SmartStop Self Storage
Milwaukee, WI
Asking price
Price on request
Units
771
Cap rate
—
Price / unit
—
About this property
Argus Self Storage Property Listings Listings Who We Are Find A Broker What We Do News & Research Market Monitor Presentations Industry News Closings Contact Listings Who We Are Find A Broker What We Do News & Research Market Monitor Presentations Industry News Closings Contact SmartStop Self Storage Back to Results NEW Milwaukee, WI Call for Offers Call for Offers Due December 9, 2026 SmartStop Self Storage is located at 3420 W Capitol Drive in Milwaukee, Wisconsin, at the corner of N 35th Street on Milwaukee’s northwest side. The property fronts W Capitol Drive (WI-190), one of the city’s primary east-west commercial arterials, giving it strong visibility and convenient access to I-43 to the east and US-41 and US-45 to the west. The facility is an adaptive-reuse conversion of a brick industrial building, with a modern glass-front leasing office, interior climate-controlled corridors served by elevator, and exterior drive-up buildings on site. The facility contains 771 units across 82,575 rentable square feet, with an average unit size of approximately 107 SF. The unit mix is weighted heavily toward climate-controlled product, which accounts for 665 units and roughly 79% of rentable square footage. The balance consists of 67 drive-up units (13,850 SF) ranging from 10×15 to 10×30, and 39 non-climate interior units. The property is currently 96% occupied by unit and 94% by square footage, with economic occupancy of 82%. Call for Offers View Executive Summary Request Offering Memorandum All fields are required. I am a Principal I am a Broker I accept the Disclaimer . Property Info Call for Offers 82,575 RSF 771 Units 96% Unit Occupancy Contact Listing Broker Listing Broker Ben Vestal Argus Self Storage Advisors 303-317-6469 Email Listing Broker Cole Carosella Argus Self Storage Advisors 720-909-8602 Email Listing Broker Bruce Bahrmasel 312-518-3550 Email Stay Connected Contact Us 1-800-55-STORE Contact Us 5460 S. Quebec Street Suite 100 Greenwood Village, CO 80111 info@argus-realestate.com Join Argus Interested in becoming an Argus Broker Affiliate? Learn How © 2026 Argus Self Storage Advisors.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | Price on request |
|---|---|
| Units | 771 |
| Building size | 107 sq ft |
| First seen by UnitListed | Oct 30, 2026 |
| Source page last checked | Oct 30, 2026 |
| Source last changed | Oct 30, 2026 |
Before you call the broker
9 things are not disclosed on this listing. These are the questions that would close the gap — specific to a storage facility, not a generic list.
Asking price — not disclosed
What is the asking price, and is it firm or inviting offers?
Everything else is measured against it. A price on request is normal, but it means you cannot screen this against your budget yet.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Physical vs economic occupancy — not disclosed
What is physical occupancy, and what is economic occupancy?
A facility can be 92% full and still be collecting far less, through concessions and delinquency. Physical occupancy alone flatters the deal.
Climate-controlled share — not disclosed
How many units are climate-controlled, and what is the rate premium?
Climate-controlled space earns more per square foot and costs more to run. The mix changes both sides of the model.
Expansion land and entitlements — not disclosed
Is there expansion land, and has anything been entitled or permitted?
Often the whole thesis in storage. Also the difference between a plan and a permit.
How it is managed today — not disclosed
Is this staffed, remotely managed or unmanned, and does a management contract transfer?
Decides whether the expense line you are shown survives the sale.
Currency of the asking price — disclosed
Unit mix and rent roll — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Oct 30, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Oct 30, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
