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9/16/24
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DXD Capital has broken ground on a new Class A storage facility in Kihei, HI. Once constructed, the facility will have 355 individual storage units totaling 45.8k sf of space located in the Maui Research & Technology Park in Kihei.
The project will feature drive-up, non-climate-controlled units designed to be especially helpful to the commercial customer base on Maui. The facility is expected to open in the second quarter of 2025.
RYCON will serve as the general contractor, and American Savings Bank will be the construction lender. Extra Space will manage the facility.
The property was acquired in April 2023 by DXD, a private equity investor and self-storage developer. To date, DXD has invested in 19 self-storage developments and one seven-facility portfolio acquisition across the United States.
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