Listing Info
Name
Address
2095 TRANS CANADA Highway
Legal
Site Size
Sites
Income
$0
Price
$6,999,000
Status
Active
Description
PRICE REDUCED $2,000,000. 503-unit self-storage facility on 2.08 acres of freehold land with direct Trans-Canada Highway frontage. 45,546 sq ft rentable across single-storey drive-up buildings, with on-site office and manager's residence, secured RV and vehicle yard, and paved internal drive aisles. 2025 revenue $605,920 against cash operating expenses of $202,972, producing net operating income of $402,948. A 5.76% capitalization rate at the current asking price. Occupancy 86.6% by area as at August 2026. Priced at $153.67 per rentable sq ft and $13,914 per unit. Recent British Columbia self-storage transactions have ranged from approximately $393 to $667 per sq ft, all purpose-built multi-storey product. Value-add: available capacity is concentrated in the small-unit size class, which carries the highest rent per square foot and the widest tenant pool. Building coverage is approximately half the site, offering expansion potential subject to municipal approvals. The property previously operated as a U-Haul dealership and that license can be reinstated by a purchaser. (id:6769)
