Buchanan Street Partners has broken ground on its latest self-storage development in Scotts Valley. Located at 10 Victor Sq. within Santa Cruz County, the 2.6-acre site will support a 99,500-square-foot, three-story facility containing 760 storage units.

The transaction marks the firm’s eighth self-storage investment in California over the past five years. The property was previously improved with a vacant 39,000-square-foot office/flex building formerly occupied by a technology supply company.

Demolition commenced in January, and the project is slated for completion in April 2027. Buchanan has partnered with DAI General Contracting as the general contractor 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, VP 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 “This development addresses a clear gap in the marketplace by replacing an outdated office structure with a high-quality, aesthetically designed Class A facility.”