Updated Dec 4, 2024
Buchanan Street Partners Acquires Auburn Self Storage Facility For $20.75M
12200 Rock Creek Road
$20,750,000
$178/SF
Building Size
116,500 SF
Asset Type
Self Storage
Closing
Oct 27, 2023
About this deal
AI
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.
On the Map
$20,750,000
$178/SF
Self Storage
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Players
Auburn Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93