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Buchanan Street Partners has purchased a 2.1-acre property in Upland, Calif. for $6.3 million, in an off-market deal with a private owner. The company intends to transform the site into a self storage facility. The transaction marks the company’s fifth self storage investment within the Californian market.

Though a vacant medical office building currently occupies the site, the new ownership plans to develop a new, four-story self storage property offering 1,180 climate-controlled units. The future 123,000-square-foot Class A facility’s construction is expected to begin soon, with completion planned for January 2026.