DXD Capital completes development of new 87,280 SF self storage facility in Toms River, NJ

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.

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.

"This is one of two investments DXD has made in the coastal area, with the other near Atlantic City. Our Toms River facility was a heavy lift by our entire team but will make it all the more valuable for that reason." -

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)

david@ebelingcomm.com

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.”

 www.dxd.capital.