Robert Brunswick, chairman of Buchanan Street Partners, sees an emerging edge for self-storage facilities as a real estate investment. Self-storage is generally more cost efficient than multifamily or industrial rents on a per square foot basis, so consumers are learning to utilize storage as a replacement to an extra bedroom, closet, attic or garage, he said.

Buchanan Street Partners, a national real estate investment management firm, named Stacia Hatfield to Senior Vice President, Investor Relations. She is responsible for growing Buchanan’s network of investment advisors/RIAs and assisting the Investor Relations team in servicing its broad base of investors.

Buchanan Street Partners, a national real estate investment management firm, named Stacia Hatfield to Senior Vice President, Investor Relations. She is responsible for growing Buchanan’s network of investment advisors/RIAs and assisting the Investor Relations team in servicing its broad base of investors.

Buchanan Street Partners LP, a Newport Beach, California-based real estate investment and management firm, acquired Quartz Drive Self Storage in Auburn, California, for $20.75 million. Built in 2009 on 9.2 acres, the facility at 12200 Rock Creek Road comprises 116,500 square feet in 825 units and 40 vehicle-storage spaces. The property will be managed by Westport Properties Inc., a privately held real estate investment company that operates the US Storage Centers brand.

Newport Beach-based Buchanan Street Partners recently bought a self-storage facility in Auburn for $21 million. The 116,500-square-foot facility includes 825 self-storage units and 40 RV parking spaces. The purchase marked the fourth self-storage property Buchanan has bought in California in recent years.

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

Buchanan Street Partners, LP, a Newport Beach-based real estate investment management firm, has entered the Northern California market, acquiring a stabilized, institutional quality self-storage facility located at 12200 Rock Creek Rd. In Auburn.