 |
| Class A, climate-controlled storage facility The facility has 794 individual storage units totaling 73,250 net rentable square feet located at 7540 Grand Teton Drive, in Las Vegas, NV. |
LAS VEGAS, NV. —DXD Capital, a self storage private equity investor, announced the opening of a brand new, Class A, climate-controlled storage facility in Las Vegas, NV.
The facility has 794 individual storage units totaling 73,250 net rentable square feet located at 7540 Grand Teton Drive, featuring thirteen exterior drive-up units that will be especially helpful for contractors in the area participating in the growth of Northern Las Vegas.
 |
| Drew Dolan |
This is DXD’s third storage facility in Las Vegas, managed by Public Storage.
DXD's Grand Teton is a two-story, indoor, climate-controlled facility. The property was acquired in June 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 projects across the United States.
"Northern Las Vegas has done nothing but grow over the past few years,” said Drew Dolan, Principal and Fund Manager
The prevalence of single-family residential nearby makes this site exceptional for self storage, and it is expected to lease up quickly. This area of North Las Vegas currently has no storage supply, and DXD will fill a sizable need in this community.
Dolan continued by saying “This opportunity came to us from one of our existing relationships and will be an excellent addition to our Nevada portfolio, which now has three properties with their doors open." -
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
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.”
No comments:
Post a Comment