SCOTTSDALE, AZ (October 4, 2024) —DXD Capital, a private equity investor and self storage developer, announced the groundbreaking for a new multi-story, Class A, climate-controlled storage facility in Scottsdale, AZ. The facility will be located at 8888 East Desert Cove Avenue and will offer 706 individual storage units totaling 66,750 net rentable square feet. The facility features two basement levels, enabling temperature control amidst Arizona’s scorching summers, maximized by DXD's four-story design.
TLW Construction is serving as the general contractor, and Southwest Capital Bank is the construction lender. Extra Space Storage will manage this facility.
The property was acquired in July 2024. To date, DXD has invested in nineteen self-storage developments and one seven-facility portfolio acquisition across the United States.
“We discovered that there are no appropriately zoned land parcels larger than a quarter acre available in this area. This is the final opportunity to establish a self storage facility to cater to this region, where most of the storage demand originates. The limited amount of vacant land makes the barriers for new storage immense.” - Drew Dolan, Principal & Fund Manager
The facility is expected to open in Q4 of 2025.
DXD Capital is a data-driven real estate private equity company focused solely on the self-storage sector. It utilizes proprietary tools to access data and source compelling investments for its investors. For more information, please visit www.dxd.capital.