Fulton Realty Capital led the acquisition of a West Virginia self-storage facility, as part of a 1031 exchange for a private client. In addition to sourcing the off-market asset, Fulton's advisors facilitated all 1031 requirements, led negotiations, and arranged CMBS financing to help complete the transaction.
The 66,000 SF property features nearly 600 self-storage units, half of which climate-controlled. Located in close proximity to the state capital and major educational institutions, the facility is highly visible and accessible from an interstate highway.
The well-occupied, stabilized asset was previously independently owned. Fulton has helped secure professional third-party management to streamline operations and increase performance.