Buchanan Street Partners Acquires South San Francisco Self-Storage Site
Deal News | Jul 22, 2025 | Buchanan Street Partners Inc
Buchanan Street Partners, a real estate investment firm based in Newport Beach, CA, has acquired a 0.7-acre property in South San Francisco for $7.65 million, marking its seventh self-storage investment in California. The firm plans to redevelop the existing 27,000 square foot warehouse into a state-of-the-art, three-story self-storage facility with 1,025 units, which is expected to be completed by December 2026. This development is part of Buchanan's strategy to invest in high-rent, supply-constrained markets in the Western U.S., addressing the limited self-storage supply in the area. California self-storage construction specialist DAI General Contracting will oversee the construction, while Farmers and Merchants Bank will provide financing. Buchanan Street Partners is also actively building a $500 million portfolio of self-storage assets and has ongoing projects in Upland, CA, and Las Vegas, NV.
Sectors
- Real Estate Development
- Self-Storage
- Construction
Geography
- United States – The primary focus of the article is on investment activities within the United States, particularly in California and Nevada.
- California – Buchanan Street Partners is based in Newport Beach, CA, and is heavily investing in self-storage projects across the state including the South San Francisco site.
- Nevada – Mentioned as part of Buchanan Street Partners' recent acquisition of a self-storage facility in Las Vegas, NV.
Industry
- Real Estate Development – The article discusses Buchanan Street Partners' acquisition of a property for redevelopment into a self-storage facility, highlighting their focus on real estate development in high-demand markets.
- Self-Storage – Focuses on the expansion of self-storage facilities, which is the main investment strategy of Buchanan Street Partners in the Western U.S. markets.
- Construction – Involves the planning and construction of a new self-storage facility, with specific mention of DAI General Contracting and KSP Architects.
Financials
- $7.65 million – The purchase price for the 0.7-acre property in South San Francisco.
- $500 million – The target size for Buchanan Street Partners' self-storage portfolio across the Western U.S.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Buchanan Street Partners | Buyer | Company | A Newport Beach, CA-based real estate investment management firm specializing in core-plus, value-add, and debt investments across various property types. |
| DAI General Contracting | Construction Contractor | Company | A specialist in self-storage construction in California, hired for the redevelopment project in South San Francisco. |
| KSP Architects | Architect | Company | Responsible for the architectural design of the new self-storage facility in South San Francisco. |
| Farmers and Merchants Bank | Financer | Company | Providing construction financing for Buchanan's self-storage redevelopment project. |
| Jon Suddarth | Vice President | Person | Vice President of Buchanan Street Partners, quoted discussing the company's investment strategy in self-storage. |