Fulton Realty Capital provided advisory services to a private client in support of their acquisition of a self-storage facility near Chicago, Illinois. The team of commercial real estate professionals at Fulton managed asset sourcing, conducted negotiations, and arranged financing.
The 80,000 rentable square feet facility features 655 climate-controlled storage units and one commercial unit. Situated at a prime location, the asset is at the intersection of two heavily trafficked roadways and near newly built retail and housing developments.
Although occupancy was over 95% at closing, Fulton has identified opportunities for upside potential. A professional third-party management company will operate the facility.
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