San Francisco, CA | The LeClaire-Schlosser Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of a 0.76-acre self-storage development site located in San Jose, California.

Dean Trammell, Director Investments, and Adam Schlosser, Executive Managing Director Investments, had the exclusive listing to market the property on behalf of the seller.  “This deal took some patience to work through the city’s jurisdictional requirements and red tape, but the strength of the location made it worth the effort,” says Trammell.  “Buchanan Street navigated the process seamlessly, and San Jose will end up with a core self-storage product in one of the Bay Area’s most in-demand submarkets.”

“We are very excited about the San Jose development. We are very bullish on San Jose and this will be our third self-storage project currently under construction in the Bay Area. The site is located in a densely populated residential neighborhood with favorable supply/demand metrics, and the facility will also benefit from major freeway visibility.”

The Buyer was Buchanan Street Partners, a national private self-storage investor and developer, represented by Feerooz Yacoobi and Jon Suddarth. “We are very excited about the San Jose development. We are very bullish on San Jose and this will be our third self-storage project currently under construction in the Bay Area. The site is located in a densely populated residential neighborhood with favorable supply/demand metrics, and the facility will also benefit from major freeway visibility,” said Suddarth.

The San Jose development site is located at 2444 Gimeli Way and is entitled/planned for approximately 80,000 NRSF. Construction is slated to start in September 2026 with completion in late 2027.