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Churchill Dallas Drive Limited Partnership

Status Completed

Churchill Dallas Drive Limited Partnership was syndicated in 2011 and offered investors an opportunity to participate in acquiring, owning and operating a portfolio of three (3) well-located industrial warehouses directly adjacent to the Trans Canada Highway, in the rapidly growing city of Kamloops BC. The three buildings total 136,464 SF of leasable area on  8.34 acres of land. The portfolio is intended to provide a stable stream of income from a very strong tenant and management team. The current tenant, NRI Distribution Inc. is a high quality 3PL logistics firm at the forefront of industry technology in North America. The lease expiry is Jun 30, 2024, and is fully Triple Net with the tenant paying all its own maintenance costs, including snow removal, window cleaning, car park maintenance, property taxes and building insurance. The landlord is only liable for structural repairs. This offering required a minimum investment of $25,000 and was available to Accredited Investors only. Churchill Dallas Drive Limited Partnership is fully subscribed.

Investment Summary (March 31, 2017)

Syndicated 2011
Unit Size $1,000
Total Units 5,382
Total Equity Raised $5,382,000
Date Completed 2019
Properties Acquired 3
Properties Divested 1
Properties Remaining 0
Property Name Location Asset Type SF Purchase Date Purchase Price Sale Date Sale Price Value +/-
Aggregate SF: 136,530 Aggregate Purchase: $5,530,682 Total Gross Profit Margin: $1,255,468

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