Evans, CO

Overview

Spartan Investment Group is acquiring a stabilized, cash-flowing self-storage facility located in Evans, Colorado — part of the rapidly growing Northern Colorado corridor. The facility consists of 472 non-climate-controlled units totaling 70,148 net rentable square feet and maintains over 90% occupancy. Rents are currently 17% below market, providing immediate upside potential through a mark-to-market strategy.

The property is strategically positioned along a high-traffic corridor near major residential developments and the University of Northern Colorado. With restrictive zoning limiting new competition and strong population growth (22% from 2010 to 2020), this asset is well-positioned for stable income and long-term value creation.