This article originally appeared in The SpareFoot
November 13, 2024
Buchanan Street Partners, based in Newport Beach, CA, bought a 2.05-acre Inland Empire site at 1382 E. East Foothill Blvd., Upland, CA. Buchanan paid $6.25 million for the property in an off-market buy with a private owner/developer. It was Buchanan’s fifth California self-storage investment in recent years. The planned self-storage facility will have 1,180 units. Construction will begin immediately and the project is scheduled to be completed by January 2026.
Planned
Denise Nunez, executive managing director, and Andrew Agresta, investment sales associate at NAI Horizon, represented the seller and found the buyer in the $4.35 million sale of a permit-ready site at 19208 S. 196th St., Queen Creek, Arizona. A local developer acquired the 9.73-acre site, which is ready to build an RV/boat and self-storage facility. The planned development will consist of 149,115 NRSF, including 595 units with a mix of self-storage and RV/boat parking options. Source: East Valley Tribune
Under construction
Diamond Point Development broke ground on an 800-unit self-storage facility in Carmel, NY, in the Hudson Valley region. The multistory facility will have 81,000 NRSF of climate-controlled space. Extra Space Storage will manage the property and is developing the facility in partnership with Dallas, TX-based Rosewood Property Co. Source: RE Business Online