FOR SALE. 2 Okanagan Self-Storage Facilities. Okanagan Valley, British Columbia. Two storage facilities offered separately or as a package:

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1 2 Okanagan Self-Storage Facilities Okanagan Valley, British Columbia FOR SALE Penticton, BC Vernon, BC Asking Price: $630,000 Two storage facilities offered separately or as a package: Vernon Mini-Storage, Vernon BC ±2.18 Acres, 303 Units, 45 Parking Spaces OK Mini-Storage, Penticton BC ±1.681 Acres, 291 Units, 6 Commercial Units, 56 Parking Spaces Ken Kiers Personal Real Estate Corporation kiers@naicommercial.ca Ken Hick kenh@naicommercial.ca NAI Commercial Fraser Highway Langley BC V3A 3G2 tel fax

2 Vernon Mini-Storage 5351 & th Avenue Vernon BC 1 the property Here is an opportunity to purchase an established self-storage facility on two separate titles. These properties offer excellent exposure, fronting on busy 25 th Avenue (otherwise known as Okanagan Landing Road), which is a major thoroughfare from downtown to the Okanagan lakefront. The north ends of both properties are easily accessible with exposure to 27 th Avenue. The properties are situated between a McDonald s Restaurant and a Shell Station, and is also next to a shopping centre with tenants such as Buy- Low Foods, Subway, Vantage One Financial, Snap Fitness, and more. The mini-storage facility has a two-bedroom suite, which would serve as an excellent residence for an owner or manager. This opportunity is offered in conjunction with OK Mini-Storage in Penticton BC. The facility can be purchased separately or as a package, an ideal purchase for either a new investor looking to own either one or two self-storage properties or for an existing investor (or company) wishing to re-locate or semi-retire while continuing to build equity and receive cash flow. OFFICE HOURS 8:30 am - 12:00 pm 1:00 pm - 5:00 pm Mon-Sat (Closed Sundays) GATE ACCESS HOURS 7:00 am -10:00 pm Mon - Sun Reduced Asking: $3,250,000

3 Vernon Mini-Storage 5351 & th Avenue Vernon BC 1 property details Lot 1, DL 66, Osoyoos Division, Yale District, Plan PID: ±1.485 Acres Legal Lot A, DL 66, Osoyoos Division, Yale District, Plan PID: ±0.70 Acres Vernon Mini-Storage could be easily re-arranged to occupy only the larger of the two parcels, leaving the opportunity to develop commercial construction on the smaller parcel, or perhaps the possibility to spin the smaller parcel off. Improvements 8 single-story concrete block construction, drive-up, self-storage buildings 2-story frame office/residence Duroid shingle roofs ±303 storage units (±29,500 sf) ±1100 sf office plus 2 bedroom suite Zoning C-11 Commercial 2011 Tax Assessment th Avenue $594, Taxes $ th Avenue $1,174, Taxes $18,336.01

4 Vernon Mini-Storage 5351 & th Avenue Vernon BC 1 financials CURRENT Estimated Current Gross Income $318,000 Seller Income Guarantee* $ 55,000 Guaranteed Gross Income $373,000 Estimated Expenses $108,000 Net Operating Income $265,000± FULLY OCCUPIED Potential Gross Income $466,000 Estimated Expenses, if full (35%) $163,000 Net Operating Income, if full $303,000± *Seller will guarantee gross income of up to $373,000/annum for up to two years. Terms and conditions apply. Ken Kiers Personal Real Estate Corporation kiers@naicommercial.ca Ken Hick kenh@naicommercial.ca NAI Commercial Fraser Highway Langley BC V3A 3G2 tel fax

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8 Tax Report TH Avenue Record Updated - 05/24/2011 Jurisdiction 233-VERNON - CITY OF Roll Number Property ID Property Addr TH AV Municipality ON-CITY OF VERNON Board Code Neighborhood 009-OKANAGAN LANDING & BELLA VIST Area Sub Area More PID's Gross Taxes Water Conn Owner(s) 1 Name & Address ** NOT AVAILABLE ** Owner Name & Mailing Address Information Owner(s) 2 Name & Address INDUSTRIAL AVE E PENTICTON BC V2A 8K7 Legal Information Plan # Lot Block Dist Lot Land Dist Section Township Range Meridian Legal Description PL LT 1 DL 66 LD 41 Land & Building Information Width Depth Lot Size ACRES Land Use Actual Use BCA Description WAREHOUSE MINI Zoning BCAA Data Updated - 05/24/11 Total Value Information Actual Totals Municipal Taxable Totals School Taxable Totals Land $934,200 Gross Land $934,200 Gross Land $934,200 Improvement $240,600 Gross Improve $240,600 Gross Improve $240,600 Exempt Land Exempt Land Exempt Improve $-10,000 Exempt Improve $-10,000 Actual Total $1,174,800 Municipal Total $1,164,800 School Total $1,164,800 Sale History Information Date Price Document # Type of Sales Transaction 07/01/2010 LB REJECT NOT SUITED SALE ANALSIS 07/01/2008 LB REJECT NOT SUITED SALE ANALSIS 09/01/1983 V65034F REJECT NOT SUITED SALE ANALSIS Tax Detail View The enclosed information while deemed to be correct is not guaranteed. 09/26/11 10:26 AM

