Driftwood Self Storage_Property for Sale
Driftwood Self Storage_Property for Sale
9900 Darden Hill Road, Austin, TX, 78737, US

Driftwood Self Storage

Asset description

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to offer qualified investors the opportunity to acquire Driftwood Storage (the “Property”), a state-of-the-art, recently constructed self storage facility in Austin, TX. The Property, consisting of 96,433 square feet across 482 units, was completed in 2021 and is operated by The Jenkins Organization. At approximately 93% physical occupancy, potential investors can acquire a stabilized asset with strong existing cash flow. The asset is located within a highly affluent residential trade area with high barriers to entry and zero competing storage facilities within a 3-mile radius, providing an ideal market that will grant significant pricing power. 

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Attributes

Building area net
8,959 sm
Year built
2021
Occupancy
93.4%
Units
482

Media

Investment highlights

  • STABILIZED PROPERTY WITH EXCELLENT CASH FLOW
  • HIGH BARRIER TO ENTRY WITH LOW STORAGE SUPPLY
  • AFFLUENT SURROUNDING DEMOGRPAHICS
  • BEST IN CLASS FACILITY
  • RESILIENT ASSET CLASS
Driftwood Self Storage 4_Property for Sale
Driftwood Self Storage 4_Property for Sale

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Driftwood Self Storage (0 Properties)

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Last updated
Aug 29, 2024