Colorado-based real estate investment firm, Spartan Investment Group, has recently completed the purchase of two existing self-storage facilities in Salem, Oregon. The properties span a total of 164,752 square feet and contain 1,150 units. This acquisition marks the eighth and ninth additions to Spartan’s growing portfolio in the Pacific Northwest region.
The two facilities are located within Salem and consist of Glen Creek with 633 units spanning over 93,252 square feet and Blossom Drive with 615 units covering an area of approximately71,500 square feet. Both properties were built in different years – Glen Creek was constructed in1992 while Blossom Drive was built more recently in2006. As part of their investment strategy for these properties,Spartan plans to make upgrades and add new amenities to enhance their value.
Spartan’s portfolio now includes a diverse range offacilities across the Pacific Northwest region including premier locations such as Sandy,Oregon,and Black Diamond,Washington which have been developed by Spartan’s own team.Additionally,in2024,Spartan expanded its presence by acquiring three Class A self-storage facilities across Vancouverand Portland.
This latest acquisition is just one exampleof how Spartan Investment Group continues togrow its presenceinthe competitive real estate market through strategic investmentsin high-performing assets like self-storagefacilities.The company remains committedto delivering exceptional returnsforits investorswhile also providing top-quality services for tenants at all itsproperties.
