**Buchanan Street Partners Breaks Ground on Self-Storage Facility in Scotts Valley**
Buchanan Street Partners has officially broken ground on a new self-storage development in Scotts Valley, located at 10 Victor Square in Santa Cruz County. The project, situated on a 2.6-acre site, will feature a three-story facility encompassing 99,500 square feet and containing 760 storage units.
This marks Buchanan Street’s eighth self-storage investment in California over the past five years. The site was previously occupied by a 39,000-square-foot office/flex building that had been vacant since its previous use by a technology supply company. Demolition of the existing building began in January, and construction is expected to be completed by April 2027.
Buchanan Street has enlisted DAI General Contracting as the general contractor for the project and Valli Architecture as the project architect. East West Bank is providing construction financing.
“The current trade area has extremely limited availability of modern self-storage facilities, with the newest product in the market now nearly 25 years old,” said Jon Suddarth, Vice President at Buchanan Street Partners. “This development addresses a clear gap in the marketplace by replacing an outdated office structure with a high-quality, aesthetically designed Class A facility.”
The project is designed to meet increasing regional demand for modern storage solutions while contributing to the revitalization of the Scotts Valley commercial corridor.
