Rebusiness Online – Buchanan Street Buys 102,450 SF Self-Storage Facility in Portland

This article originally appeared in the Rebusiness Online.

Date: Mar 2, 2021

The self-storage facility at 6191 SE Powell Blvd. in Portland, Ore., offers 102,405 square feet of climate-controlled storage space.

PORTLAND, ORE. — Newport Beach, California-based Buchanan Street Partners has purchased a newly constructed self-storage facility located at 6191 S.E. Powell Blvd. in Portland. Leon Capital Group sold the property for $22 million in an off-market transaction.

The three-story asset, which will be rebranded as a US Storage Centers location, features 102,450 square feet of climate-controlled storage space. Buchanan Street acquired the property, which received its certificate of occupancy in July 2020, during lease-up.

Westport Properties will handle property management responsibilities.