February 15 , 2023
We are pleased to provide you with an update on our progress for NationWide V Express Auto Wash located at 1035 Lougheed Highway, Coquitlam, BC (the “Coquitlam Property” or the “Property”) as of December 31, 2022.
The 29,287 sq. ft. Coquitlam Property will house a 5,000 sq. ft., 160’ EDT (Exterior Detail Tunnel) system under the name Express Auto Wash.
This high visibility, high profile Property is located right on Lougheed Highway. It is strategically positioned on one of the busiest corridors in Greater Vancouver and adjacent to the Trans-Canada Highway. Situated right across from IKEA, this exceptional Coquitlam Property has approximately 56,000 – 63,000 vehicles passing by daily
CAR WASH EQUIPMENT
A defining feature of the Express Auto Wash tunnel system is its environment-friendly footprint. The tunnel design includes a complete water treatment process under the wash tunnel to recycle water and minimize waste.
The tunnel system also has a sophisticated computer-controlled metering process that dispenses the precise volume of water and cleaning agents. This provides an exceptionally clean, cost effective, efficient and convenient 3-minute car wash – with no wasted water. The integrated combination of chemistry and equipment has the potential to clean, shine and protect up to 180 cars per hour.
Since the issuance of the building permit in September 2022 construction at the site has made steady progress. The form works have been completed for the car wash trench. Earthworks are expected to start shortly, and once complete the tank installation will begin with a transition to civil infrastructure tie ins. (Read more…)
To read more and download a PDF of this update, click here.
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THE ABOVE INFORMATION IS SPECIFIC TO NATIONWIDE EXPRESS AUTO WASH TRUST AND ITS PROPERTY AT 1035 LOUGHEED HWY, COQUITLAM, BC. TO REVIEW OTHER PROPERTIES RELATED TO NATIONWIDE SELF STORAGE OR EXPRESS AUTO WASH, PLEASE VISIT OUR WEBSITE.
This information is general in nature and does not constitute an offer to sell or an advertisement, solicitation, or recommendation to buy securities. Nothing on these pages constitutes investment, legal or tax advice, nor was it prepared in consideration of the investment objectives, financial situation, particular needs of any specific recipient. There can be no assurance that investments will perform as or be of the quality anticipated. There are risks associated with any investment.