Buchanan Street Partners LP has acquired a stabilized institutional quality self-storage facility in Auburn, CA for $20.75 mil in an off-market transaction. The 116.5k sf ($178/sf) facility, comprised of 825 self-storage units and 40 RV parking spaces, is located at 12200 Rock Creek Rd.

Buchanan Street Partners, based in Newport Beach, has bought an 825-unit self-storage project in Auburn, its first such purchase in Northern California. COURTESY BUCHANAN STREET PARTNERS