Significant Accounting Policies - Allocation for the acquisition (Details) - USD ($) |
Jun. 23, 2023 |
Dec. 31, 2023 |
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2023 Acquisition | ||
Land | $ 3,956,786 | |
Building, net | 4,904,866 | |
Site improvements, net | 353,262 | |
Tenant improvements | 1,182,842 | |
Lease in-place intangible (included in other assets) | 568,460 | |
Deferred leasing costs (included in other assets) | 386,923 | |
Wesport, CT | ||
2023 Acquisition | ||
Land | $ 3,956,786 | |
Building, net | 4,935,714 | |
Site improvements, net | 359,249 | |
Tenant improvements | 1,182,842 | |
Below-market lease intangible | (664,737) | $ (664,737) |
Lease in-place intangible (included in other assets) | 568,460 | |
Deferred leasing costs (included in other assets) | 386,923 | |
Total | $ 10,725,237 |
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- Definition Amount of consideration transferred in asset acquisition. Includes, but is not limited to, cash, liability incurred by acquirer, and equity interest issued by acquirer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after amortization of leases acquired as part of a real property acquisition at below market lease rate with a finite life. No definition available.
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- Definition This element represents costs incurred by the lessor that are (a) costs to originate a lease incurred in transactions with independent third parties that (i) result directly from and are essential to acquire that lease and (ii) would not have been incurred had that leasing transaction not occurred and (b) certain costs directly related to specified activities performed by the lessor for that lease. Those activities are: evaluating the prospective lessee's financial condition; evaluating and recording guarantees, collateral, and other security arrangements; negotiating lease terms; preparing and processing lease documents; and closing the transaction. This element is net of accumulated amortization. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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- Definition This element represents the amount of value allocated by a lessor (acquirer) to lease agreements which exist at acquisition of a leased property. Such amount may include the value assigned to existing tenant relationships and excludes the market adjustment component of the value assigned for above or below-market leases acquired. No definition available.
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- Definition Aggregate of the carrying amounts as of the balance sheet date of investments in building and building improvements. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before accumulated depletion of real estate held for productive use, excluding land held for sale. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before accumulated depreciation and depletion of additions or improvements to real estate held for productive use. Examples include, but are not limited to, walkways, driveways, fences, and parking lots. No definition available.
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- Definition Carrying amount as of the balance sheet date of improvements having a life longer than one year that were made for the benefit of one or more tenants. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Details
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