Fulton Realty Capital advised a private client on the acquisition of a self-storage complex, as part of a 1031 exchange. In addition to sourcing the asset and facilitating all 1031 requirements, Fulton's advisors secured CMBS financing to help complete the transaction.
The 80,000 SF property is located in an undersupplied, Central Ohio submarket, with no new or planned storage development. Formerly independently owned, the complex has significant upside. Professional management has been secured to streamline operations and drive profitability.