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11 Tax Report TH Avenue Record Updated - 05/24/2011 Jurisdiction 233-VERNON - CITY OF Roll Number Property ID Property Addr TH AV Municipality ON-CITY OF VERNON Board Code Neighborhood 009-OKANAGAN LANDING & BELLA VIST Area Sub Area More PID's Gross Taxes Water Conn Owner(s) 1 Name & Address ** NOT AVAILABLE ** Owner Name & Mailing Address Information Owner(s) 2 Name & Address INDUSTRIAL AVE E PENTICTON BC V2A 8K7 Legal Information Plan # Lot Block Dist Lot Land Dist Section Township Range Meridian A Legal Description PL LT A DL 66 LD 41 Land & Building Information Width Depth Lot Size ACRES Land Use Actual Use BCA Description WAREHOUSE MINI Zoning BCAA Data Updated - 05/24/11 Total Value Information Actual Totals Municipal Taxable Totals School Taxable Totals Land $584,000 Gross Land $584,000 Gross Land $584,000 Improvement $10,000 Gross Improve $10,000 Gross Improve $10,000 Exempt Land Exempt Land Exempt Improve $-10,000 Exempt Improve $-10,000 Actual Total $594,000 Municipal Total $584,000 School Total $584,000 Sale History Information Date Price Document # Type of Sales Transaction 07/01/2010 LB REJECT NOT SUITED SALE ANALSIS 07/01/2008 LB REJECT NOT SUITED SALE ANALSIS 03/01/1979 $1 P12747F REJECT NOT SUITED SALE ANALSIS Tax Detail View The enclosed information while deemed to be correct is not guaranteed. 09/26/11 10:29 AM

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14 Vernon British Columbia about vernon The City of Vernon is located in the Okanagan Basin of British Columbia s interior, north of Kelowna. Its current population is approximately 36,000, and a primary trading area of 77,000, including the surrounding communities of Coldstream (9,471), Lumby (1,634), Armstrong (4241), Enderby (2,828) and Spallumcheen (4,960). Demographics indicate a good balance between the age groups. No longer is this area only associated with retirees seeking moderate climate. Greater numbers of families and professional people have also discovered the lifestyle benefits of this community. Numerous airlines provide scheduled passenger and cargo services to points throughout British Columbia and Alberta, as well as to Toronto and Seattle, Washington (USA). Vernon offers more than 100 lakes (within a onehour drive), world-class golf, mountain and wellness resorts, great beaches and trails, outstanding mountain biking and family-friendly attractions and festivals. For more information visit: Vernon has a diverse economic base, with employment generated from the traditional resource sectors of forestry and agriculture, as well as from the tourism, administrative, manufacturing and service sectors. With an educated, highly skilled workforce, strong population growth and large availability of commercial and light industrial land, Vernon is an ideal place for both business and residence. The Greater Vernon area is served by the Kelowna International Airport, located approximately 40 kilometers (about a minute drive) south on Highway 97. Ken Kiers Personal Real Estate Corporation kiers@naicommercial.ca Ken Hick kenh@naicommercial.ca The information contained herein has been provided to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease. dzb/2mini-storageproperties-vernon&penticton.pptx/27sept2011/kk/kh NAI Commercial Fraser Highway Langley BC V3A 3G2 tel fax

15 OK Mini-Storage 2360 Government Street Penticton BC 2 the property Here is an opportunity to purchase an established self-storage facility in the beautiful Okanagan Valley. The property is located in an industrial area with exposure fronting on Government Street. There is significant residential development directly to the east, south and southwest of the property. The facility also has a one-bedroom suite, wellsuited for an on-site manager. The approximate 0.75-acre parking compound is leased for approximately $1200/month, plus HST. This property is offered in conjunction with Vernon Mini-Storage in Vernon BC. The facility can be purchased separately or as a package, an ideal purchaseforeitheranewinvestorlookingtoowneitheroneortwoselfstorage properties or for an existing investor (or company) wishing to add to their current portfolio. OFFICE HOURS 8:30 am -12:00 pm 1:00 pm - 5:00 pm Mon-Sat (Closed Sundays) GATE ACCESS HOURS 7:00 am -10:00 pm Mon - Sun Asking: $2,850,000

