Fulton Realty Capital guided a private investor through the purchase of a self-storage facility in Central New Jersey. Asset sourcing, CMBS financing, and all negotiations were orchestrated by Fulton's commercial real estate advisors.
Located between Philadelphia and New York City, the asset has strong demographics and excellent regional connectivity. The almost 30,000 rentable square foot property includes 261 standard storage units and 6 RV parking spaces.
The property boasted 85% physical occupancy at the time of closing and still offers significant upside potential. Fulton will work with the facility's new, professional management team to help improve the asset's curb appeal and security while enabling online rental capabilities.
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