Fulton Realty Capital advised a private client on the acquisition of a self-storage facility near Houston, Texas. Fulton’s team of real estate professionals led asset sourcing, arranged fixed-rate CMBS financing, and handled all negotiations.
The 3.8-acre property offers over 70,000 rentable square feet, including 470 climate-controlled self-storage units, 97 standard units, and 21 surface parking spaces. Initially opened in 2018, the facility was expanded in 2022. Beyond its excellent curb appeal, the asset features a state-of-the-art security and access system, as well as diverse unit sizes.
A professional third-party management company will operate the facility. The Fulton team will assist with a strategic rebrand of the property and the implementation of a sophisticated revenue management system.
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