Fulton advised a private client on the acquisition of two West Virginia-based, self-storage properties. Sourcing, negotiations, and financing for the 55,000 SF portfolio were led by Fulton's team of commercial real estate advisors.
Built in the 2010s, the two assets boast a combined 450 self-storage units - more than half of which are climate-controlled. The highly-rated facilities are located in a high-income submarket in which no self-storage supply growth is currently planned.
Fulton also helped the client install a new management team. Focused on stable, long-term growth, these self-storage industry professionals will add ancillary revenue streams to the already high-occupancy assets and drive operational efficiencies.
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