Churchill International Property Corporation
Suite 1010, 1040 West Georgia Street, Vancouver, BC Canada V6E 4H1
T: 604.689.8500
F: 604.689.5910
E: [email protected]
8205 Dallas Drive, Kamloops BC
Date Purchased
August 2015
|
Constructed
2009
|
Purchase Price
$6,895,000
|
Sale Price
-
|
Site Area
10.3 acres
|
Gross Leasable Area
142,396 SF
|
Fund: Churchill Dallas Drive #3 Limited Partnership |
This modern, warehouse distribution building is located in one of Canada’s most desired distribution locations – the growing city of Kamloops, in central BC. Situated on 10.3 acres directly adjacent to the Trans Canada Highway, the site was developed in 2009 with a 142,396 SF distribution facility complete with office, meeting and production areas. The property is 100% leased by NRI Distribution Inc. and serves as their North American headquarters. NRI is Canada’s leading provider of third-party (3PL) distribution and fulfillment services and provides operational support to vendors of premier brands with high volumes of SKUs and transactions. The global 3PL market reached $750 billion in 2014, and 80 percent of all Fortune 500 companies used some form of 3PL services. Churchill acquired the property in October 2011 for $17,600,000. Participating funds in this property: Dallas Drive #2 Limited Partnership (65%) and Dallas Drive #3 Limited Partnership (35%).
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