Fulton Realty Capital advised a private client on the acquisition of an 11-building, mixed-use complex in the Dallas-Fort Worth area. Fulton's team sourced the property, secured 5-year fixed-rate CMBS financing, and led all negotiations.
The 100,000 SF property includes 20 flex-industrial units, 127 self-storage units, and 88 covered RV parking units. It is minutes away from major highways and interstates, providing strong access to the surrounding communities.
Priced below replacement cost, the complex's self-storage units were 90% occupied at close. The flex industrial units at 95% occupied at close. Fulton plans to rebrand the self-storage operation to broaden awareness and enhance the business's tenant insurance program.
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