DXD Capital has completed a 71,335-rentable-square-foot self-storage facility in Lithia Springs, Ga. The property is being managed by Public Storage. DXD Capital purchased the property in June 2022 through its first fund, DXD Self Storage Fund I, which closed in November 2021 at $63 million of committed capital. The project was also subject to a $12.2 million construction loan, provided by Century Bank of Georgia. Construction on the Class A facility began in March 2023, with Valston serving as the project’s general contractor. The three-story building has two on-grade levels,…

A potential self-storage facility to be built on just over 4 acres of land along Loxahatchee Road took another step forward at this week’s City Commission meetings in Parkland. The Parkland City Commission voted unanimously to amend the Future Land Use Map to Commercial, which would potentially allow the 4.35 acres to be rezoned to Self-Storage. The building would be a 3-story, approximately 150,000-square-foot facility. The proposal comes from Parkland Storage, LLC, and the land is located at 7700 Loxahatchee Road. Source

Avison Young finalized the $2.68-million sale of a 1.41-acre industrial outdoor storage (IOS) property that will be redeveloped as an approximately 90,000-square-foot self-storage facility. Located at 943 N. Marianna Ave. in Los Angeles, the site is just east of downtown Los Angeles and provides immediate access to the 10, 710, and 60 freeways. Principal Patrick Barnes and senior associate Paul Clark represented the seller, a family trust. The buyer, Los Angeles-based Cypress Equity Investments, represented itself. “Our team focused our marketing strategy and outreach to the self-storage industry as we…

SecureSpace Self Storage today announced the grand opening of a new self-storage facility, SecureSpace Odenton, located in and serving the city of Odenton, MD. The newly-built Class A facility is strategically located at 1872 Mayfield Rd and offers 89,423 square feet of 100% climate-controlled self-storage space with units ranging from 5’x4’ to 10’x29’, as well as 40 long-term RV parking spaces. The facility sits at the intersection of the Patuxent Freeway and Telegraph Road in the affluent DC suburb, where a combined 78,000 vehicles pass by daily, with a high…

A new self-storage facility is under construction near Monarch High School in Coconut Creek. The four-story, roughly 89,000-square-foot building will go up at 5479 Wiles Road, according to Scott Stoudenmire, sustainability director for Coconut Creek. The Self-Storage at Solaire is one of two new storage facilities approved in Coconut Creek. Last year, the city approved the other self-storage facility, Sentry with 120,164-square-foot, as part of a new development with a new grocery store (Sprouts Farmers Market) and a drive-through coffee shop (Cali Coffee) in the southwest corner of Coconut Creek…

Go Store It, an affiliate of Madison Capital Group, has entered the California market with the opening of a 70,000-square-foot self storage facility in Monterey Park, California. The project broke ground in November 2022. The property was subject to a $14 million construction loan, originated by Farmers and Merchants Bank of Long Beach. The newly constructed facility is a three-story building that offers 802 climate-controlled units, ranging between 25 and 300 square feet. Amenities include video surveillance, moving supplies, dolly and flatbed carts, roll-up doors, elevator access, security lighting and…