Dec. 31, 2023
NATIONWIDE IV SELF STORAGE & AUTO WASH
We are pleased to inform you that the business licenses and occupancy permit for NationWide IV Self Storage & Auto Wash (the “South Surrey Property” or “Property”) were issued on October 31, 2023 by the City of Surrey and we are now open for business.
The Property is located at 2337 King George Boulevard. The 51,345 sq. ft. The 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.
The property features an 80,000 sq. ft. self-storage facility with 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 is also located on the Property and called Express Auto Wash.
Report on Self-Storage
The industry wide delays due to COVID-19 had a significant impact on both the issuance of the building permit and the timeline for construction. But despite these delays we were granted partial occupancy on October 31, 2023, and were granted full occupancy in January 2024. As of January 2024, there were a total 687 lockers available for rent.
All lockers have 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. This has proved to be a major asset of the Pender, Kamloops, and Boundary properties. 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 facility.
Read more of the update by clicking here.
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.