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7/01/24
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DXD Capital, a self storage private equity investor, has opened a brand new, Class A, climate-controlled storage facility in Las Vegas. The facility has 794 individual storage units totaling 73.3k sf of space.
Located at 7540 Grand Teton Drive, the facility features 13 exterior drive-up units that will be especially helpful for contractors active in the Northern Las Vegas region. This is DXD’s third storage facility in Las Vegas, managed by Public Storage.
DXD's Grand Teton is a two-story, indoor, climate-controlled facility. The property was acquired in June 2022 through DXD’s first fund, DXD Self Storage Fund I, which launched in November 2020 and closed with $63 mil in committed capital. The company launched its second fund in June 2022 and has since invested in seven self storage projects across the United States.
"Northern Las Vegas has done nothing but grow over the past few years,” said Drew Dolan, Principal and Fund Manager The prevalence of single-family residential nearby makes this site exceptional for self storage, and it is expected to lease up quickly. This area of North Las Vegas currently has no storage supply, and DXD will fill a sizable need in this community.
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