June 30, 2022
We are pleased to provide you with a review and update of our construction progress and milestones as of June 30, 2023, for NationWide IV Self Storage & Auto Wash (the “South Surrey Property” or “Property”).
The Property is located at 2337 King George Boulevard. The 51,345 sq. ft. Property is in a high-profile and very visible location with easy access from the King George Blvd and 24th Ave intersection, one of the fastest growing neighborhoods in Canada.
An 80,000 sq. ft. self-storage facility will be featured on the property and will have 3 above-ground levels (including the ground floor) and 2 levels of brightly lit basement.
In addition, one of Canada’s most technically advanced and environmentally friendly, 4,000 sq. ft., 140’ EDT (Exterior Detail Tunnel) system will also be located on the Property and called Express Auto Wash.
SELF STORAGE UPDATE
As this is Maple Reinders third Self Storage project for Nationwide the Surrey self storage installation has progressed with few delays and all locker installation is complete.
Noke installation is currently underway on the 670+ lockers. The Noke System which allow modern architecture and design, enterprise-level built-in security, and a keyless smart access system controlled via an app on your smartphone has proved to be a major asset of the Pender, Kamloops, and Boundary property. The system has been extremely well received by customers and has been a great selling point of our lockers compared to the old padlock and key facilities.
Final reviews of the self-storage website are taking place and soon there will be an option on the website for preopening reservations for our lockers. Grand opening marketing plans and events are in the works, including online marketing and promotions.
All steps are being taken to ensure that once the occupancy permit is issued (anticipated to be mid Sept) all lockers will be ready to rent.
With a number of experienced self storage staff already in place from all three open BC facilities, their expertise and input has proved invaluable in the planning for the completion of the locker installation and preparation for leasing.
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.