Fulton Realty Capital advised a private client on the acquisition of a unique self-storage complex in Southern Louisiana. The transaction was sourced, financed (CMBS), and negotiated by Fulton's commercial real estate experts.
The 150,000 SF asset includes 540 climate-controlled units, 15,000 SF of surface parking, and a cell tower. Nearly 100 music studio spaces are also on-site. These specialized units are leased on a month-to-month basis.
A significant capital improvement program is already planned to enhance curb appeal. Fulton also helped the client select a third-party management company to drive operational upgrades and improve performance. Located in a high population density submarket, the asset has tangible upside potential.