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3/08/23
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DXD Capital has completed development and opened a new, state-of-the-art 991-unit self-storage facility in Las Vegas. The company originally acquired the 1.7-acre parcel, located at 7435 West Sahara Ave, in January 2021.
Designed by Studio Level 1 with Arco Murray serving as the general contractor, the new facility is being operated by Public Storage. It features two interior loading bays with room for three trucks in a fully climate-controlled building with two freight elevators, and a storefront with moving supplies.
The property was acquired through the buyer’s DXD Self Storage Fund I, which it launched in November 2020 and has raised $53 mil. The company launched a second fund, DXD Self Storage Fund II, in June 2022 and has raised $32 mil thus far. Closing of the second fund is scheduled for Summer 2023.
DXD Capital has over 25 active self-storage investments and pipeline projects in several key markets including Las Vegas, Phoenix, Long Island, and on Maui.
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