DXD Capital, a private equity investor and self-storage developer, has begun construction on a state-of-the-art storage facility in Nantucket, MA. The Class A facility will feature climate-controlled units and is located at 10 Davkim Ln., offering 667 individual storage units with a total of 96,238 net rentable square feet.
The project will be overseen by Park East Construction Company as the general contractor and financed by Centerville Bank. SmartStop has been selected to manage the facility once it is completed.
This development marks DXD’s twentieth investment in the self-storage industry. The company currently owns nineteen other developments across the United States as well as one seven-facility portfolio acquisition.
According to principal Cory Sylvester, “Building self-storage on Nantucket is an exceptional opportunity for our business.” He notes that competition barriers are high on the island and rental rates are among some of the strongest in the country. This highly sought-after location aligns with DXD’s focus on finding prime opportunities for growth within their industry.
