination, aggregate fair value to real estate facilities		3,700,000
Business combination, aggregate fair value of secured debt		14,200,000
Business combination, aggregate fair value to other current liabilities		1,300,000
Business combination, aggregate fair value to non controlling interest		4,600,000
Number of contracts deemed to be in VIEs | Contract	0
Payments to acquire intangible assets	$ 4,100,000	1,300,000
Asset acquisition, capitalized transaction related costs	3,600,000	700,000
Business acquisition, transaction costs	1,400,000	1,300,000
Impairment losses recognized	0	0
Advertising costs	$ 700,000	100,000
Estimated average rental period	18 months
Gross amounts of lease intangibles	$ 5,500,000	1,300,000
Accumulated amortization of lease intangibles	2,400,000	300,000
Debt issuance cost amortization expense	1,100,000	100,000
Total estimated future amortization expense of intangible assets, year 2023	2,700,000
Total estimated future amortization expense of intangible assets, year 2024	400,000
Accumulated amortization of debt issuance costs	$ 700,000	100,000
Maximum period for reimbursement of offering cost	60 days
Maximum offering cost rate	15%
Minimum percentage of ordinary taxable income to be distributed to stockholders	90%
Number of reportable segments | Segment	1
Assets	$ 279,744,919	90,871,578
Revenues	8,790,007	1,265,772
Allowance for doubtful accounts	50,000	20,000
Uncertain tax positions	0	0
Income tax penalties and interest expense	$ 0	0
Open tax year	2021
Canada | Self Storage
Summary Of Significant Accounting Policies [Line Items]
Assets	$ 54,600,000	0
Revenues	$ 500,000	0
Rental Income | Geographic Concentration Risk | Arizona
Summary Of Significant Accounting Policies [Line Items]
Concentration risk percentage	31%
Rental Income | Geographic Concentration Risk | Florida
Summary Of Significant Accounting Policies [Line Items]
Concentration risk percentage	23%
Rental Income | Geographic Concentration Risk | Canada
Summary Of Significant Accounting Policies [Line Items]
Concentration risk percentage	15%
Distribution
Summary Of Significant Accounting Policies [Line Items]
Redemption total	$ 0	$ 0
Private Offering Dealer Manager Agreement
Summary Of Significant Accounting Policies [Line Items]
Maximum sale commission fees percentage of proceed from private offering	6%
Maximum dealer manager commission fees percentage of proceed from private offering	3%
Underwriting compensation	10%
Maximum percentage other non-accountable expenses	3%
Class W Common Stock
Summary Of Significant Accounting Policies [Line Items]
Percentage of offering cost without reimbursement	1%
Class W Common Stock | Dealer Manager
Summary Of Significant Accounting Policies [Line Items]
Maximum sale commission fees percentage of proceed from Primary Offering	1.50%
Class W Common Stock | Private Offering Dealer Manager Agreement
Summary Of Significant Accounting Policies [Line Items]
Percentage of gross proceeds from sale of shares	10%
Maximum dealer manager servicing fee percentage of proceeds from Primary Offering	9%
Class W Common Stock | Dealer Manager Servicing Fees
Summary Of Significant Accounting Policies [Line Items]
Monthly servicing fee accrual description	accrues daily in an amount equal to 1/365th of 0.5% of the purchase price per share
Class A Common Stock | Dealer Manager
Summary Of Significant Accounting Policies [Line Items]
Maximum sale commission fees percentage of proceed from Primary Offering	6%
Maximum dealer manager commission fee percentage of proceeds from Primary Offering	3%
Class A Common Stock | Private Offering Dealer Manager Agreement
Summary Of Significant Accounting Policies [Line Items]
Percentage of gross proceeds from sale of shares	10%
Class T Common Stock | Dealer Manager
Summary Of Significant Accounting Policies [Line Items]
Maximum sale commission fees percentage of proceed from Primary Offering	3%
Maximum dealer manager commission fee percentage of proceeds from Primary Offering	3%
Class T Common Stock | Private Offering Dealer Manager Agreement
Summary Of Significant Accounting Policies [Line Items]
Percentage of gross proceeds from sale of shares	10%
Class T Common Stock | Stockholder Servicing Fees
Summary Of Significant Accounting Policies [Line Items]
Monthly servicing fee accrual description	accrues daily in an amount equal to 1/365th of 1% of the purchase price per share
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

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Estimated Useful Lives Used to Depreciate Real Property Assets (Detail)	12 Months Ended
	Dec. 31, 2022
Land
Property, Plant and Equipment [Line Items]
Standard Depreciable Life	Not Depreciated
Buildings
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 Significant Accoun_6

Summary of Significant Accounting Policies - Summary of Fixed Rate Notes Payable (Detail) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Carrying Value	$ 157,169,423	$ 47,856,858
Fixed Rate Secured Debt
Debt Instrument [Line Items]
Fair Value	4,500,000	4,850,000
Carrying Value	$ 4,800,000	$ 4,800,000

Real Estate Facilities - Summar

Real Estate Facilities - Summary of Activity in Real Estate Facilities (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Real estate facilities
Real estate facilities, beginning balance	$ 75,356,725
Real estate facility acquisitions	184,044,871	$ 75,131,175
Improvements and additions	1,746,584	225,550
Impact of foreign exchange rate changes	(309,089)
Real estate facilities, ending balance	260,839,091	75,356,725
Accumulated depreciation
Accumulated depreciation, beginning balance	(597,090)
Depreciation expense	(4,498,700)	(597,090)
Impact of foreign exchange rate changes	2,508
Accumulated depreciation, ending balance	$ (5,093,282)	$ (597,090)

