Spartan Acquires Self Storage Facility in LaGrange, GA under Spartan Storage Fund 1
Colorado-based Spartan Investment Group has acquired Lafayette Parkway Self Storage in LaGrange, GA. Spartan has grown in recent years, launching the firm’s first self-storage fund last year, Spartan Storage Fund 1.
The property will transition to FreeUp Storage LaGrange under the national banner in which Spartan manages its 65-property portfolio, 14 of them in Georgia. The 469-unit facility located at 1385 Lafayette Parkway includes 19 buildings encompassing nearly 80,000 square feet.
“We continue to prioritize strong acquisition opportunities for Spartan Storage Fund 1 and the facility in LaGrange passed our rigorous due diligence checklist to fit our needs for investors,” said Ryan Gibson, Chief Investment Officer at Spartan Investment Group. “The LaGrange area shows strong population growth potential, and as such, we believe this acquisition allows us to bring economies of scale to the property at a time when demand is sure to continue to increase in the coming years.”