Dec. 31, 2023
We are pleased to provide you this semi-annual summary update and review of events and operations for the year ending June 30, 2023.
NationWide Self Storage & Express Auto Wash Kamloops (the “Property”) is a dual-purpose property with a self-storage facility and automatic car wash business working in tandem with each other. The property is located at 1500 Hugh Allan Drive Kamloops, BC. The property is strategically located with easy access via the Trans-Canada Highway and Pacific Way, and just 5 minutes from downtown, Kamloops.
As a recap click here for some aerial footage of the facility.
REPORT ON SELF STORAGE
The self storage facility is a three-story, 58,500 sq. ft., state- of-the-art structure with the very latest in technology including enterprise level built-in security and keyless access control features. The initial self storage buildout was to have 750 lockers. However, the City of Kamloops’ planning and development department restricted us to only 467 lockers of varied sizes, as they would not issue a permit for our planned sky lockers.
After our original opening with 467 lockers, we spent the next 2 years in meetings with various groups of engineers and city planners working to gain approval for the sky lockers, finally receiving the building permit in December 2022.
The development plans for these sky lockers were finalized and installation finally began at the start of 2023. The addition of these sky lockers has brought the total number of rentable storage units at the facility to 744.
After a very lengthy process with the City of Kamloops we finally received full approval for the leasing of the 277 sky lockers in September 2023. Sky Locker rentals are Nationwide’s affordably priced mini storage lockers. These mini storage lockers are half the size (height) of the average self-storage unit. They are typically 4′ high but have the same length and width as a full-size self storage unit.
UPDATE ON EXPRESS AUTO WASH
Located on the same lot as the storage building, Express Auto Wash is a dynamic, environment friendly, 160′ EDT (Exterior Detail Tunnel) that can wash, wax, shine and dry up to 180 cars per hour.
Strategically located in a heavily trafficked and highly visible area off Pacific Way and the Trans-Canada Hwy, this exceptional corner lot Property is a mere 2 blocks from Costco, across the street from a very busy McDonald’s and only 5 minutes from Kamloops’ downtown core. (Read more…)
To download the complete review and update, click here.
DON’T MISS OUR UPDATES
Please email info@nationwideselfstorage.ca to be added to our email list and be sure to add our email address to your contacts so you don’t miss our Investor Updates.
FOLLOW OUR BUSINESS ON SOCIAL MEDIA
| Express Auto Wash | @express.autowash | @ExpressAutoWashCanada |
| NationWide Self Storage | @nationwideselfstorage | @NationWideSelfStorage |
THE ABOVE INFORMATION IS SPECIFIC TO NATIONWIDE SELF STORAGE & AUTO WASH TRUST AND ITS PROPERTY AT 1500 HUGH ALLAN DRIVE, 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.