June 30, 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.
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.
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 468 lockers of varied sizes, as they would not issue a permit for our planned sky lockers.
After our original opening with 468 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 will bring the total number of rentable storage units at the facility to 758.
At this time 106 of the lockers are installed on the first floor, they have been pre-marketed for rent and will be available in the next two weeks. The remaining lockers are also in the final installation stage and should be available for rent by the end of the summer. (Read more…)
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.
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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.