Fulton Realty Capital guided a private investor through the purchase of a self-storage facility in central Ohio. Asset sourcing, CMBS financing, and all negotiations were orchestrated by Fulton's commercial real estate advisors.
Located between four major metro areas (Cincinnati, Columbia, Dayton, Springfield), the property is easily accessible via I-70. It holds more than 250 storage units across 30,000 rentable SF.
The property boasted 91% physical occupancy at the time of closing and still offers significant upside potential. Fulton will help implement formalized marketing programs, sophisticated revenue management systems, and a tenant insurance program, while utilizing its market intelligence to optimize rental pricing. The facility will be operated by a professional, third-party management company.
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