Fulton Realty Capital advised an individual investor on the acquisition of two self-storage properties in southeastern Connecticut. Asset sourcing, fixed rate CMBS financing, and all negotiations were led by Fulton’s team of real estate professionals.
Combined, the assets have 75,000 rentable SF, with over 500 self-storage units and 14 commercial units. At closing, the property was at 90% physical occupancy.
Leveraging its strong presence and market expertise in Connecticut, Fulton will help the client optimize both market and in-place tenant rates, as well as improve overall portfolio performance. To support these efforts, the facilities will be operated by a professional, third-party management company.