Fulton Realty Capital advised a private client on the acquisition of a two-property self-storage portfolio located in southeast Texas. Asset sourcing, fixed-rate seller financing, and negotiations were led by Fulton’s team of real estate professionals.
The 7.5-acre property offers over 127,000 rentable square feet, including 869 climate-controlled self-storage units, 190 standard units, and 8 RV parking spaces. Located just off a heavily trafficked highway, the property offers excellent connectivity and local access.
A new management team will rebrand the property and increase awareness by enhancing its online presence and implementing other formalized marketing programs. Fulton will leverage its extensive self-storage experience in Texas to help optimize tenant rental rates.
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