DXD Capital to open 89,200-square-foot storage facility in Kahului, Maui in 2027

DXD Capital, a private equity investor and self storage developer, announced that it has executed a long-term ground lease for the development of a new Class A self-storage facility in Kahului, Maui. Located in Maui Business Park, the facility will include 728 individual storage units totaling approximately 88,700 net rentable square feet. The facility is expected to open in the third quarter of 2027.

The announcement follows DXD Capital’s ongoing development of a new Class A storage facility in Kīhei, Maui. That project will feature 355 individual storage units, totaling 45,813 net rentable square feet. Located in the Maui Research & Technology Park in Kīhei, it will feature drive-up, non-climate-controlled units designed to be especially helpful to Maui’s commercial customer base. This facility is expected to begin leasing in the summer of 2025.

Maui Business Park, developed by Alexander & Baldwin, is a strategically located commercial hub in Central Maui, offering convenient access to Kahului Harbor, Kahului Airport, and major retail corridors. Its proximity to major retailers and service providers has made it a preferred location for businesses to enter or expand into the market. According to the company, the addition of DXD’s facility will enhance the area’s service offerings and help meet increasing demand for high-quality storage.

“The Maui Business Park location aligns with our strategy of investing in high-quality Class A facilities with strong commercial connectivity,” said Drew Dolan, Principal at DXD Capital. “It’s unique to be next to Lowe’s, across the street from Walmart, and just minutes away from Target. A&B has established a vibrant business environment at Maui Business Park, and we are excited to partner on this project.”

Since June 2020, DXD has invested in 30 self-storage developments and one seven-facility portfolio acquisition across the United States.