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DXD Capital Sells Class A, Multistory Self Storage Facility In Summerlin South, Las Vegas, NV
(MENAFN- EIN Presswire) EINPresswire/ -- DXD Capital is pleased to announce the sale of a Class A self storage facility located in the high-growth Summerlin South submarket of Las Vegas, Nevada. The 103,000 SF, three-story facility comprises 1,130 secure, climate-controlled self storage units and was sold in an off-market transaction with Buchanan Street Partners.
Situated at 9560 W Flamingo Road, the property was initially developed in 2023 and was approximately 90% occupied at the time of sale, reflecting strong underlying demand in one of the fastest-growing, highest-income trade areas in the Las Vegas Valley.
The buyer plans to rebrand the property and will continue third-party management through Westport Properties, Inc., operating as US Storage Centers, a national operator with a significant presence in the Las Vegas market.
“This project was one of our earlier self-storage developments and performed exceptionally well,” said Cameron Paktinat, Managing Director of Development.“which made the timing and outcome of this sale especially meaningful.”
The sale aligns with DXD Capital's continued focus on optimizing its portfolio while maintaining a strategic presence in key self storage markets. The firm's ability to identify underserved trade areas, deliver institutional-quality facilities, and position assets for long-term performance has been central to its success. This transaction reflects DXD's proven approach to creating value across market cycles and executing timely exits that maximize risk-adjusted returns for its partners.
“Buchanan was a great partner throughout the process, and it was particularly rewarding to come full circle on this transaction with Feerooz and the Buchanan team.” Paktinat continues,“Feerooz and I started our self-storage careers together, so completing a high-quality deal like this felt both professionally and personally significant.”
About DXD Capital
About DXD Capital DXD Capital is a data-driven real estate private equity firm solely focused on the self storage sector. Since its inception, the firm has invested in 35 ground-up developments and one seven-facility portfolio acquisition across the United States. Leveraging proprietary analytics and deep market expertise, DXD Capital identifies and executes unique self storage investments designed to deliver strong risk-adjusted returns for its partners.
Situated at 9560 W Flamingo Road, the property was initially developed in 2023 and was approximately 90% occupied at the time of sale, reflecting strong underlying demand in one of the fastest-growing, highest-income trade areas in the Las Vegas Valley.
The buyer plans to rebrand the property and will continue third-party management through Westport Properties, Inc., operating as US Storage Centers, a national operator with a significant presence in the Las Vegas market.
“This project was one of our earlier self-storage developments and performed exceptionally well,” said Cameron Paktinat, Managing Director of Development.“which made the timing and outcome of this sale especially meaningful.”
The sale aligns with DXD Capital's continued focus on optimizing its portfolio while maintaining a strategic presence in key self storage markets. The firm's ability to identify underserved trade areas, deliver institutional-quality facilities, and position assets for long-term performance has been central to its success. This transaction reflects DXD's proven approach to creating value across market cycles and executing timely exits that maximize risk-adjusted returns for its partners.
“Buchanan was a great partner throughout the process, and it was particularly rewarding to come full circle on this transaction with Feerooz and the Buchanan team.” Paktinat continues,“Feerooz and I started our self-storage careers together, so completing a high-quality deal like this felt both professionally and personally significant.”
About DXD Capital
About DXD Capital DXD Capital is a data-driven real estate private equity firm solely focused on the self storage sector. Since its inception, the firm has invested in 35 ground-up developments and one seven-facility portfolio acquisition across the United States. Leveraging proprietary analytics and deep market expertise, DXD Capital identifies and executes unique self storage investments designed to deliver strong risk-adjusted returns for its partners.
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