Self Storage Specialist Breaks Ground on New Las Vegas Facility
DXD Capital is building a new three-story, 1,163-unit facility located at 9580 W. Flamingo Avenue. It’s the third development in the past three months for DXD.
The company acquired the 2.1 acre parcel where the site will go, last year. The self storage facility will be operated by Public Storage and feature four interior loading areas and two elevators. Completion and opening are scheduled for the second quarter of 2023.
The property was acquired as part of the DXD Self Storage Fund I which closed last year after raising $53 million. DXD has another facility under construction in Las Vegas, as well as Phoenix. DXD’s Drew Dolan is bullish on Las Vegas, “Las Vegas continues to be a target market for our funds with its strong fundamentals and economic growth.”
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.