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Buchanan Street Partners Acquires Auburn Self Storage Facility For $20.75M

Property Image
SOLD
$20,750,000

California

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Self Storage116,500 SF
Sold 10/27/2023
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Property Image
SOLD

Buchanan Street Partners Acquires Auburn Self Storage Facility For $20.75M

12200 Rock Creek Road

See Similar Deals
Self Storage116,500 SF
Sold 10/27/2023
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Self Storage
Price Per Square Foot:$178
Total Square Footage:116,500 SF
Transaction Type:Sale

Buchanan Street Partners, LP, a real estate investment management firm, has entered Northern California's market by acquiring a 116,500-square-foot self-storage facility in Auburn for $20.75 million. The facility, located at 12200 Rock Creek Road, features 825 self-storage units and 40 RV parking spaces. The sale price of $20.75 million corresponds to a price per square foot of $178.

Summary of transaction details

  • Property Type: Self Storage
  • Transaction Amount: $20,750,000
  • Address: 12200 Rock Creek Road
  • Market: Auburn
  • Buyer: Buchanan Street Partners

Feerooz Yacoobi, representing Buchanan Street Partners, facilitated the acquisition of the self-storage facility in Auburn. The property will be managed by Westport Properties, Inc., and offers potential for future expansion with two acres of vacant land.

Players

Buchanan Street Partners
Buchanan Street Partners
BROKERAGE
FY
Buchanan Street Partners
Feerooz Yacoobi
2 deals$47.2M volume
BUYER

Details

SOLD
IMAGE: Feerooz Yacoobi DATE: 10/27/2023 ADDRESS: 12200 Rock Creek Road MARKET: Auburn ASSET TYPE: Self Storage BUYER: Buchanan Street Partners (@BuchananStreetPartners) - Feerooz Yacoobi (@FY.40) SALE PRICE: $20,750,000 SF: 116,500 ~ PPSF: $178 NOTE: Buchanan Street Partners, LP, a real estate investment management firm, has entered Northern California's market by acquiring a 116,500-square-foot self-storage facility in Auburn for $20.75 million. The facility includes 825 self-storage units and 40 RV parking spaces and will be managed by Westport Properties, Inc., with potential for future expansion on two acres of vacant land.

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