JLL Capital Markets closed the sale of Driftwood Self Storage, a Class-A facility on 13.46 acres in southwest Austin, Texas. JLL represented the seller, The Jenkins Organization Inc., and procured the buyer, Platinum Storage Group.
Located at 9900 Darden Hill Road, the 96,433-square-foot, 482-unit facility is surrounded by new housing developments near the rapidly growing Highpointe and Driftwood neighborhoods. It offers including climate controlled-units, drive-up units, covered parking and fully enclosed RV units, as well as smart unit technology, security lighting, 24/7 cameras, and electronic gate access
Driftwood Self Storage is the only self-storage facility in the three-mile trade area; there are currently no planned self-storage developments. The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Directors Steve Mellon and Brian Somoza and Directors Adam Roossien and Matthew Wheeler.
