The FreeUp Storage Madison (currently branded as Applewood Self Storage Portfolio) consists of two class-A storage facilities located in Madison, WI. The combined 108,960 net rentable square foot facilities consist of 709 self-storage units ranging in size from 5’x5’ to 13’x33’. The facilities offer climate and non-climate controlled units as well as outdoor parking spaces. SIG plans to expand the business by 20,000 square feet, make operational improvements, and re-brand them to our national brand, FreeUp Storage.
Offering Highlights:
Projected Day 1 Cash Flow (8%+ CoCR in YR1)
Over 10,000 new residential units within 15-minutes of the facility
A moratorium that prohibits the development of future single-story storage
Madison has the highest population growth in the state
Our site is grandfathered in to expand the facility by 20,000 square feet
Class A facility - will be the top asset in the Spartan portfolio and in the Madison market
Attractive loan terms - 3.55% interest rate, 18-month I/O period
To invest please contact contact us at investors@spartan-investors.com.
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