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| Brand new, Class A storage facility opens within a Qualified Opportunity Zone (QOZ) in Daytona Beach, FL. |
DAYTONA BEACH, FL, APRIL 15, 2024. —DXD Capital, a private equity investor and self storage developer, announced the opening of a brand new, Class A storage facility within a Qualified Opportunity Zone (QOZ) in Daytona Beach, FL.
The
facility has two single-story buildings consisting of 731 individual storage
units totaling 63,650 net rentable square feet located at 2078 Old Kings Road.
It will feature drive-up and interior climate-controlled units and 45 parking
spaces for vehicles such as RVs and boats.
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| Drew Dolan |
Public Storage will manage this facility, DC served as the general contractor, and Century Bank was the construction lender.
The property was acquired in January 2023 through DXD’s second fund, DXD Self Storage Fund II, which launched in June 2022 and has since invested in seven self storage projects and one seven-facility acquisition across the United States.
"We
are seeing continued demand for self storage space in the area with many
Floridians relocating to Daytona because of its affordable cost of living
compared to much of South Florida and the favorable tax treatment for its
residents,” said Drew Dolan, Principal and Fund Manager.
“Having this property located in a Qualified Opportunity Zone (QOZ) made this an extremely attractive investment. This will be a valuable addition to our Florida portfolio." -
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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