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| Class A, climate-controlled storage facility, 671 Batchelor Street, Toms River, NJ. |
TOMS RIVER, NJ—DXD Capital, a self storage private equity investor, announced the opening of a brand new, Class A, climate-controlled storage facility at 671 Batchelor St, Toms River, NJ. The facility has 761 individual storage units totaling 62,818 net rentable square feet and will feature four stories, multiple elevators, and a drive-in loading area.
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| Drew Dolan |
The property was acquired in June of 2022 through DXD’s first fund, DXD
Self Storage Fund I, which launched in November 2020 and closed with $63
million in committed capital.
The company launched its second fund in June 2022 and has since invested
in seven self storage and one seven-facility portfolio acquisition across the
United States. The property will be managed by Public Storage. Jayeff served as
the general contractor, and Century Bank was the construction lender.
"Storage rates on the Jersey shore excited us to invest in the region,” said Drew Dolan, Principal and Fund Manager. “When analyzing this site, the underlying zoning code indicated that building a self storage facility at this location would be nearly impossible. DXD leveraged its local consultant relationships to pave a path forward despite the high barriers to entry.
DXD Capital
DXD Capital is a data-driven real estate
private equity company focused solely on the self storage sector. DXD utilizes
unprecedented access to data and proprietary tools to source best-in-class investments
for its investors.
Contact:
David Ebeling
Ebeling
Communications
949.861.8351
949.278.7851
(Cell)
Member of the
National Association
of Real Estate Editors (NAREE)
“PR Strategist for
the Commercial Real Estate Industry: I do what I love and love what I do.”
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