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CHINO HILLS, CALIF. — Newport Beach, Calif.-based Buchanan Street Partners has purchased a newly constructed, three-story self-storage facility located at 15443 Fairland Ranch Road in Chino Hills. A private developer sold the asset for $24.5 million in an off-market deal.
The 95,500-square-foot property features 920 climate-controlled units. Westport Properties will serve as third-party manager for the facility, which will operate under the US Storage Centers brand.
The transaction marks the third California self-storage facility purchased by Buchanan within the last 12 months.