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New Class A storage facility in Kihei, Hi will have 355 individual storage units totaling 45,813 net rentable square feet in the Maui Research & Technology Park
KIHEI, HI—DXD Capital, a private equity investor and self storage developer, announced the groundbreaking of a new Class A storage facility in Kihei, HI.
Once constructed, the facility will have 355 individual storage units
totaling 45,813 net rentable square feet located in the Maui Research &
Technology Park in Kihei. It will feature drive-up, non-climate-controlled
units designed to be especially helpful to the commercial customer base on
Maui. The facility is expected to open in the second quarter of 2025.
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| DREW DOLAN |
RYCON will serve as the general contractor, and American Savings Bank will be the construction lender. Extra Space will manage this facility.
The
property was acquired in April 2023. To date, DXD has invested in nineteen
self-storage developments and one seven-facility portfolio acquisition across
the United States.
"DXD
was offered the chance to construct self storage facilities on Maui through a
local connection,” said Drew Dolan, Principal and Fund Manager. “For me,
this opportunity represents a career highlight—a chance to be part of the
booming Maui Research and Tech Park, which has excellent fundamentals for self
storage and extreme 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 access to proprietary tools to source
compelling 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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