Contacts
Ashley Compton
Property Details
- Property Type Industrial - Warehouse/Distribution
- Property Size 88,817 SF
- Additional Rent Contact for pricing
- Date Updated Oct 14, 2024
The Colliers Self Storage Group is pleased to exclusively offer to qualified investors the opportunity to purchase an institutional quality self-storage conversion located at 42 Edison Street in New Bedford, Massachusetts. Store Space – New Bedford is a single-story former coat manufacturing building situated on a corner parcel with approximately 500 linear feet of frontage along Edison Street.
Store Space was converted into self-storage in 2023, however the 126,575 gsf structure was originally constructed in 1905. Sitting on approximately 4.4 acres, this facility offers tenants 88,817 rsf of climate-controlled storage, with unit sizes ranging from 5’x5’ to 10’x30’. Having opened in September of 2023, this facility has steadily leased to 15% physical occupancy in 8 short months of operation.
Priced at $14,900,000, Store Space – New Bedford is priced at a stabilized 7.50% cap rate and just $167.76 psf. The purchaser of this asset will be acquiring an institutional quality conversion in a densely populated suburb of Boston. The area’s growing economy, and proximity to both top tier universities and major employment hubs make this asset an attractive self-storage investment for years to come.
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Getting around
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79/100
Walk Score ®
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35/100
Transit Score ®
-
50/100
Bike Score ®
Location
- City New Bedford, MA
- Neighborhood North End Mill
- Zip Code 02745
- Market Providence
Points of Interest
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Dominos stop
2.34 miles
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Walgreens stop
2.39 miles
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Cuttyhunk Ferry
2.40 miles
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Petro Mart
0.98 miles
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Sunoco
0.99 miles
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7-Eleven
1.09 miles
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Marty's Gas
2.30 miles
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Speedway
2.31 miles
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Sunoco
2.36 miles
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Royal Fuel
2.44 miles
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Cumberland Farms
2.49 miles
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Cumberland Farms
2.70 miles
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Mobil
2.89 miles
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AutoSpa
2.20 miles
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Nice N'Clean
3.24 miles
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Subway
0.47 miles
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Dunkin' Donuts
0.50 miles
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McDonald's
0.81 miles
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McDonald's
0.83 miles
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Wendy's
0.92 miles
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Burger King
0.94 miles
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Subway
0.99 miles
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McDonald's
1.00 miles
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Dunkin'
1.03 miles
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Domino's
1.11 miles
In-Depth Research Available for this Property
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