Real Estate Facilities - Summ_2

Real Estate Facilities - Summary of Purchase Price Allocations for Acquisitions (Detail)	12 Months Ended
	Dec. 31, 2022 USD ($)
Business Acquisition [Line Items]
Real Estate Assets	$ 184,044,871
Intangibles	4,136,944
Total	188,181,815	[1]
Revenue	3,875,724	[2]
Property Operating Income	$ 2,037,027	[2],[3]
WA | Vancouver
Business Acquisition [Line Items]
Acquisition Date	Mar. 29, 2022
Real Estate Assets	$ 24,612,304
Intangibles	655,415
Total	25,267,719	[1]
Revenue	810,944	[2]
Property Operating Income	$ 490,237	[2],[3]
OR | Portland
Business Acquisition [Line Items]
Acquisition Date	Mar. 31, 2022
Real Estate Assets	$ 14,916,544
Intangibles	256,765
Total	15,173,309	[1]
Revenue	473,282	[2]
Property Operating Income	$ 148,294	[2],[3]
DE | Newark
Business Acquisition [Line Items]
Acquisition Date	Apr. 26, 2022
Real Estate Assets	$ 20,004,449
Intangibles	243,259
Total	20,247,708	[1]
Revenue	417,979	[2]
Property Operating Income	$ 142,882	[2],[3]
PA | Levittown
Business Acquisition [Line Items]
Acquisition Date	Apr. 26, 2022
Real Estate Assets	$ 21,164,957
Intangibles	260,555
Total	21,425,512	[1]
Revenue	486,145	[2]
Property Operating Income	$ 137,143	[2],[3]
AZ | Chandler
Business Acquisition [Line Items]
Acquisition Date	May 17, 2022
Real Estate Assets	$ 25,351,752
Intangibles	425,695
Total	25,777,447	[1]
Revenue	609,289	[2]
Property Operating Income	$ 402,972	[2],[3]
FL | St. Johns
Business Acquisition [Line Items]
Acquisition Date	Jul. 08, 2022
Real Estate Assets	$ 14,167,605
Intangibles	380,645
Total	14,548,250	[1]
Revenue	438,208	[2]
Property Operating Income	$ 274,577	[2],[3]
FL | Oxford
Business Acquisition [Line Items]
Acquisition Date	Sep. 21, 2022
Real Estate Assets	$ 10,717,711
Intangibles	300,096
Total	11,017,807	[1]
Revenue	165,927	[2]
Property Operating Income	$ 96,867	[2],[3]
ONT | Burlington
Business Acquisition [Line Items]
Acquisition Date	Sep. 20, 2022
Real Estate Assets	$ 26,661,980
Intangibles	848,688
Total	27,510,668	[1]
Revenue	436,352	[2]
Property Operating Income	$ 320,586	[2],[3]
ONT | Cambridge
Business Acquisition [Line Items]
Acquisition Date	Dec. 20, 2022
Real Estate Assets	$ 26,447,569
Intangibles	765,826
Total	27,213,395	[1]
Revenue	37,598	[2]
Property Operating Income	$ 23,469	[2],[3]
[1] The allocations noted above are based on a determination of the relative fair value of the total consideration provided and represent the amount paid for the transaction, including capitalized acquisition costs. The operating results of the facilities acquired above have been included in our consolidated statements of operations since their respective acquisition date. Property operating income excludes corporate general and administrative expenses, asset management fees, depreciation, amortization, and acquisition expenses.

Investments in Unconsolidated_3

Investments in Unconsolidated Real Estate Ventures - Summary of Investments in Unconsolidated Real Estate Ventures (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Equity Method Investments [Line Items]
Carrying Value of Investment	$ 9,527,350	$ 9,632,360
Toronto | Ontario
Schedule Of Equity Method Investments [Line Items]
Date Real Estate Venture Acquired Land	April 2021
Real Estate Venture Status	Under development
Carrying Value of Investment	$ 3,820,955	3,750,217
Toronto II | Ontario
Schedule Of Equity Method Investments [Line Items]
Date Real Estate Venture Acquired Land	December 2021
Real Estate Venture Status	Under development
Carrying Value of Investment	$ 5,706,395	$ 5,882,143
SmartCentres
Schedule Of Equity Method Investments [Line Items]
Equity ownership percentage	50%
SmartCentres | Toronto | Ontario
Schedule Of Equity Method Investments [Line Items]
Equity ownership percentage	50%
SmartCentres | Toronto II | Ontario
Schedule Of Equity Method Investments [Line Items]
Equity ownership percentage	50%

Investments in Unconsolidated_4

Investments in Unconsolidated Real Estate Ventures - Additional Information (Detail) - CAD ($) $ in Thousands			12 Months Ended
	Dec. 14, 2021	Apr. 19, 2021	Dec. 31, 2022
Toronto
Schedule Of Equity Method Investments [Line Items]
Percentage of units subscribed at closing in limited partnership		50%
Subscription price of units in limited partnership		$ 4,250
Subscription price as percentage of agreed upon fair market value of land to be contributed to the limited partnership		50%
Percentage of units to be subscribed at closing in limited partnership		50%
Percentage of Estimated Development Cost Expected to Fund With Debt Proceeds			50%
Development costs			$ 9,000
Toronto II
Schedule Of Equity Method Investments [Line Items]
Percentage of units subscribed at closing in limited partnership	50%
Subscription price of units in limited partnership	$ 6,600
Subscription price as percentage of agreed upon fair market value of land to be contributed to the limited partnership	50%
Percentage of units to be subscribed at closing in limited partnership	50%
Percentage of Estimated Development Cost Expected to Fund With Debt Proceeds			50%
Development costs			$ 12,500

Secured Debt - Summary of Secur

Secured Debt - Summary of Secured Debt (Detail) - USD ($)		Dec. 31, 2022	Dec. 31, 2021	Nov. 30, 2021	Jul. 08, 2021
Line Of Credit Facility [Line Items]
Total Secured Debt		$ 157,169,423	$ 47,856,858
Huntington Credit Facility
Line Of Credit Facility [Line Items]
Total Secured Debt		$ 95,091,351	37,062,500
Interest Rate		6.94%
Maturity Date		Nov. 30, 2024		Nov. 30, 2024
Skymar Loan
Line Of Credit Facility [Line Items]
Total Secured Debt		$ 4,800,000	4,800,000
Interest Rate		4.125%			4.125%
Maturity Date		Aug. 01, 2024			Aug. 01, 2024
SmartStop Delayed Draw Mezzanine Loan
Line Of Credit Facility [Line Items]
Total Secured Debt		$ 35,000,000	6,800,000
Interest Rate		7.30%
Maturity Date		Dec. 30, 2023
National Bank of Canada | Burlington Loan
Line Of Credit Facility [Line Items]
Total Secured Debt	[1]	$ 12,055,230
Interest Rate	[1]	6.27%
Maturity Date	[1]	Sep. 20, 2025
National Bank of Canada | Cambridge Loan
Line Of Credit Facility [Line Items]
Total Secured Debt	[2]	$ 11,439,000
Interest Rate	[2]	6.09%
Maturity Date	[2]	Dec. 20, 2025
Secured Debt
Line Of Credit Facility [Line Items]
Total Secured Debt		$ 4,800,000	4,800,000
Debt issuance costs, net		$ (1,216,158)	$ (805,642)
[1] This variable rate loan encumbers our Burlington, ONT property and the amount shown above is in USD based on the foreign exchange rate in effect as of December 31, 2022. We entered into an interest rate swap agreement that fixes CDOR at 4.02 % until the maturity of the loan. This variable rate loan encumbers our Cambridge, ONT property and the amount shown above is in USD based on the foreign exchange rate in effect as of December 31, 2022. We entered into an interest rate swap agreement that fixes CDOR at 3.84 % until the maturity of the loan.

