Fulton Realty Capital advised high-net-worth co-investors on the acquisition of a self-storage facility in the Orlando, Florida MSA. In addition to sourcing and negotiating the transaction, Fulton's advisors secured CMBS financing to facilitate the deal.
Constructed in 2017 and expanded in 2020, the Class A facility has over 60,000 SF of storage space, currently accommodating over 450 units and 5 RV/parking spaces. Located in a rapidly growing corridor, and sitting in the middle of a vast development program, the asset is well-positioned to take advantage of regional economic and population growth.
A professional management company, arranged by Fulton, will assume day-to-day oversight of the facility. New marketing programs, revenue management systems, and revenue streams are among the planned improvements.
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