Fulton advised a high-net-worth investor on the acquisition of a self-storage facility in Central Georgia. The CMBS and convertible debt-financed transaction was entirely managed by Fulton's team. In addition to leading all negotiations, Fulton's advisors sourced the asset.
The 49,000 SF property includes 350 units, 165 of which are climate-controlled. Located at the intersection of two high-traffic roadways, the facility is proximate to a major supermarket and multiple chain retailers and restaurants.
An independent operator previously owned and managed the off-market property. With Fulton's assistance, the client has identified a professional management team to boost profitability at the already stable, high occupancy facility. Professional marketing and revenue management systems will be put in place, and additional revenue steams are planned.