Fulton Realty Capital advised a high-net-worth investor on a self-storage facility acquisition near Billings, Montana. In addition to securing seller financing (fixed-rate, ten-year, full-term, interest-only), Fulton’s real estate professionals sourced and negotiated the transaction.
The 51,000 rentable SF property has 324 storage units. Despite 89% physical occupancy at closing, the investment offers significant upside potential.
Fulton has identified opportunities to improve performance through revenue management enhancements and expansion of the facility's tenant insurance program. Day-to-day operations will be overseen by a professional, third-party management company.
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