2095 Trans Canada Hwy W 12,000 SF Specialty Building Offered at $5,070,380 at a 5.76% Cap Rate in Kamloops, BC V1S 1A7

Versatile Self Storage is an established 503-unit self-storage facility on 2.08 acres of freehold land with direct frontage on the Trans-Canada Highway, the primary east-west corridor through British Columbia's interior.
The asking price has been reduced by $2,000,000 to $6,999,000 — $153.67 per rentable square foot and $13,914 per unit, a fraction of recent British Columbia self-storage trades. Recent BC transactions have priced between $393 and $667 per square foot, all purpose-built multi-storey product. No new development in the province replicates this basis.
The facility comprises 45,546 square feet of rentable area across single-storey drive-up buildings, with covered and enclosed bays, an on-site office and manager's residence, a secured yard for RV and vehicle storage, and paved internal drive aisles. Operations are supported by one on-site live-in manager. The property previously operated as a U-Haul dealership and that licence can be reinstated by a purchaser.
At 86.6% occupancy by area there is measurable lease-up upside, concentrated in the highest-yielding unit size class and requiring no capital expenditure. Building coverage is roughly half the site, leaving physical room to expand subject to municipal approvals.
Kamloops is the largest community in the Thompson-Nicola Regional District and the twelfth largest municipality in British Columbia, 3.5 hours from Vancouver. The property serves Aberdeen, Pineview Valley and Dufferin — the sector KAMPLAN identifies to absorb 48% of planned municipal growth. Apartment vacancy was 1.2% in October 2025 against a 3.1% national average, and Teck's Highland Valley Copper mine life extension is under construction, extending operations to 2046.