Newport Beach, CA (June 21, 2023) – Buchanan Street Partners, L.P. (Buchanan), a Newport Beach, CA-based real estate investment management firm, has acquired two recently constructed Class A self-storage facilities in the Phoenix MSA. Located at 29640 N Tatum Blvd, Cave Creek, AZ and at 2862 S Signal Butte Rd, Mesa, AZ, the facilities total 160,500 rentable square feet and 1,620 units. The properties were acquired at a total purchase price of $41 million or $255 PSF. The seller was Garrett Development Corporation, and the transaction was brokered by CBRE’s Nick Walker and Walter Brauer. The acquisitions represent an entrance into a new market for Buchanan’s self-storage team as these two properties are Buchanan’s first storage acquisitions within the greater Phoenix MSA