Fulton Realty Capital advised a private client on the acquisition of 4 self-storage facilities in Southern Mississippi. The CMBS-financed transaction was sourced and negotiated by Fulton's real estate professionals.
The166,000 SF portfolio includes over 1,160 drive-up storage units of which 200 are climate-controlled. One property has a billboard on-site, and another features a rentable single-family home.
The portfolio will be operated by a professional, third-party management company. Fulton has identified opportunities to improve performance through revenue management systems and implementing expense efficiencies. Formalized marketing programs and ancillary income streams, such as a tenant insurance program, are planned.