Secured Debt - Summary of Sec_2

Secured Debt - Summary of Secured Debt (Parenthetical) (Detail) - First National Loan - CDOR	Dec. 31, 2022
Burlington
Line of Credit Facility [Line Items]
Interest rate swap rate	4.02%
Cambridge
Line of Credit Facility [Line Items]
Interest rate swap rate	3.84%

Secured Debt - Additional Infor

Secured Debt - Additional Information (Details) $ in Millions

12 Months Ended

Dec. 20, 2022 USD ($)

Sep. 20, 2022 CAD ($)

May 26, 2022 USD ($)

May 17, 2022 USD ($)

Apr. 26, 2022 USD ($)

Dec. 30, 2021 USD ($)

Nov. 30, 2021 USD ($) SpecialEntity

Apr. 16, 2021 USD ($)

Mar. 11, 2021 USD ($)

Dec. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Dec. 20, 2022 CAD ($)

Dec. 19, 2022 USD ($)

Sep. 21, 2022 USD ($)

Jul. 08, 2022 USD ($)

Oct. 15, 2021

Oct. 14, 2021

Sep. 08, 2021

Sep. 07, 2021

Jul. 08, 2021 USD ($)

Line Of Credit Facility [Line Items]

Weighted average interest rate

6.82%

Payments of interest on loan

$ 30,608,851

$ 14,435,579

SmartStop Delayed Draw Mezzanine Loan Agreement | St. John Property

Line Of Credit Facility [Line Items]

Additional borrowings from credit facility

$ 7,200,000

SmartStop Delayed Draw Mezzanine Loan Agreement | Oxford Property

Line Of Credit Facility [Line Items]

Additional borrowings from credit facility

$ 11,000,000

Interest Rate Swap Agreement | CDOR

Line Of Credit Facility [Line Items]

Notional amount

[1]

$ 16,500,000

Huntington Loan

Line Of Credit Facility [Line Items]

Term loan maturity date

Mar. 11, 2024

Applicable interest rate

3.50%

Debt instrument carrying amount

$ 9,000,000

Loan amount drew

8,600,000

Payments of interest on loan

$ 400,000

Huntington Loan | LIBOR

Line Of Credit Facility [Line Items]

Debt instrument variable interest rate

2.75%

Debt instrument, basis spread on variable rate

2.75%

Huntington Credit Facility

Line Of Credit Facility [Line Items]

Number of Special Purpose Entities | SpecialEntity

3

Line of credit facility, maximum borrowing capacity

$ 50,000,000

Term loan maturity date

Nov. 30, 2024

Nov. 30, 2024

Applicable interest rate

6.94%

Line of credit facility, amount borrowed

$ 12,900,000

$ 14,700,000

$ 22,400,000

Huntington Credit Facility | Floor

Line Of Credit Facility [Line Items]

Applicable interest rate

3.25%

Huntington Credit Facility | Secured Overnight Financing Rate

Line Of Credit Facility [Line Items]

Debt instrument variable interest rate

2.61%

Debt instrument, basis spread on variable rate

2.61%

Huntington Credit Facility | Second Amendment

Line Of Credit Facility [Line Items]

Line of credit facility, maximum borrowing capacity

$ 100,000,000

Line of credit facility, amount borrowed

$ 30,600,000

14,500,000

Line of credit, additional borrowing capacity

$ 50,000,000

Huntington Bridge Loan

Line Of Credit Facility [Line Items]

Debt instrument carrying amount

$ 30,600,000

Revolving loan maturing date

Jul. 25, 2022

Debt instrument maturity date

Jul. 25, 2022

Huntington Bridge Loan | Floor

Line Of Credit Facility [Line Items]

Applicable interest rate

3.25%

Huntington Bridge Loan | Secured Overnight Financing Rate

Line Of Credit Facility [Line Items]

Debt instrument variable interest rate

2.61%

Debt instrument, basis spread on variable rate

2.61%

Skymar Loan

Line Of Credit Facility [Line Items]

Term loan maturity date

Aug. 01, 2024

Aug. 01, 2024

Applicable interest rate

4.125%

4.125%

Mortgage loan, amount

$ 4,800,000

Loans from SmartStop OP, L.P. | SmartStop Delayed Draw Mezzanine Loan Agreement | Bradenton Property and Apopka Property

Line Of Credit Facility [Line Items]

Commitment fee percentage

1%

Line of credit facility, amount borrowed

$ 6,800,000

Loans from SmartStop OP, L.P. | SmartStop Delayed Draw Mezzanine Loan Agreement | Cambridge Property

Line Of Credit Facility [Line Items]

Line of credit facility, maximum borrowing capacity

$ 55,000,000

$ 45,000,000

Applicable interest rate

7.30%

Line of credit facility, amount borrowed

$ 10,000,000

Loans from SmartStop OP, L.P. | SmartStop Delayed Draw Mezzanine Loan Agreement | Secured Overnight Financing Rate | Cambridge Property

Line Of Credit Facility [Line Items]

Debt instrument, description of variable rate basis

SOFR plus 3%

Debt instrument variable interest rate

3%

Debt instrument, basis spread on variable rate

3%

Loans from SmartStop OP, L.P. | Maximum | SmartStop Delayed Draw Mezzanine Loan Agreement | Bradenton Property and Apopka Property

Line Of Credit Facility [Line Items]

Loan in connection with acquisition of Bradenton Property and Apopka Property

$ 45,000,000

Mezzanine Loan

Line Of Credit Facility [Line Items]

Applicable interest rate

9.25%

8.50%

Debt instrument carrying amount

$ 3,500,000

Percentage of commitment fee equal to amount drawn at closing

1%

Term Loan

Line Of Credit Facility [Line Items]

Term loan maturity date

Apr. 16, 2022

Applicable interest rate

9.25%

8.50%

Debt instrument carrying amount

$ 2,100,000

Percentage of commitment fee equal to amount of term loan

1%

National Bank of Canada Loan | Interest Rate Swap Agreement | Burlington Property

Line Of Credit Facility [Line Items]

