FreeUp Storage Lake Stevens
Washington
Join Spartan in acquiring a stabilized self-storage facility strategically located in the thriving market of Lake Stevens, WA.
This investment opportunity features 31,035 Net Rentable Square Feet spread across 403 units, currently operating at a strong 93% occupancy. The facility’s rents presently average $22 per square foot, providing immediate and clear upside potential when benchmarked against competitor market rates of $24 per square foot.
Spartan will leverage the automation and management platform, StorEase, administered by our in-house brand FreeUp Storage, to drive operational efficiencies, boost rental rates to market level, and maximize investor returns.
Positioned near Lake Stevens’ busiest retail corridor with visibility to over 29,000 daily vehicles, the property benefits directly from nearby commercial and residential growth. Lake Stevens is experiencing robust demographic expansion, significant increases in household incomes, and municipal development initiatives that include revitalized retail districts and housing expansion.
Investors gain access to immediate cash flow, value-add upside, and multiple viable exit strategies, supported by Spartan's expanding footprint in the Pacific Northwest, currently comprising 10 institutional-grade assets valued at over $100 million.
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Superior Location
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Residential Growth
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Asset Quality
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Market Strength
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Strong Income
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Stabilized Assets
Spartan Investment Group is Currently Raising Capital for FreeUp Storage Lake Stevens
The minimum investment is $50,000 and is open to accredited investors.
THE FREEUP STORAGE LAKE STEVENS
Class A members are those who invest a minimum of $100,000 and a maximum of $499,999. Class A investors receive a 5% preferred return.
Class B members are those who invest a minimum of $500,000 and a maximum of $999,999. Class B investors receive a 7% preferred return.
Class C members are those who invest a minimum of $1,000,000 or more. Class C investors receive a 8% preferred return.
Class B members are those who invest a minimum of $500,000 and a maximum of $999,999. Class B investors receive a 7% preferred return.
Class C members are those who invest a minimum of $1,000,000 or more. Class C investors receive a 8% preferred return.
This offering is being made under Rule 506(C) of the Securities Act of 1933. Accredited Investors are welcome to participate.
The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Spartan Investment Group, LLC and should not be made available to any other person or entity without the written consent of Spartan Investment Group, LLC. This offering memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the offering property. No warranty or representations, express or implied, are made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, or other conditions. The information is provided as of the date of the publication of this offering memorandum. These securities have not been approved or disapproved by the Securities and Exchange Commission nor has the Commission passed upon the accuracy or adequacy of this memorandum. Any representation to the contrary is a criminal offense.
The information in this offering is available to “accredited investors” only, as defined by Rule 501 of Regulation D of the Securities Act of 1933, and is furnished for your use as a potential investor in the company. By receiving this memorandum, you agree to not transmit, reproduce, or make this memorandum or any related exhibits or documents available to any other person or entity. Your failure to keep this memorandum strictly confidential may cause the company to incur actual damages of an indeterminable amount, possibly subjecting you to legal liability.
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