(Source: SpareFoot Storage Beat, August 21, 2019)
The REIT, sponsored by SmartStop Self Storage REIT Inc., purchased Capitol Drive Self Storage in Milwaukee, IL, through a certificate-of-occupancy deal. The seller wasn’t identified. The purchase price wasn’t disclosed. The facility, on 3.95 acres at 3420 W. Capitol Drive, features 770 units in 83,310 net rentable square feet. Jesse Luke and Scott Rihm of EquiCap Commercial closed the deal.