Notional amount

$ 16.5

National Bank of Canada | Burlington Property

Line Of Credit Facility [Line Items]

Term loan

$ 16.5

National Bank of Canada | Cambridge Property

Line Of Credit Facility [Line Items]

Term loan

$ 15.5

National Bank of Canada | CDOR | Burlington Property

Line Of Credit Facility [Line Items]

Debt instrument variable interest rate

2.25%

Interest rate term

one month

Debt instrument, basis spread on variable rate

2.25%

National Bank of Canada | CDOR | Cambridge Property

Line Of Credit Facility [Line Items]

Debt instrument variable interest rate

2.25%

Interest rate term

one month

Debt instrument, basis spread on variable rate

2.25%

National Bank of Canada | Interest Rate Swap Agreement | Burlington Property

Line Of Credit Facility [Line Items]

Revolving loan maturing date

Sep. 20, 2025

Debt instrument maturity date

Sep. 20, 2025

Debt instrument, frequency of payment

monthly

Debt instrument amortization period

25 years

National Bank of Canada | Interest Rate Swap Agreement | Cambridge Property

Line Of Credit Facility [Line Items]

Notional amount

$ 15.5

Revolving loan maturing date

Dec. 20, 2025

Debt instrument maturity date

Dec. 20, 2025

Debt instrument, frequency of payment

monthly

Debt instrument amortization period

25 years

National Bank of Canada | Interest Rate Swap Agreement | CDOR | Burlington Property

Line Of Credit Facility [Line Items]

Applicable interest rate

4.02%

National Bank of Canada | Interest Rate Swap Agreement | CDOR | Cambridge Property

Line Of Credit Facility [Line Items]

Applicable interest rate

3.84%

3.84%

Extended Maturity | Huntington Credit Facility

Line Of Credit Facility [Line Items]

Term loan maturity date

Nov. 30, 2026

Extended Maturity | Loans from SmartStop OP, L.P. | SmartStop Delayed Draw Mezzanine Loan Agreement | Cambridge Property

Line Of Credit Facility [Line Items]

Revolving loan maturing date

Dec. 30, 2023

Debt instrument maturity date

Dec. 30, 2023

[1] Notional amounts are denominated in CAD and have been designated as a cash flow hedge.

Secured Debt - Schedule of Secu

Secured Debt - Schedule of Secured Debt Future Principal Payments (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total	$ 157,169,423	$ 47,856,858
Secured Debt
Debt Instrument [Line Items]
2023	35,500,610
2024	100,835,991
2025	22,048,980
Thereafter	0
Total payments	158,385,581
Debt issuance costs, net	(1,216,158)	(805,642)
Total	$ 4,800,000	$ 4,800,000

Derivative Instruments - Summar

Derivative Instruments - Summary of Derivative Financial Instruments (Details) - CDOR	12 Months Ended
	Dec. 31, 2022 USD ($)	[1]
Interest Rate Swap
Derivative [Line Items]
Notional amount	$ 16,500,000
Strike	4.02%
Effective Date	Sep. 27, 2022
Maturity Date	Sep. 20, 2025
Interest Rate Swap II
Derivative [Line Items]
Notional amount	$ 15,500,000
Strike	3.84%
Effective Date	Dec. 20, 2022
Maturity Date	Dec. 20, 2025
[1] Notional amounts are denominated in CAD and have been designated as a cash flow hedge.

Derivative Instruments - Summ_2

Derivative Instruments - Summary of Derivatives Financial Instruments in Statement of Consolidated Balance Sheet (Details)	Dec. 31, 2022 USD ($)
Other Assets, Net | Interest Rate Swap
Derivative [Line Items]
Asset/Liability Derivatives Fair Value	$ 126,864

Derivative Instruments - Summ_3

Derivative Instruments - Summary of Effects of Derivative Financial Instruments on Consolidated Statements of Operations (Details)	12 Months Ended
	Dec. 31, 2022 USD ($)
Derivative [Line Items]
Gain (loss) recognized in other comprehensive income	$ 132,705
Gain (loss) reclassified from other comprehensive income	$ (5,841)
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Expense
Interest Rate Swap
Derivative [Line Items]
Gain (loss) recognized in other comprehensive income	$ 132,705
Gain (loss) reclassified from other comprehensive income	$ (5,841)

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Qualifying cash flow hedge reclassified to reduce interest expense	$ 0.2

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail)		12 Months Ended
	Mar. 08, 2021	Dec. 31, 2022 USD ($) Employee	Dec. 31, 2021 USD ($)	Jun. 30, 2022
Related Party Transaction [Line Items]
Maximum period for reimbursement of offering cost		60 days
Maximum offering cost rate		15%
Number of employees | Employee		0
Storage Auction Program
Related Party Transaction [Line Items]
Auction fees		$ 5,000	$ 0
Ownership percentage				50%
Tenant Programs
Related Party Transaction [Line Items]
Threshold percentage to purchase triggering member ownership interest in joint venture at fair market value	95%
Tenant Programs | TRS subsidiary
Related Party Transaction [Line Items]
Percentage of ownership interest in joint venture	0.10%
Percentage of net revenue generated from tenant insurance to be received under terms of joint venture agreement	0.10%
Class W Common Stock
Related Party Transaction [Line Items]
Percentage of offering cost without reimbursement		1%
Advisory Agreement
Related Party Transaction [Line Items]
Maximum period for reimbursement of offering cost		60 days
Maximum offering cost rate		15%
Number of employees | Employee		0
Gross proceeds from Public Offering, threshold percentage of expenses for reimbursement		15%
Acquisition fees as percentage of contract purchase price		1%
Monthly asset management fee		0.0625%
Monthly asset management fee one twelfth of less than zero point seven five percentage of asset value payable		one-twelfth of 0.75%
Operating expenses reimbursement percentage of average investment in assets		2%
Percentage of competitive commission rate		50%
Operating expenses reimbursement percentage of net income		25%
Operating expenses exceed limitation		12 months
Maximum days for disclosure fact		60 days
Advisory Agreement | Maximum
Related Party Transaction [Line Items]
Percentage of contract sales price of each property sold		1%
Advisory Agreement | Class W Common Stock
Related Party Transaction [Line Items]
Percentage of offering cost without reimbursement		1%
Amended Property Management Agreement
Related Party Transaction [Line Items]
Percentage of fee of Property Manager		6%
Property management agreement termination description		The property management agreements have a three-year term and automatically renew for successive three year periods thereafter, unless we or our Property Manager provide prior written notice at least 90 days prior to the expiration of the term. After the end of the initial three year term, either party may terminate a property management agreement generally upon 60 days’ prior written notice. With respect to each new property we acquire for which we enter into a property management agreement with our Property Manager we also pay our Property Manager a one-time start-up fee in the amount of $3,750.
Term of property management agreement		3 years
Renewal term of property management agreement		3 years
Notice period for property management agreement by property manager		60 days
Period of prior written notice for termination of property management agreement		90 days
Property manager one-time start-up fees		$ 3,750
Amended Property Management Agreement | Minimum
Related Party Transaction [Line Items]
Property Manager receives fee for services		$ 3,000
Transfer Agent Agreement
Related Party Transaction [Line Items]
Term of property management agreement		3 years
Renewal term of property management agreement		1 year
Period of prior written notice for termination of property management agreement		90 days
Affiliate of Property Manager | Tenant Programs
Related Party Transaction [Line Items]
Percentage of ownership interest in joint venture	99.90%
Percentage of net revenue generated from tenant insurance to be received under terms of joint venture agreement	99.90%
Tenant insurance revenue		$ 400,000	$ 100,000

