FreeUp Storage Aspen Park

Conifer, CO

SIG acquired a 128 unit, existing self-storage facility, in Conifer, CO. The facility conveyed a ½ acre vacant lot that was zoned residential. SIG rezoned the lot to allow for the development of an additional 14,000 square feet to double the size of the facility. The expansion is underway and expected to open in the summer of 2021.
  • Strong Market Fundamentals

  • 14,000 GSF

  • Expansion and Operational Improvements

  • Economies of Scale with other Spartan Properties

128
Units
14k
Square
Feet
10 yrs.
Target
Timeline
FreeUp Storage Aspen ParkCommercial development and operation of a self-storage facility.
Target Timeline10-year project hold with 100% refinance of investor capital in year five.

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Accredited Investor: In the United States, to be considered an accredited investor, one must have a net worth of at least one million US Dollars, excluding the value of one’s primary residence, or have income at least $200,000 each year for the last two years (or $300,000 combined income if married) and have the expectation to make the same amount this year.