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10/03/24
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DXD Capital has broken ground on a new multi-story, Class A, climate-controlled storage facility in Scottsdale, AZ. It is expected to open in the fourth quarter of 2025.
The facility will be located at 8888 East Desert Cove Ave and will offer 706 individual storage units totaling 66.8k sf. The facility features two basement levels, enabling temperature control amidst Arizona’s scorching summers, maximized by DXD's four-story design.
TLW Construction is serving as the general contractor, and Southwest Capital Bank is the construction lender. Extra Space Storage will manage this facility.
The property was acquired in July 2024. To date, DXD has invested in nineteen self-storage developments and one seven-facility portfolio acquisition across the United States.
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