16 OK Mini-Storage 2360 Government Street Penticton BC 2 property details Legal Lot A, DL 251, Similkameen Division, Yale District, Plan PID: ±1.681 Acres Improvements 8 single-story concrete block construction, drive-up, self-storage buildings Combination of tar and gravel, metal and Duroid shingle roof ±291 storage units (±25,825 sf excluding office and suite) 6 commercial units (±6,144 sf) Office area One-bedroom suite Zoning M-1 Light Industrial 2011 Tax Assessment $1,867, Taxes $30, Ken Kiers Personal Real Estate Corporation kiers@naicommercial.ca Ken Hick kenh@naicommercial.ca NAI Commercial Fraser Highway Langley BC V3A 3G2 tel fax

17 OK Mini-Storage 2360 Government Street Penticton BC 2 financials CURRENT Estimated Current Gross Income $275,460 Seller Income Guarantee* $ 19,540 Guaranteed Gross Income $295, Estimated Expenses $110, Net Operating Income $185,000± FULLY OCCUPIED Potential Gross Income $397,000 Estimated Expenses, if full (35%) $139,000 Net Operating Income, if full $258,000± *Seller will guarantee gross income of up to $295,000/annum for up to two years. Terms and conditions apply. Ken Kiers Personal Real Estate Corporation kiers@naicommercial.ca Ken Hick kenh@naicommercial.ca NAI Commercial Fraser Highway Langley BC V3A 3G

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19 Tax Report GOVERNMENT Street Record Updated - 05/24/2011 Jurisdiction 222-PENTICTON - CITY OF Roll Number Property ID Property Addr 2360 GOVERNMENT ST Municipality PE-CITY OF PENTICTON Board Code Neighborhood 107-INDUSTRIAL Area Sub Area More PID's Gross Taxes Water Conn Owner(s) 1 Name & Address ** NOT AVAILABLE ** Owner Name & Mailing Address Information Owner(s) 2 Name & Address INDUSTRIAL AVE E PENTICTON BC V2A 8K7 Legal Information Plan # Lot Block Dist Lot Land Dist Section Township Range Meridian A Legal Description PL LT A DL 251 LD 54 Land & Building Information Width Depth Lot Size ACRES Land Use Actual Use BCA Description WAREHOUSE MINI Zoning BCAA Data Updated - 05/24/11 Total Value Information Actual Totals Municipal Taxable Totals School Taxable Totals Land $602,800 Gross Land $602,800 Gross Land $602,800 Improvement $1,264,500 Gross Improve $1,264,500 Gross Improve $1,264,500 Exempt Land Exempt Land Exempt Improve $-10,000 Exempt Improve $-10,000 Actual Total $1,867,300 Municipal Total $1,857,300 School Total $1,857,300 Sale History Information Date Price Document # Type of Sales Transaction 11/01/2005 $1,800,000 KX MULTIPLE PROPERTY TRANSACTION 05/01/1981 S41871AF REJECT NOT SUITED SALE ANALSIS Tax Detail View The enclosed information while deemed to be correct is not guaranteed. 09/26/11 10:51 AM

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23 Penticton British Columbia about penticton The City of Penticton is the perfect sun, sand and surf destination. It is located in the Okanagan Valley of British Columbia s southern interior, situated between Okanagan and Skaha Lakes. Its population in 2010 was 37,721, and 46,000 in the greater Penticton area. Penticton is home to recreational opportunities such as skiing at the Apex Mountain Resort plus boating and fishing on Skaha and Okanagan Lakes. Both lakes have beautiful beaches. There is golfing on the area's many courses, as well as hiking or biking the Kettle Valley Railway Trail, and rock climbing at Skaha Bluffs. Penticton is the hub of wine tourism in the Okanagan valley with access to 88 wineries within an hour's drive. Nearby Naramata now has 22 wineries. Penticton is famous for its long, hot summers and short, mild winters. Precipitation averages slightly more than 330 mm (13") annually. Because Penticton is sheltered from cold, arctic air in the winter by the surrounding mountain ranges, blizzards and freezing rainstorms are very rare. The area is known for its high quality vineyards and premiumvintagesaswellasitsdiversifiedmanufacturing and industrial sectors. Solid growth in manufacturing continues to enhance the economic environment, and to create a diverse yet stable economic base. The largest growth in new jobs over the past ten years has been in construction, services, and value added industries. Penticton also has its own airport. The Penticton Regional Airport (YYF) was constructed during World War II to serve as an emergency landing strip, and was later lengthened to 1,829 meters to accommodate Boeing 737 aircraft. Air Canada Jazz provides service to Vancouver. The Kelowna International Airport also serves the greater Penticton area. It is located approximately 65 kilometers (about minutes) north on Highway 97. Numerous airlines provide scheduled passenger and cargo services to points throughout British Columbia and Alberta, as well as to Toronto and Seattle, Washington (USA). For more information visit: Ken Kiers Personal Real Estate Corporation kiers@naicommercial.ca Ken Hick kenh@naicommercial.ca The information contained herein has been provided to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease. dzb/2mini-storageproperties-vernon&penticton.pptx/27sept2011/kk/kh NAI Commercial Fraser Highway Langley BC V3A 3G2 tel fax