Fulton Realty Capital advised a private client on the acquisition of a self-storage property in southwest Louisiana. Beyond sourcing the asset and managing all negotiations, Fulton's team also helped the client assume favorable CMBS financing and obtain additional seller financing.
The property features over 72,000 rentable square feet, including 329 climate-controlled storage units, 325 standard units, 26 RV parking spaces, and seven office spaces. Its proximity to two major highways offers exceptional connectivity and accessibility to the local community.
Fulton has helped the client hire a professional management company to oversee operations. Planned enhancements include new revenue management systems, rebranding, and a formalized marketing campaign.
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