Fulton Realty Capital provided advisory services to a private client in support of their acquisition of a self-storage facility in southwest Louisiana. Fulton's team spearheaded asset sourcing, arranged fixed-rate CMBS financing, and conducted all negotiations.
The 2.73-acre property has over 50,000 rentable square feet and features 211 climate-controlled and 240 standard storage units. At the time of closing, the asset was 73% physically occupied.
A professional third-party operator has been hired to manage the facility. Plans are in place to enhance the property's curb appeal and increase its online presence through formalized marketing initiatives.
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