Three-story self-storage facility planned in Kapolei
New self storage development to be managed as a SecureSpace
DXD Capital is developing a three-story self storage facility in Kapolei on the island of Oahu. The 104k sf facility will have 853 units and be managed by Insite Property Group under the SecureSpace brand. Posted on Spectrum News 13 on 12/5/2021:
DXD Capital, a New Mexico-based private equity fund, has acquired 2.34-acres of land in Kapolei and plans to develop a three-story 104,000 square foot, 853-unit self-storage facility on Kalaeloa Boulevard.
What You Need To Know A joint venture of DXD and Insite Property plans to develop a three-story 104,000 square foot, 853-unit self-storage facility in Kapolei
DXD Capital declined to disclose the price of their Kapolei development, but it's part of the private equity firm's latest $50 million investment in brand-new self-storage developments across the U.S.
The coronavirus pandemic has fueled the growth and demand for self-storage
Construction is scheduled to start in August with the development expected to be completed by next September 2023 A DXD official did not disclose the price of the land acquisition nor the cost of development. DXD has partnered with Torrance-based Insite Property Group, which will develop and operate the asset under Insite's SecureSpace brand.
DXD and Insite's joint venture development comes as demand for self-storage, a niche industry in the commercial real estate sector, continues to grow and is further fueled by trends created by the coronavirus pandemic.