Buchanan Street Partners Acquires 103,570-SF Self-Storage Facility in Las Vegas
Buchanan Street Partners has acquired a newly constructed, Class A self-storage facility located at 310 Rock Springs Drive in Las Vegas. The three-building development spans 103,570 square feet and includes 917 self-storage units. The asset was purchased for $21.8 million in an off-market transaction directly from the developer.
Acquired at certificate of occupancy upon completion, the facility features modern amenities, including a mix of climate-controlled interior units and drive-up access units. The property consists of three, three-story structures and is located along Rainbow Boulevard with visibility from Summerlin Parkway.
Formerly operated as a US Storage Centers location, the facility exemplifies Buchanan Street Partners’ strategy of assembling a portfolio of institutional-quality self-storage assets. The firm remains an active investor across the Western United States, pursuing both ground-up development and acquisition opportunities.
Buchanan is working toward the development of a $500+ million self-storage portfolio and is also a direct lender for bridge and construction financing within the sector.
