Fulton Realty Capital advised a private client on the acquisition of a self-storage facility located in Michigan's Metro Detroit region. Asset sourcing, CMBS financing, and negotiations were led by Fulton’s team of real estate professionals.
Comprised of 600 self-storage units across 116,000 rentable square feet, the facility is among the highest quality assets in its area. It is the only multi-story, climate-controlled facility within a 5-mile radius.
Located in a high-density, high-income submarket, the property has strong profitability growth potential. Opportunities to improve performance through revenue management systems and formalized marketing programs have already been identified. Fulton's team also helped the client secure a new management for the property.
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