DXD Capital Opens Nantucket Self-Storage Facility

Nantucket is not a place where development comes easily. Located 30 miles off the Massachusetts coast, the island imposes some of the strictest historic preservation rules and most demanding logistical constraints of any market on the Eastern Seaboard. DXD Capital, a data-driven real estate private equity firm focused solely on the self-storage sector, has now opened one of its newest facilities there, at 10 Davkim Lane, delivering modern storage infrastructure to a community that has long gone without it.

667 Units, Built for Every Storage Need

The facility delivers 667 self-storage units across 73,772 net rentable square feet, with unit sizes ranging from small seasonal storage to the contents of a full four- to five-room residence. The entire building is climate-controlled, keypad-secured, and sprinkler-protected. Operated by SmartStop Asset Management, the facility opened this past winter after years of planning and construction.

Beyond standard interior storage, DXD built the facility with Nantucket's specific culture in mind. Ten covered parking spots and fourteen premium, climate-controlled, drive-up parking spaces, each spanning approximately 200 square feet, include outlets for trickle chargers, catering directly to Nantucket's well-known classic car community. The addition matters because most homes on the island cannot legally add canopies or covered structures without violating Nantucket's historic design requirements, leaving vehicle owners with few local options for protected storage.

More Than Storage: A Residential Component

The 1.2-acre site also includes a newly constructed residential duplex townhome, comprising two two-bedroom, 1.5-bath units. Given Nantucket's long-standing housing crisis, particularly for year-round and working residents priced out of the ownership market, the addition contributes modestly but meaningfully to the island's rental housing inventory, an unusual but deliberate complement to a storage-focused development.

Building on an Island Where Everything Arrives by Ferry

The project's eight-year timeline reflects just how demanding construction on Nantucket can be. The island's Historic District Commission, which governs the visual character of virtually every structure on Nantucket, required multiple Certificates of Appropriateness before the project could break ground, with every exterior detail, from sash and roof colors to proposed signage, subject to commission review and approval. That process required months of coordination between DXD Capital, its local agent Emeritus, Ltd., and island officials, ultimately shaping a facility that incorporates traditional saltbox-style roofs, cedar shingle siding, and other design elements reflecting the island's iconic architectural character.

Layered on top of the permitting process was the basic reality that all construction materials had to arrive by ferry or barge. A partnership with local freight leader Cape Cod Express proved essential to the project's economics, given that labor costs on Nantucket run significantly higher than on the mainland and construction is further complicated by compressed seasonal windows for heavy work. Construction began in July 2024 and culminated in a Certificate of Occupancy in January 2026, with Park East Construction serving as general contractor throughout.

"Nantucket is in a class of its own. Every piece of this facility, from structural steel to the last finishing screw, arrived on a ferry, one truck at a time. This project is a testament to the incredible coordination between our team and our local partners, who were instrumental in overcoming the island's unique logistical hurdles."

— Scott Hughes, Managing Director of Construction, DXD Capital

"This project presented unique logistical challenges from day one. With all materials and staff requiring transport by air or ferry, thoughtful planning, coordination, and execution were essential at every stage. Together with our trusted partner, DXD Capital, Park East Construction rose to the occasion and delivered a result we're incredibly proud of."

— James Wojcik, President, Park East Construction Corp.

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 self-storage investments designed to deliver strong risk-adjusted returns for its partners.

Further information about DXD Capital's Nantucket facility and its broader portfolio is available at dxd.capital. Media enquiries can be directed to Jefferson King at jefferson@dxd.capital.