Related Party Transactions - Su

Related Party Transactions - Summary of Related Party Costs (Detail) - USD ($)		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Related party costs, Incurred		$ 10,338,561	$ 4,045,098
Related party costs, Paid		9,354,375	3,319,477
Related party costs, Payable		1,709,807	725,621
Operating Expenses (Including Organizational Costs)
Related Party Transaction [Line Items]
Related party costs, Incurred		2,761,281	1,120,374
Related party costs, Paid		1,936,266	997,903
Related party costs, Payable		947,486	122,471
Asset Management Fees
Related Party Transaction [Line Items]
Related party costs, Incurred		1,348,314	178,282
Related party costs, Paid		1,370,458	156,138
Related party costs, Payable			22,144
Property Management Fees
Related Party Transaction [Line Items]
Related party costs, Incurred		551,493	96,505
Related party costs, Paid		559,698	88,300
Related party costs, Payable			8,205
Transfer Agent Expenses
Related Party Transaction [Line Items]
Related party costs, Incurred		145,716	42,949
Related party costs, Paid		138,529	42,949
Related party costs, Payable		7,187
Acquisition Expenses
Related Party Transaction [Line Items]
Related party costs, Incurred	[1]	631,575	662,957
Related party costs, Paid	[1]	739,556	551,302
Related party costs, Payable	[1]	3,674	111,655
Acquisition Related
Related Party Transaction [Line Items]
Related party costs, Incurred	[2]	4,797,897	1,442,319
Related party costs, Paid	[2]	4,442,083	1,046,673
Related party costs, Payable		751,460	395,646	[2]
Offering Costs
Related Party Transaction [Line Items]
Related party costs, Incurred		102,285	501,712
Related party costs, Paid		$ 167,785	436,212
Related party costs, Payable			$ 65,500
[1] Amounts include third party acquisition expenses paid by our Sponsor and reimbursed by the Company. Amounts include acquisition fees paid to our Sponsor and third party earnest money deposits paid by our Sponsor and reimbursed by the Company.

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2022 USD ($) shares
Commitments And Contingencies [Line Items]
Advisor purchased initial investment in operating partnership | $	$ 202,000
After One Year
Commitments And Contingencies [Line Items]
Redemption percentage	90%
After Two Years Purchase Date
Commitments And Contingencies [Line Items]
Redemption percentage	92.50%
After Three Years Purchase Date
Commitments And Contingencies [Line Items]
Redemption percentage	95%
After Four Years Purchase Date
Commitments And Contingencies [Line Items]
Redemption percentage	100%
Distribution Reinvestment Plan
Commitments And Contingencies [Line Items]
Percentage of offering price offered in the private offering as purchase price per share	95%
Percentage of current offering price of shares in primary offering as purchase price per share	95%
Sales commission or dealer manager fee payable | $	$ 0
Amendment, suspension or termination period for distribution reinvestment plan	10 days
Distribution Reinvestment Plan | Class P Common Stock
Commitments And Contingencies [Line Items]
Issuance of shares for distribution reinvestment plan (in shares)	300,000
Distribution Reinvestment Plan | Class A Common Stock
Commitments And Contingencies [Line Items]
Issuance of shares for distribution reinvestment plan (in shares)	10,000
Distribution Reinvestment Plan | Class T Common Stock
Commitments And Contingencies [Line Items]
Issuance of shares for distribution reinvestment plan (in shares)	17,000
Distribution Reinvestment Plan | Class W Common Stock
Commitments And Contingencies [Line Items]
Issuance of shares for distribution reinvestment plan (in shares)	2,000
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%
Share issued	0
Shares issued under distribution reinvestment plan	0
Share Redemption Program | Minimum
Commitments And Contingencies [Line Items]
Shareholders share holding period	1 year
Operating Partnership Redemption Rights
Commitments And Contingencies [Line Items]
Number of shares issuable upon conversion of partnership units	1
Requisite minimum outstanding period for conversion eligibility	1 year
Advisor purchased initial investment in operating partnership | $	$ 202,000

Declaration of Distributions -

Declaration of Distributions - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2022 $ / shares
Class A Common Stock
Schedule Of Stockholders Equity [Line Items]
Common stock daily distribution declared	$ 0.001698
Common stock daily distribution declared date	Dec. 21, 2022
Cash distribution record date start	Jan. 01, 2023
Cash distribution, description	On December 21, 2022, our board of directors declared a daily distribution rate of approximately $0.001698 per day per share on the outstanding shares of common stock payable to Class A, Class T, Class W and Class P stockholders of record of such shares as shown on our books at the close of business on each day of the period commencing on January 1, 2023 and ending March 31, 2023.
Cash distribution record date end	Mar. 31, 2023
Class T Common Stock
Schedule Of Stockholders Equity [Line Items]
Common stock daily distribution declared	$ 0.001698
Common stock daily distribution declared date	Dec. 21, 2022
Cash distribution record date start	Jan. 01, 2023
Cash distribution, description	On December 21, 2022, our board of directors declared a daily distribution rate of approximately $0.001698 per day per share on the outstanding shares of common stock payable to Class A, Class T, Class W and Class P stockholders of record of such shares as shown on our books at the close of business on each day of the period commencing on January 1, 2023 and ending March 31, 2023.
Cash distribution record date end	Mar. 31, 2023
Class T shares, net of stockholder servicing fee	$ 0.001424
Class W Common Stock
Schedule Of Stockholders Equity [Line Items]
Common stock daily distribution declared	$ 0.001698
Common stock daily distribution declared date	Dec. 21, 2022
Cash distribution record date start	Jan. 01, 2023
Cash distribution, description	On December 21, 2022, our board of directors declared a daily distribution rate of approximately $0.001698 per day per share on the outstanding shares of common stock payable to Class A, Class T, Class W and Class P stockholders of record of such shares as shown on our books at the close of business on each day of the period commencing on January 1, 2023 and ending March 31, 2023.
Cash distribution record date end	Mar. 31, 2023
Class W shares, net of dealer manager servicing fee	$ 0.001569
Class P Common Stock
Schedule Of Stockholders Equity [Line Items]
Common stock daily distribution declared	$ 0.001698
Common stock daily distribution declared date	Dec. 21, 2022
Cash distribution record date start	Jan. 01, 2023
Cash distribution, description	On December 21, 2022, our board of directors declared a daily distribution rate of approximately $0.001698 per day per share on the outstanding shares of common stock payable to Class A, Class T, Class W and Class P stockholders of record of such shares as shown on our books at the close of business on each day of the period commencing on January 1, 2023 and ending March 31, 2023.
Cash distribution record date end	Mar. 31, 2023

