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NationWide IV Self Storage & Auto Wash Trust
Property Overview
Development Data
Zoning
I-2 Light Industrial
Storage warehouse and auto wash appropriate
Property Size
28,900 sq. ft.
Estimated Completion
Q2 2023
NationWide has purchased a high profile Development Property located at 2337 King George Blvd, Surrey BC, strategically positioned off one of BCs largest retail corridors.
With easy access off a major intersection at King George Blvd and 24th Avenue and minutes away from Hwy 99 and the affluent City of White Rock, this highly visible 1.18 acre (51,345 sq.ft.) Development Property is appropriately zoned for both self storage and car wash facilities.
NationWide intends to develop a modern, well lit, approximately 80,000 sq.ft. self storage facility on the Development Property, designed to provide approximately 65,000 sq.ft. of net rentable self storage space (including sky lockers but inclusive of parking, hallways, elevators, etc.). In addition, NationWide will also develop an approximate 4,000 sq.ft. fully integrated 140 ft. Exterior Detail Tunnel (140′ EDT) Express Auto Wash facility.
Professional Advisory Services
Besharat Friars Architects (BFA) provides architectural and interior design services to the Boundary property.
BFA has successfully completed over 200 projects across Canada. BFA provides commercial, mixed-use, industrial and residential architectural services including interior design services.
BTY Group provides project delivery services to the Boundary Road Property including development management, project management and construction project technical advisory services.
BTY maintains a proven close-out strategy of ensuring projects are certified for substantial completion through rigorous deficiency checks.
A complete market analysis of the feasibility of a self storage facility at 2055 Boundary Road was provided by Canadian Self Storage Valuation Services Inc. (CSSVS) on August 15, 2018. CSSVS is a member of the Appraisal Institute of Canada and subscribes to the Code of Professional Ethics and the Standards of Professional Practice for members of the Institute.
A complete feasibility study was conducted by Evans & Evans, Inc. on August 17, 2018. Evans & Evans, Inc. has provided business valuation services for over 25 years to the public and private sectors. Their team of team of Chartered Business Valuators (CBVs) and Accredited Senior Appraisers (ASAs) provided services such as fairness opinions and formal valuation reports of tangible and intangible assets.
Self Storage Building Features
This modern 80,000 sq.ft. self storage facility aims to maximize the rentable storage space. It will offer approximately 845 individual storage lockers, each with individual security systems in a temperature-controlled environment and will include drive up units specifically designed to attract commercial tenants.
Building Size
80,000 sq. ft.
Building Height
Three-storey building with 2 underground levels
Number of Storage Lockers
845 (including sky lockers)
Express AutoSpa & Vacuum Service Stations
The Development Property will be developed to provide the necessary infrastructure to accommodate an 140 ft. Exterior Detail Tunnel system (140-EDT) to be called Express AutoSpa. The dynamic state-of-the-art facility will provide customers with the complete car wash solution in approximately 3 minutes, along with indoor self-serve vacuum stations designed to shelter customers from the outdoor elements.
Car Wash Facility Size
4,000 sq. ft.
Tunnel System
140′ EDT (Exterior Detail Tunnel System)
Estimated Car Washes per Hour
Up to 150 (target)
Save Time and Water with a 3-minute Car Wash
Brought to you by NationWide Self Storage & Auto Wash, the Express AutoSpa tunnel will utilize the Fusion™ Guard integrated combination of chemistry and equipment to clean, shine and protect up to 90 cars per hour.
