{"id":9035,"date":"2025-05-16T12:38:34","date_gmt":"2025-05-16T12:38:34","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=9035"},"modified":"2025-06-02T16:41:28","modified_gmt":"2025-06-02T16:41:28","slug":"spartan-investment-group-opens-self-storage-property-in-eustis-fl","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/spartan-investment-group-opens-self-storage-property-in-eustis-fl\/","title":{"rendered":"Spartan Investment Group Opens Self Storage Property in Eustis, FL"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<figure style=\"width: 625px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" src=\"https:\/\/www.multihousingnews.com\/wp-content\/uploads\/sites\/57\/2025\/05\/FreeUp-Storage-Eustis.png\" alt=\"\" width=\"625\" height=\"484\" \/><figcaption class=\"wp-caption-text\">Aerial view FreeUp Storage Eustis in Florida. FreeUp Storage Eustis is Spartan\u2019s sixth property in the state. Image courtesy of Spartan Investment Group.<\/figcaption><\/figure><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The facility was built to meet growing demand in one of the nation&#8217;s top emerging markets.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Colorado-based real estate investment firm Spartan Investment Group has opened FreeUp Storage Eustis, a 660-unit 76,200 square-foot Class A asset located in Eustis, Fla. The company built the property from the ground up to meet self-storage facility needs in Central Florida.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">According to sources, Spartan bought the site located at 36536 South Fish Camp Road in the summer of 2024 from a private owner, receiving a $6 million construction loan from Renasant Bank.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Spartan\u2019s in-house construction team oversaw the construction of the facility, which was completed less than a year after purchasing the site.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">FreeUp Storage Eustis has a total of 66,975 net rentable square feet, and 340 of its units are climate-controlled. It\u2019s located just off Lake Eustis in Central Florida, 47 miles outside of Orlando.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">A recent analysis ranked North Central Florida as the top emerging self-storage market in the nation, due in part to the area\u2019s strong in-migration. As of March of this year, the region has more than 1 million square feet of space under construction, and its inventory has 2.2 square feet per person above the national average.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Throughout this year, Spartan Investment Group has expanded its self-storage portfolio across the U.S. Back in January, the company bought two self-storage facilities in Salem, Ore. totaling 164,752 net rentable square feet and 1,150 units.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">In Arkansas, Spartan made another acquisition of three storage facilities in Bentonville, Rogers and Springdale. With this purchase, Spartan added another 1,890 units and 323,780 net rentable square feet in the state. In the future, the company will be investing over $1 million in upgrades at the facilities.<\/span><\/span><\/span><\/p>\n<p><a href=\"https:\/\/www.multihousingnews.com\/spartan-opens-its-latest-self-storage-facility-in-florida\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\"><strong><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Source<\/span><\/span><\/span><\/strong><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The facility was built to meet growing demand in one of the nation&#8217;s top emerging markets. Colorado-based real estate investment firm Spartan Investment Group has opened FreeUp Storage Eustis, a 660-unit 76,200 square-foot Class A asset located in Eustis, Fla. The company built the property from the ground up to meet self-storage facility needs in Central Florida. According to sources, Spartan bought the site located at 36536 South Fish Camp Road in the summer of 2024 from a private owner, receiving a $6 million construction loan from Renasant Bank. Spartan\u2019s&hellip;<\/p>\n","protected":false},"author":13,"featured_media":9036,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[23],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/9035"}],"collection":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=9035"}],"version-history":[{"count":1,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/9035\/revisions"}],"predecessor-version":[{"id":9037,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/9035\/revisions\/9037"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/9036"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=9035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=9035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=9035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}