Fulton Realty Capital guided a private client in acquiring a newly built self-storage facility in southern New Jersey. Fulton's team of real estate experts spearheaded asset sourcing, secured fixed-rate interest-only CMBS financing, and managed negotiations.
The 65,000-square-foot facility features 156 standard storage units and 434 climate-controlled units. The surrounding area boasts above-average household incomes and an anticipated population growth rate of 4%.
Fulton plans to leverage the property's high-quality construction and desirable location to increase rental rates, improve online presence, optimize rent collection, and enhance income streams. The facility will be operated by a third-party management company.
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