The Class A, 482-unit facility serves as a storage hub for Southwest Austin residents
News release
01 April 2025
JLL closes sale of Driftwood Self Storage in Austin
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AUSTIN, Apr. 1, 2025 – JLL Capital Markets announced today that it has closed the sale of Driftwood Self Storage, a 482-unit self-storage facility in Southwest Austin, Texas.
JLL represented the seller, The Jenkins Organization, Inc. and procured the buyer, Platinum Storage Group.
“This acquisition is a significant step forward in expanding our footprint in Texas and serves as a testament to the continued demand for quality, secure storage solutions,” said Genevieve Sigmund with Platinum Storage Group.
Driftwood Self Storage is located on 13.46 acres at 9900 Darden Hill Rd., approximately 17 miles southwest of downtown Austin. The facility is surrounded by new housing developments near the rapidly growing Highpointe and Driftwood neighborhoods. Driftwood Self Storage is the only self-storage facility in the three-mile trade area and there are currently no planned self-storage developments.
Completed in 2021, Driftwood Self Storage totals 96,433 square feet and is currently 93.4% occupied. The Class A facility offers modern features, including climate controlled-units, drive-up units, covered parking and fully enclosed RV units. The property also has smart unit technology, security lighting, 24/7 cameras and electronic gate access.
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.
JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Jenkins Organization, Inc
The Jenkins Organization, Inc. (TJO) is a fully integrated real estate company specializing in the self-storage and RV park industries with expertise in the areas of acquisition, development, ownership, management and disposition. Based in Houston, Texas, the award-winning company was launched in 1989 by Ricky L. Jenkins, sole owner of TJO. Celebrating its 33rd anniversary, The Jenkins Organization has over $1 billion of commercial real estate assets under management, including $750 million in owned assets.
About Platinum Storage Group
Platinum Storage Group is one of the nation’s leading fully integrated commercial real estate investment and management companies with a specialty in self-storage assets.