Buchanan Street Partners Enters Phoenix Self-Storage Market With $41M Acquisition

Buchanan Street Partners has entered the Phoenix self-storage market by acquiring two Class A self-storage facilities in Cave Creek and Mesa. The properties offer a combined 160,500 rentable square feet and 1,620 units. Located at 29640 North Tatum Boulevard and 2862 South Signal Butte Road, these self-storage facilities are prime assets in their respective markets.

Summary of transation details

• Property Type: Self Storage
• Transaction Amount: $41,000,000
• Units: 1,620
• Price per Unit (PPU): $25,309
• Square Footage (SF): 160,500
• Price per Square Foot (PPSF): $255

Represented by CBRE brokers Nick Walker and Walter Brauer, Buchanan Street Partners successfully closed the deal. The entry into the Phoenix self-storage market signifies a strategic move for Buchanan Street Partners and demonstrates their confidence in the growth potential of the market. With the acquisition of these two Class A self-storage facilities, Buchanan Street Partners has added significant assets to their investment portfolio.