Potential Acquisitions - Additi

Potential Acquisitions - Additional Information (Detail) - CAD ($)					12 Months Ended
	Aug. 03, 2022	Aug. 31, 2021	Jul. 15, 2021	May 19, 2021	Dec. 31, 2022
Business Acquisition [Line Items]
Potential business acquisition description					We expect to fund the acquisition of the Hamilton Land with a combination of net proceeds from our Primary Offering and/or potential future debt financing. If we fail to complete the acquisition, we may forfeit CAD $150,000 in earnest money deposits.
Potential Acquisition of Etobicoke Property
Business Acquisition [Line Items]
Purchase and sale agreement execution date					May 19, 2021
Purchase price for potential business acquisition				$ 2,200,000
Potential business acquisition description					We expect to fund the acquisition of the Etobicoke Property with net proceeds from our Primary Offering. If we fail to complete the acquisition, we may forfeit CAD $1.1 million in earnest money deposits.
Earnest money may be forfeited upon failure of acquisition				$ 1,100,000
Potential Acquisition of Scarborough Property
Business Acquisition [Line Items]
Purchase and sale agreement execution date					Jul. 15, 2021
Purchase price for potential business acquisition			$ 2,200,000
Potential business acquisition description					We expect to fund the acquisition of the Scarborough Property with a combination of net proceeds from our Primary Offering and/or potential future debt financing. If we fail to complete the acquisition, we may forfeit CAD $250,000 in earnest money deposits.
Earnest money may be forfeited upon failure of acquisition			$ 250,000
Potential Acquisition of Hamilton Property
Business Acquisition [Line Items]
Purchase and sale agreement execution date					Aug. 31, 2021
Percentage of units to be subscribed at closing in limited partnership		50%
Subscription price of units in limited partnership		$ 750,000
Subscription price as percentage of agreed upon fair market value of land to be contributed to the limited partnership		50%
Earnest money may be forfeited upon failure of acquisition		$ 150,000
Potential Acquisition of Hamilton Property | Hamilton Limited Partnership
Business Acquisition [Line Items]
Percentage owned by general partner in the limited partnership		50%
Potential Acquisition of New Westminster Property
Business Acquisition [Line Items]
Purchase and sale agreement execution date					Aug. 03, 2022
Percentage of units to be subscribed at closing in limited partnership	50%
Subscription price of units in limited partnership	$ 3,300,000
Subscription price as percentage of agreed upon fair market value of land to be contributed to the limited partnership	50%
Potential business acquisition description					We expect to fund the acquisition of the New Westminster Land with a combination of net proceeds from our Primary Offering and/or potential future debt financing. If we fail to complete the acquisition, we may forfeit CAD $660,000 in earnest money deposits.
Earnest money may be forfeited upon failure of acquisition	$ 660,000
Potential Acquisition of New Westminster Property | New Westminster Property
Business Acquisition [Line Items]
Percentage owned by general partner in the limited partnership	50%

