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$ 6,999,000
Est. payment /mo
Active
2095 TRANS CANADA Highway Kamloops, BC V1S1A7
2.08 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Aberdeen
MLS® Listing ID 10397465
Lot Size 2.080 Acres
Acres 2.08
Property 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:24570)
Location
Province BC
Rooms
Kitchen 0.0
Interior
Heating No heat
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Sewer Municipal sewage system
Listed by Royal LePage Westwin Realty