The Orange County Register – Buchanan breaks into Northern California with storage buy

This article originally appeared in The Orange County Register.

November 3, 2023

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.

“The Auburn transaction represented a unique opportunity for us to acquire a high-quality stabilized self-storage property near replacement cost and with plenty of upside potential through professional third-party property management,” said Feerooz Yacoobi, a vice president at the firm.  “I’m excited for Buchanan Street to break into the northern California market.”