Buchanan Street Partners is well on its way to meeting its goal of amassing a $500M portfolio of institutional quality self-storage assets throughout the Western U.S.
The Newport Beach-based developer has acquired an Inland Empire medical office building that it plans to demolish and replace with a four-story self-storage facility.
Buchanan Street paid $6.25M for Inland Medical Plaza, a 36-year-old MOB located at 1382 East Foothill Boulevard in Upland. The firm is planning to build a 1,180-unit self-storage facility on the two-acre site, according to a report in the Orange County Business Journal.
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