Fulton Realty Capital oversaw the purchase of a self-storage facility in Maryland's Chesapeake Bay area. Fulton managed asset sourcing, CMBS financing, and negotiations on behalf of a private investor.
Located in a high-demand area with strong demographics and excellent connectivity, the property offers over 36,000 rentable SF, including 400 standing units and multiple RV parking spaces. At closing, the property was 90% occupied.
The client will leverage Fulton's deep experience in the Greater Washington DC MSA to optimize rental rates . A professional management company will oversee operations and assist with the implementation of multiple strategic initiatives.
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