Newport Beach, CA (October 25, 2023) – Buchanan Street Partners, LP (Buchanan), a Newport Beach, CA-based real estate investment management firm, has acquired a stabilized institutional quality self-storage facility located at 12200 Rock Creek Road, Auburn, CA. The 116,500-square-foot facility, comprised of 825 self-storage units and 40 RV parking spaces, was purchased for $20.75 million, $178 per sq. ft., in an off-market transaction with a private owner operator. The transaction marks the fourth California self-storage property acquired by Buchanan in recent years.
