{"id":1004346770,"date":"2019-08-20T11:18:55","date_gmt":"2019-08-20T19:18:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004346770"},"modified":"2025-02-28T00:27:58","modified_gmt":"2025-02-28T08:27:58","slug":"strategic-storage-growth-trust-ii-buys-milwaukee-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/strategic-storage-growth-trust-ii-buys-milwaukee-facility\/","title":{"rendered":"Smartstop Fund Buys Repurposed Milwaukee Facility"},"content":{"rendered":"<div id=\"attachment_1004346809\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/CapitolDriveStorage.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004346809\" data-attachment-id=\"1004346809\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-growth-trust-ii-buys-milwaukee-facility\/capitoldrivestorage\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/CapitolDriveStorage.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"CapitolDriveStorage\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Capitol Drive Storage. Image courtesy of EquiCap Commercial&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/CapitolDriveStorage.png?w=800\" loading=\"lazy\" class=\"wp-image-1004346809 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/CapitolDriveStorage.png\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/CapitolDriveStorage.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/CapitolDriveStorage.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/CapitolDriveStorage.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004346809\" class=\"wp-caption-text\">Capitol Drive Storage. <em>Image courtesy of EquiCap Commercial<\/em><\/p><\/div>\n<p>Strategic Storage Growth Trust II has purchased Capitol Drive Self Storage, an 83,310-net-rentable-square-foot facility in Milwaukee, Wis. EquiCap Commercial arranged the sale of the storage and represented both the seller and the buyer.<\/p>\n<p>Situated at 3420 W. Capitol Drive, the newly constructed storage asset is alongside Freeway 190, within 6 miles of downtown Milwaukee. The facility is positioned near residential areas such as the Garden Homes, Roosevelt Grove and Lincoln Creek neighborhoods. Additionally, there are more than 28,000 rental units completed or under construction within a 5-mile radius, according to Yardi Matrix.<\/p>\n<p>Capital Drive Self Storage was converted into a storage asset from a manufacturing building. The newly redeveloped facility sits on roughly 4 acres and encompasses 770 climate- and non-climate-controlled units, ranging from 25 to 480 square feet. Other characteristics of the asset include a covered loading area, gated access, video surveillance and computerized keypad access.<\/p>\n<p>Managing Partner Jesse Luke and Vice President Scott Rihm of EquiCap Commercial arranged the deal. In May, the firm also co-brokered the <a href=\"https:\/\/www.commercialsearch.com\/news\/398-unit-storage-sells-in-mi\/\">sale of Battle Creek Self Storage<\/a> in Battle Creek, Mich.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm has expanded its portfolio with the acquisition of a 770-unit newly converted storage asset. <\/p>\n","protected":false},"author":871,"featured_media":1004346809,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,13,21742],"tags":[38612,44138,34565],"class_list":["post-1004346770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-midwest","category-latest","tag-equicap","tag-jesse-luke","tag-strategic-storage-growth-trust-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Smartstop Fund Buys Repurposed Milwaukee Facility - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-growth-trust-ii-buys-milwaukee-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smartstop Fund Buys Repurposed Milwaukee Facility\" \/>\n<meta property=\"og:description\" content=\"The firm has expanded its portfolio with the acquisition of a 770-unit newly converted storage asset.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-growth-trust-ii-buys-milwaukee-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-20T19:18:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-28T08:27:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/CapitolDriveStorage.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Evelyn Jozsa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-growth-trust-ii-buys-milwaukee-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-growth-trust-ii-buys-milwaukee-facility\/\",\"name\":\"Smartstop Fund Buys Repurposed Milwaukee Facility - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-growth-trust-ii-buys-milwaukee-facility\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-growth-trust-ii-buys-milwaukee-facility\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/CapitolDriveStorage.png\",\"datePublished\":\"2019-08-20T19:18:55+00:00\",\"dateModified\":\"2025-02-28T08:27:58+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-growth-trust-ii-buys-milwaukee-facility\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-growth-trust-ii-buys-milwaukee-facility\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-growth-trust-ii-buys-milwaukee-facility\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/CapitolDriveStorage.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/CapitolDriveStorage.png\",\"width\":800,\"height\":620,\"caption\":\"Capitol Drive Storage. Image courtesy of EquiCap Commercial\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/strategic-storage-growth-trust-ii-buys-milwaukee-facility\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Smartstop Fund Buys Repurposed Milwaukee Facility\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\",\"name\":\"Evelyn Jozsa\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96\",\"caption\":\"Evelyn Jozsa\"},\"description\":\"Evelyn is a creative writer covering commercial real estate trends and insights in the U.S. Evelyn was previously a senior associate editor at Multi-Housing News and Commercial Property Executive. She has an academic background in Journalism and Irish Studies. Evelyn has been covering the CRE industry since 2017. Reach her via email.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/evelynjozsa\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Smartstop Fund Buys Repurposed Milwaukee Facility - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/strategic-storage-growth-trust-ii-buys-milwaukee-facility\/","og_locale":"en_US","og_type":"article","og_title":"Smartstop Fund Buys Repurposed Milwaukee Facility","og_description":"The firm has expanded its portfolio with the acquisition of a 770-unit newly converted storage asset.","og_url":"https:\/\/www.commercialsearch.com\/news\/strategic-storage-growth-trust-ii-buys-milwaukee-facility\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-08-20T19:18:55+00:00","article_modified_time":"2025-02-28T08:27:58+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/CapitolDriveStorage.png","type":"image\/png"}],"author":"Evelyn Jozsa","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/strategic-storage-growth-trust-ii-buys-milwaukee-facility\/","url":"https:\/\/www.commercialsearch.com\/news\/strategic-storage-growth-trust-ii-buys-milwaukee-facility\/","name":"Smartstop Fund Buys Repurposed Milwaukee Facility - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/strategic-storage-growth-trust-ii-buys-milwaukee-facility\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/strategic-storage-growth-trust-ii-buys-milwaukee-facility\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/CapitolDriveStorage.png","datePublished":"2019-08-20T19:18:55+00:00","dateModified":"2025-02-28T08:27:58+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/strategic-storage-growth-trust-ii-buys-milwaukee-facility\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/strategic-storage-growth-trust-ii-buys-milwaukee-facility\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/strategic-storage-growth-trust-ii-buys-milwaukee-facility\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/CapitolDriveStorage.png","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/CapitolDriveStorage.png","width":800,"height":620,"caption":"Capitol Drive Storage. Image courtesy of EquiCap Commercial"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/strategic-storage-growth-trust-ii-buys-milwaukee-facility\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Smartstop Fund Buys Repurposed Milwaukee Facility"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a","name":"Evelyn Jozsa","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96","caption":"Evelyn Jozsa"},"description":"Evelyn is a creative writer covering commercial real estate trends and insights in the U.S. Evelyn was previously a senior associate editor at Multi-Housing News and Commercial Property Executive. She has an academic background in Journalism and Irish Studies. Evelyn has been covering the CRE industry since 2017. Reach her via email.","url":"https:\/\/www.commercialsearch.com\/news\/author\/evelynjozsa\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/CapitolDriveStorage.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004346770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/871"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004346770"}],"version-history":[{"count":8,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004346770\/revisions"}],"predecessor-version":[{"id":1004533459,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004346770\/revisions\/1004533459"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004346809"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004346770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004346770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004346770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}