Fulton Realty Capital advised a private client on the purchase of a self-storage facility in Eastern Pennsylvania. In addition to securing CMBS financing, the Fulton team sourced the asset (an off-market, independently-owned facility) and negotiated the transaction.
The 25,000 SF property offers significant upside. Located in a submarket with strong supply/demand dynamics, the 190 unit property is almost fully-occupied at below-market rental rates. Professional management, secured by Fulton, will seek to improve performance through marketing planning, revenue stream expansion, landscaping upgrades, and modernized operations.
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