Fulton Realty Capital advised high-net-worth co-investors on the acquisition of a Class A, single-story, self-storage complex located in the Pittsburgh, Pennsylvania MSA. The transaction was sourced and negotiated by Fulton’s team of real estate professionals, who also arranged financing.
The complex contains a single-story self-storage facility of nearly 120,000 SF and over 800 units. It also includes 7 commercial tenant spaces leased to national and regional commercial tenants.
Revenue management systems and expense efficiencies, ancillary income streams, and formalized marketing programs are planned. The facility will be operated by a professional, third-party management company.