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| Brand new, Class A, climate-controlled storage facility in the Atlanta suburb of Lithia Springs, Ga will have 703 individual storage units totaling 71,335 net rentable square feet located at 895 Thornton Road. |
ATLANTA, GA. Jan. 29, 2024—DXD Capital, a self storage private equity investor, announced the opening of a brand new, Class A, climate-controlled storage facility in the Atlanta suburb of Lithia Springs, Georgia. The facility will have 703 individual storage units totaling 71,335 net rentable square feet located at 895 Thornton Road.
The new
three-story facility, operated by Public Storage, is set apart by its location
adjacent to Home Depot. Offering great visibility and convenient access
to freeways, the facility has two on-grade levels, allowing for first-floor
climate-controlled unit availability throughout the majority of the facility.
Valston served as the general contractor and Century Bank was the construction
lender.
The property was
acquired in June 2022 through DXD’s first fund, DXD Self Storage Fund I, which
launched in November 2020 and closed in November 2021 at $63 million
of committed capital. The company launched its second fund in June 2022 and has
since invested in seven self storage projects across the United States.
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| Drew Dolan |
"Our development team did a great job
designing this facility with two floors at grade level. Instead of leasing one
ground floor where the rents are higher than elevated floors, we get to lease
two. -
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. For more information,
please visit www.dxd.capital.
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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