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) $ / shares in Units, $ in Millions							12 Months Ended
		Mar. 17, 2023 USD ($) shares	Feb. 21, 2023 CAD ($)	Feb. 16, 2023 USD ($)	Jan. 31, 2023 USD ($)	Jan. 30, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Subsequent Event [Line Items]
Events of default, description							(i) a material default in the performance of, or material breach of any covenant, warranty or other agreement contained in the Second Amended and Restated Limited Partnership Agreement, the Amendment or the Unit Purchase Agreement by us or the Operating Partnership, as applicable, and the continuance of such default or breach for a period of 10 business days after written notice is given to us and the Operating Partnership; (b) an Event of Bankruptcy as to us, the Operating Partnership or any of our or its subsidiaries that has not been consented to in advance by the holders of the Preferred Units; (c) any breach or default or event of default that occurs under any instrument, agreement or indenture pertaining to any indebtedness of us or the Operating Partnership or any of our or its subsidiaries aggregating more than $5 million, the effect of which is to cause an acceleration, mandatory redemption or other required repurchase of such indebtedness or such indebtedness is otherwise declared to be due and payable or required to be prepaid, redeemed, or otherwise repurchased by us or the Operating Partnership or any such subsidiary prior to maturity thereof; and (d) our failure to qualify as a REIT under the Code.
Gross proceeds from issuance of common stock							$ 103,913,984	$ 47,427,658
CDOR | Interest Rate Swap Agreement
Subsequent Event [Line Items]
Notional amount	[1]						$ 16,500,000
Subsequent Event
Subsequent Event [Line Items]
Percentage of preferred units distribution rate, until second anniversary date of issuance						7%
Percentage of preferred units distribution rate, until third anniversary date of issuance						8%
Percentage of preferred units distribution rate, until fourth anniversary date of issuance						9%
Percentage of preferred units distribution rate, thereafter						10%
Subsequent Event | Series A Cumulative Redeemable Preferred Units | Preferred Investor
Subsequent Event [Line Items]
Issuance of preferred units | shares						600,000
Preferred units, liquidation preference | $ / shares						$ 25
Capital contribution to operating partnership						$ 15,000,000
Payment of preferred investor investment fees						$ 150,000
Subsequent Event | Class P Common Stock
Subsequent Event [Line Items]
Common stock issued in connection with offering | shares		10,900,000
Gross proceeds from issuance of common stock		$ 104,000,000
Subsequent Event | Class A Common Stock
Subsequent Event [Line Items]
Common stock issued in connection with offering | shares		2,000,000
Gross proceeds from issuance of common stock		$ 20,900,000
Subsequent Event | Class T Common Stock
Subsequent Event [Line Items]
Common stock issued in connection with offering | shares		3,600,000
Gross proceeds from issuance of common stock		$ 36,100,000
Subsequent Event | Class W Common Stock
Subsequent Event [Line Items]
Common stock issued in connection with offering | shares		400,000
Gross proceeds from issuance of common stock		$ 3,500,000
Subsequent Event | Dorval Land [Member]
Subsequent Event [Line Items]
Percentage of units to be subscribed at closing in limited partnership			50%
Subsequent Event | Acquisition of Edmonton Property | SmartStop Delayed Draw Mezzanine Loan Agreement
Subsequent Event [Line Items]
Purchase price					$ 15,000,000
Line of credit facility, amount borrowed					15,000,000
Subsequent Event | Acquisition of North York Property
Subsequent Event [Line Items]
Purchase price					50,500,000
Subsequent Event | Acquisition of North York Property | National Bank of Canada Loan
Subsequent Event [Line Items]
Term loan					25,000,000
Subsequent Event | Acquisition of North York Property | National Bank of Canada Loan | Interest Rate Swap Agreement
Subsequent Event [Line Items]
Notional amount					$ 25,000,000
Debt instrument, initial term					2 years
Debt instrument maturity date					Jan. 31, 2025
Debt instrument, frequency of payment					monthly
Debt instrument amortization period					25 years
Subsequent Event | Acquisition of North York Property | National Bank of Canada Loan | CDOR
Subsequent Event [Line Items]
Interest rate term					P1M
Debt instrument variable interest rate					2.40%
Subsequent Event | Acquisition of North York Property | National Bank of Canada Loan | CDOR | Interest Rate Swap Agreement
Subsequent Event [Line Items]
Applicable interest rate					3.79%
Subsequent Event | Acquisition of Bradenton Expansion Land
Subsequent Event [Line Items]
Purchase price				$ 1,400,000
Subsequent Event | Acquisition of Dorval Property
Subsequent Event [Line Items]
Percentage of units to be subscribed at closing in limited partnership			50%
Subscription price of units in limited partnership			$ 3
Subsequent Event | Acquisition of Dorval Property | Dorval Land [Member]
Subsequent Event [Line Items]
Percentage owned by general partner in the limited partnership			50%
[1] Notional amounts are denominated in CAD and have been designated as a cash flow hedge.

