The property includes roughly 75,000 rentable SF, with over 600 storage units (half of which are climate-controlled). At the time of closing, the property was at 80% physical occupancy.
Fulton will leverage its robust experience in Alabama's self-storage market to craft and implement a performance enhancement strategy for the property. In addition to optimizing both market and in-place tenant rates, Fulton's advisors will help rebrand the facility and transfer operations to a professional management company.