Recent Transactions

24,000 SF Self-Storage Facility

October 16, 2023 Fulton Staff

New York and Self-Storage icons Fulton Realty Capital advised a private client on the acquisition of a self-storage property in New York’s Hudson Valley. Fulton’s team sourced the asset, secured fixed rate CMBS financing, and led all negotiations.

The 24,000 rentable SF facility has over 200 non-climate-controlled storage units. Although the asset was 86% occupied at closing, it still has significant upside potential.

Fulton has identified opportunities to improve performance. Formalized online marketing initiatives and a campaign to maximize use of the property's tenant insurance program will soon be implemented. In addition, a professional management company to been hired to oversee day-to-day operations.

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