September 2, 2022
We are pleased to provide you with a review of our construction progress as of June 30, 2022, for NationWide IV Self Storage & Auto Wash located at 2337 King George Boulevard (the “South Surrey Property”).
Offering easy access off the King George Blvd and 24th Ave intersection, this 51,345 sq. ft. Property is high-profile and very visible. An 80,000 sq. ft. self-storage building will be featured on the property and will have three above-ground levels (including the ground floor) and two levels of brightly lit basement.
In addition, an environment-friendly, 4,000 sq.ft., 140’ EDT (Exterior Detail Tunnel) system will also be located on the Property and called Express Auto Wash.
As we know, supply and demand are essential when building a business. Surrey’s population is currently surpassing Vancouver’s growth, creating dense traffic and a lack of housing and services such as car washes and self-storage in the catchment area surrounding our South Surrey Property. Many upcoming neighborhood developments are occurring in the region, and the Property is only minutes away from one of the largest retail corridors in the Lower Mainland.
As you are aware the South Surrey Property was purchased in 2019 and throughout 2020 we raised funds to complete the development.
Our investment offering successfully closed in December 2020.
After many revisions back and forth between our architects, advisors, and the City of Surrey, we secured our development and building permits by late August 2021.
To download the full construction review, click here.
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THE ABOVE INFORMATION IS SPECIFIC TO NATIONWIDE IV SELF STORAGE & AUTO WASH TRUST AND ITS PROPERTY AT 2337 KING GEORGE BOULEVARD, SOUTH SURREY, BC.
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.