DXD Capital opens 928-unit self-storage facility in Sarasota

DXD Capital has opened a new Class-A self-storage property at 2480 17th Street in Sarasota, Florida, adding 928 climate-controlled units in a market the firm says has long been undersupplied. The opening is the second of three facilities tied to a partnership with Mar-Gulf Management and MDI Capital, with another site in Virginia set to follow this summer.

Why it matters: - The Sarasota facility adds new storage capacity to a dense corridor that has limited supply relative to demand. - The opening expands DXD Capital’s footprint in high-demand urban markets. - Extra Space Storage will operate the property, giving the project a nationally recognized management platform.

What happened: - DXD Capital announced the grand opening of its newest self-storage facility at 2480 17th Street in Sarasota, Florida. - The project delivers 928 storage units across three stories and 96,843 net rentable square feet. - The facility sits on 2.83 acres. - The property is the second of three facilities in a strategic partnership with Mar-Gulf Management Inc. and MDI Capital, LLC, the international real estate subsidiaries of Kuwait Financial Centre, known as Markaz. - The first partnership project opened in Georgetown, Texas, in April 2026. - The third project, in Richmond, Virginia, is under construction and is scheduled to open this summer.

The details: - The Sarasota building offers climate-controlled units. - Extra Space Storage manages the facility. - DXD Capital describes the project as a premium, purpose-built storage development. - DC Construction Associates, Inc. handled construction from permitting through delivery. - EAPC Architects Engineers completed the building design. - Two mature grand oak trees on the site were preserved during construction. - The construction team adjusted grading, utility routing, and site layout to keep both trees intact and healthy.

Between the lines: - The opening shows DXD Capital continuing to target storage markets with supply-demand imbalances. - The preserved oak trees suggest the project was designed to balance development with neighborhood sensitivity. - The Markaz-backed partnership gives DXD Capital access to capital for a multi-market rollout. - DXD Capital has invested in 35 ground-up developments and one seven-facility portfolio acquisition across the United States since inception.

What’s next: - DXD Capital’s Richmond, Virginia facility is expected to open this summer. - The company says it will continue using data to identify markets with strong demand and barriers to entry. - The partnership with Mar-Gulf and MDI Capital appears set to keep advancing through the remaining planned projects.

The bottom line: - Sarasota gets a new institutional-quality storage option, and DXD Capital adds another property to a growing national pipeline.