Spartan Investment Group has closed on a duo of existing facilities in Lincoln, Nebraska. Totaling 78,402 net rentable square feet and 665 units, these acquisitions mark the first Nebraska-based properties in the firm’s portfolio.
“This expansion into the Nebraska market through two acquisitions in Lincoln was pivotal to expanding our self-storage portfolio,” said Scott Lewis, Spartan CEO and Co-Founder. “The thriving capital city of Nebraska is growing at a rate that outpaces most other cities in the country — an indicator that high-quality storage options are in demand.”
The portfolio is comprised of 1909 N 1st St. property, a 386-unit facility with 51,825 net rentable square feet and 700 N Cotner Blvd. property, a 279-unit facility with 26,577 net rentable square feet.
Initially built in 2001 and 2012 respectively, Spartan will invest $250K in upgrades and expand amenities at both locations. Spartan’s expansion into the Nebraska marks the beginning of expansion into the Great Plains region.
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