Fulton Storage LLC recently purchased two Galizia's All Safe Storage facilities in Fulton, N.Y. The purchase was finalized on Nov. 21. The properties will be rebranded as Fulton Self Storage.
The facilities are located at 2723 County Route 57 and 153 N. 2nd St. The first is the company's primary location, sitting between Route 481 and Route 57 on 5.5 acres of commercially zoned land. This facility comprises eight buildings that were built between 2002 and 2006. The smaller in-town location sits at the corner of 2nd and Ontario streets, consisting of one building on .5 acres of commercially zoned land.
The total net leasable capacity of the properties totals 43,950 square feet. Both facilities are managed from a 150-square-foot management office at the Route 57 location. Occupancy has historically been high and remains so today, according to a press release issued by Investment Real Estate LLC, the firm that brokered the sale.
The facilities, constructed by self-storage building manufacturer Heritage Building Systems, include screw-down, pitched metal roofs, gravel driveways, exterior lighting, security cameras, a fenced perimeter, and a keypad-operated gate.
“With the seller’s and buyer’s cooperation, we overcame multiple issues over a year’s time to enable a sale to occur. Normally, self-storage properties sell in two to four months; but occasionally the broker has to go the extra mile to overcome all the issues," said John H. Gilliland, president and CEO of IRE.
Since its inception in 1998, York, Pa.-based IRE has specialized in self-storage brokerage, construction, management and development. The company offers property-management and consulting services to self-storage owners in the mid-Atlantic and Northeast states.