Schedule III - Real Estate an_2

Schedule III - Real Estate and Accumulated Depreciation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Encumbrances	$ 148,385,581
Initial Cost to Company, Land	50,188,658
Initial Cost to Company, Buildings and Improvements	208,678,299
Initial Cost to Company, Total	258,866,957
Cost Capitalized Subsequent to Acquisition	1,972,385
Gross Carrying Amount, Land	50,188,659
Gross Carrying Amount, Buildings and Improvements	210,650,432
Gross Carrying Amount, Total	260,839,091
Accumulated Depreciation	(5,093,282)	$ (597,090)
Construction in proces	347,308
Phoenix | AZ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Encumbrances	8,800,000
Initial Cost to Company, Land	2,171,375
Initial Cost to Company, Buildings and Improvements	13,783,862
Initial Cost to Company, Total	15,955,237
Cost Capitalized Subsequent to Acquisition	149,424
Gross Carrying Amount, Land	2,171,375
Gross Carrying Amount, Buildings and Improvements	13,933,286
Gross Carrying Amount, Total	16,104,661
Accumulated Depreciation	$ (772,863)
Date of Construction	2020
Date Acquired	May 01, 2021
Las Vegas | NV
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Encumbrances	$ 4,800,000
Initial Cost to Company, Land	1,468,351
Initial Cost to Company, Buildings and Improvements	6,541,089
Initial Cost to Company, Total	8,009,440
Cost Capitalized Subsequent to Acquisition	122,397
Gross Carrying Amount, Land	1,468,351
Gross Carrying Amount, Buildings and Improvements	6,663,486
Gross Carrying Amount, Total	8,131,837
Accumulated Depreciation	$ (377,317)
Date of Construction	2020
Date Acquired	Jun. 01, 2021
Surprise | AZ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Encumbrances	$ 7,425,000
Initial Cost to Company, Land	1,742,097
Initial Cost to Company, Buildings and Improvements	11,324,006
Initial Cost to Company, Total	13,066,103
Cost Capitalized Subsequent to Acquisition	186,842
Gross Carrying Amount, Land	1,742,097
Gross Carrying Amount, Buildings and Improvements	11,510,848
Gross Carrying Amount, Total	13,252,945
Accumulated Depreciation	$ (514,039)
Date of Construction	2017
Date Acquired	Aug. 26, 2021
Phoenix II | AZ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Encumbrances	$ 6,160,000
Initial Cost to Company, Land	806,933
Initial Cost to Company, Buildings and Improvements	10,333,050
Initial Cost to Company, Total	11,139,983
Cost Capitalized Subsequent to Acquisition	135,899
Gross Carrying Amount, Land	806,933
Gross Carrying Amount, Buildings and Improvements	10,468,949
Gross Carrying Amount, Total	11,275,882
Accumulated Depreciation	$ (348,854)
Date of Construction	2021
Date Acquired	Nov. 30, 2021
Bradenton | FL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Encumbrances	$ 12,507,500
Initial Cost to Company, Land	2,293,357
Initial Cost to Company, Buildings and Improvements	13,212,166
Initial Cost to Company, Total	15,505,523
Cost Capitalized Subsequent to Acquisition	178,082
Gross Carrying Amount, Land	2,293,357
Gross Carrying Amount, Buildings and Improvements	13,390,248
Gross Carrying Amount, Total	15,683,605
Accumulated Depreciation	(407,307)
Construction in proces	$ 4,000
Date of Construction	2020
Date Acquired	Dec. 30, 2021
Apopka | FL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Encumbrances	$ 8,970,000
Initial Cost to Company, Land	2,329,786
Initial Cost to Company, Buildings and Improvements	9,125,103
Initial Cost to Company, Total	11,454,889
Cost Capitalized Subsequent to Acquisition	235,885
Gross Carrying Amount, Land	2,329,786
Gross Carrying Amount, Buildings and Improvements	9,360,988
Gross Carrying Amount, Total	11,690,774
Accumulated Depreciation	(290,542)
Construction in proces	$ 32,103
Date of Construction	2021
Date Acquired	Dec. 30, 2021
Vancouver | WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Encumbrances	$ 13,750,000
Initial Cost to Company, Land	1,422,900
Initial Cost to Company, Buildings and Improvements	23,189,404
Initial Cost to Company, Total	24,612,304
Cost Capitalized Subsequent to Acquisition	101,729
Gross Carrying Amount, Land	1,422,900
Gross Carrying Amount, Buildings and Improvements	23,291,133
Gross Carrying Amount, Total	24,714,033
Accumulated Depreciation	$ (515,625)
Date of Construction	2020
Date Acquired	Mar. 29, 2022
Portland | OR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Encumbrances	$ 8,250,000
Initial Cost to Company, Land	4,298,103
Initial Cost to Company, Buildings and Improvements	10,618,441
Initial Cost to Company, Total	14,916,544
Cost Capitalized Subsequent to Acquisition	98,701
Gross Carrying Amount, Land	4,298,103
Gross Carrying Amount, Buildings and Improvements	10,717,142
Gross Carrying Amount, Total	15,015,245
Accumulated Depreciation	$ (250,149)
Date of Construction, One	1975
Date of Construction, Two	2020
Date Acquired	Mar. 31, 2022
Newark | DE
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Encumbrances	$ 10,808,851
Initial Cost to Company, Land	2,167,103
Initial Cost to Company, Buildings and Improvements	17,837,346
Initial Cost to Company, Total	20,004,449
Cost Capitalized Subsequent to Acquisition	97,819
Gross Carrying Amount, Land	2,167,103
Gross Carrying Amount, Buildings and Improvements	17,935,165
Gross Carrying Amount, Total	20,102,268
Accumulated Depreciation	(366,224)
Construction in proces	$ 120,960
Date of Construction	2021
Date Acquired	Apr. 26, 2022
Levittown | PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Encumbrances	$ 11,550,000
Initial Cost to Company, Land	3,495,978
Initial Cost to Company, Buildings and Improvements	17,668,979
Initial Cost to Company, Total	21,164,957
Cost Capitalized Subsequent to Acquisition	103,113
Gross Carrying Amount, Land	3,495,978
Gross Carrying Amount, Buildings and Improvements	17,772,092
Gross Carrying Amount, Total	21,268,070
Accumulated Depreciation	(369,315)
Construction in proces	$ 140,940
Date of Construction	2021
Date Acquired	Apr. 26, 2022
Chandler | AZ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Encumbrances	$ 13,670,000
Initial Cost to Company, Land	4,795,960
Initial Cost to Company, Buildings and Improvements	20,555,792
Initial Cost to Company, Total	25,351,752
Cost Capitalized Subsequent to Acquisition	230,169
Gross Carrying Amount, Land	4,795,960
Gross Carrying Amount, Buildings and Improvements	20,785,961
Gross Carrying Amount, Total	25,581,921
Accumulated Depreciation	$ (461,761)
Date of Construction, One	1996
Date of Construction, Two	2022
Date Acquired	May 17, 2022
St. Johns | FL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Encumbrances	$ 7,200,000
Initial Cost to Company, Land	3,708,927
Initial Cost to Company, Buildings and Improvements	10,458,678
Initial Cost to Company, Total	14,167,605
Cost Capitalized Subsequent to Acquisition	97,007
Gross Carrying Amount, Land	3,708,927
Gross Carrying Amount, Buildings and Improvements	10,555,685
Gross Carrying Amount, Total	14,264,612
Accumulated Depreciation	(158,656)
Construction in proces	$ 26,662
Date of Construction, One	2006
Date of Construction, Two	2007
Date Acquired	Jul. 08, 2022
Burlington | ONT
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Encumbrances	$ 12,055,230
Initial Cost to Company, Land	10,638,348
Initial Cost to Company, Buildings and Improvements	15,548,407
Initial Cost to Company, Total	26,186,755
Cost Capitalized Subsequent to Acquisition	189,458
Gross Carrying Amount, Land	10,638,348
Gross Carrying Amount, Buildings and Improvements	15,737,865
Gross Carrying Amount, Total	26,376,213
Accumulated Depreciation	$ (145,621)
Date of Construction, One	1979
Date of Construction, Two	2001
Date Acquired	Sep. 20, 2022
Oxford | FL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Encumbrances	$ 11,000,000
Initial Cost to Company, Land	1,311,463
Initial Cost to Company, Buildings and Improvements	9,406,248
Initial Cost to Company, Total	10,717,711
Cost Capitalized Subsequent to Acquisition	45,860
Gross Carrying Amount, Land	1,311,463
Gross Carrying Amount, Buildings and Improvements	9,452,108
Gross Carrying Amount, Total	10,763,571
Accumulated Depreciation	(92,772)
Construction in proces	$ 22,643
Date of Construction	2001
Date Acquired	Sep. 21, 2022
Cambridge | ONT
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Encumbrances	$ 11,439,000
Initial Cost to Company, Land	7,537,977
Initial Cost to Company, Buildings and Improvements	19,075,728
Initial Cost to Company, Total	26,613,705
Gross Carrying Amount, Land	7,537,978
Gross Carrying Amount, Buildings and Improvements	19,075,476
Gross Carrying Amount, Total	26,613,454
Accumulated Depreciation	$ (22,237)
Date of Construction, One	1965
Date of Construction, Two	2019
Date Acquired	Dec. 20, 2022

Schedule III - Real Estate an_3

Schedule III - Real Estate and Accumulated Depreciation (Parenthetical) (Details)	Dec. 31, 2022 USD ($)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Aggregate cost of real estate for United States federal income tax purposes	$ 267,859,045

Schedule III - Summary of Activ

Schedule III - Summary of Activity in Real Estate Facilities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Real estate facilities, beginning balance	$ 75,356,725
Real Estate Facility Acquisitions	184,044,871	$ 75,131,175
Improvements and additions	1,746,584	225,550
Impact of foreign exchange rate changes	(309,089)
Real estate facilities, ending balance	260,839,091	75,356,725
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Accumulated depreciation, beginning balance	(597,090)
Depreciation expense	(4,498,700)	(597,090)
Impact of foreign exchange rate changes	2,508
Accumulated depreciation, ending balance	(5,093,282)	(597,090)
Real estate facilities, net	$ 255,745,809	$ 74,759,635