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Climate-Controlled Self Storage Facility

3420 W CAPITOL DR, Milwaukee, WI 53216

For Sale
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A converted brick industrial property combines elevator-served interior corridors with outdoor drive-up storage buildings.

Property Size82,575 SF
Days on Market12

Property Features for 3420 W CAPITOL DR

General Information

Standard status Active
Size 82,575 SF
Property subtype Self Storage
Occupancy 94%

Site & Location

Neighborhood Lincoln Creek
Highway Access Yes
Road Access Yes

Additional Details

Self-Storage Units 771
Tenant in Place Yes
Property Use Self Storage

Amenities

leasing office
climate-controlled corridors
elevator

Building Details

Construction brick
Listing Agency: Argus Self Storage Advisors
Listed By: Cole Carosella · License CO #100076453
Source: Crexi
Added: Oct 29 Changed: Nov 8 Last Checked: Nov 8 at 5:42PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Argus Self Storage Advisors

Rey
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Investment Insights

Based on property information with market context.

This self-storage property repurposes a brick industrial building and includes a glass-front leasing office. Interior storage corridors are climate controlled and served by an elevator; separate buildings provide drive-up access. The facility totals 771 units across 82,575 rentable square feet, averaging approximately 107 SF per unit. Climate-controlled space accounts for 665 units and roughly 79% of rentable area. Another 67 drive-up units comprise 13,850 SF, with sizes ranging from 10×15 to 10×30; the remaining 39 units are non-climate-controlled interior units.

The property is at 3420 W Capitol Drive in Milwaukee, at N 35th Street. It fronts W Capitol Drive (WI-190), with access to I-43 to the east and US-41 and US-45 to the west. Occupancy is 96% by unit and 94% by square footage, with economic occupancy of 82%.

Key Highlights

  • 771 units across 82,575 rentable square feet
  • 665 climate‑controlled units; climate‑controlled space represents roughly 79% of rentable area
  • 67 drive‑up units totaling 13,850 SF, with sizes from 10×15 to 10×30

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

SmartStop Self Storage Storage Facility

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Dental Office Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

94%
Occupancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

399
Businesses Nearby

Demographics for 53216, WI

30,109
Population
13,556
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
85%
High-School Grad
4.6 sq mi
ZIP Area
6,545
Density / Sq Mi
$43,466
Median Household Income
$34,823
Median Earnings
$970
Median Rent
$122,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Milwaukee, WI

4.3% 2019
4.7% 2020
3.1% 2021
2.3% 2022
3.1% 2023
3.7% 2024
4.2% 2025

Frequently Asked Questions

What type of property is this?
Self storage facility - A converted brick industrial property combines elevator-served interior corridors with outdoor drive-up storage buildings.
Where is this self storage facility located?
The property is located at 3420 W CAPITOL DR Milwaukee, WI.
What are key features of this property?
This property features: 771 units across 82,575 rentable square feet; 665 climate‑controlled units; climate‑controlled space represents roughly 79% of rentable area; 67 drive‑up units totaling 13,850 SF, with sizes from 10×15 to 10×30
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