- For Sale $14,900,000
- Property Type Industrial - Warehouse/Distribution
- Property Size 88,817 SF
- Additional Rent Contact for pricing
- Date Updated Nov 18, 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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Contacts
Location
Getting Around
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Walk Score ®
79/100
Very Walkable
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Transit Score ®
35/100
Some Transit
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Bike Score ®
50/100
Bikeable
- City New Bedford, MA
- Neighborhood North End Mill
- Zip Code 02745
- Market Providence
Points of Interest
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Church Street (opens May 2025)
0.59 miles
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New Bedford (opens May 2025)
1.71 miles
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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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Mobil
1.29 miles
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Cumberland Farms
2.16 miles
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Marty's Gas
2.30 miles
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Speedway
2.31 miles
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One Stop Gas
2.44 miles
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Tesla Supercharger
3.65 miles
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New Bedford Park and Ride
1.01 miles
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Spectator Parking
1.32 miles
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MassHire Parking Lot
1.68 miles
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Whale's Tooth Parking Lot
1.77 miles
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Bank of America Parking Lot
2.12 miles
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Elm Street Garage
2.13 miles
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Last Round Bar & Grille Parking Lot
2.16 miles
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SRTA New Bedford Terminal
2.19 miles
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Fisherman's Wharf / City Pier 3 Parking Lot
2.27 miles
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State Pier Parking Lot
2.37 miles
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Subway
0.47 miles
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Dunkin' Donuts
0.50 miles
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Elizabeth's
0.52 miles
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McDonald's
0.81 miles
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Antonio's Restaurant
0.90 miles
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Wendy's
0.92 miles
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Burger King
0.94 miles
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Dunkin'
1.03 miles
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Domino's
1.11 miles
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The Boat Restaurant Seafood & More
1.29 miles
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Save-A-Lot
0.46 miles
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Market Basket
0.93 miles
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Stop & Shop
0.95 miles
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Trucchi's Supermarket
2.24 miles
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Jason's Variety
2.30 miles
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Shaw's
2.55 miles
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Walmart
2.87 miles
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Kohl's
2.91 miles
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Super Stop & Shop
3.15 miles
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ALDI
3.33 miles
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New Bedford Fire Department
0.37 miles
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New Bedford Police Facility
0.99 miles
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AFC Urgent Care
1.01 miles
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CVS Pharmacy
1.05 miles
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Walgreens
1.20 miles
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Acushnet Fire Department Station 3
1.63 miles
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Acushnet Police Department
1.66 miles
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Acushnet Fire Department
1.78 miles
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NOAA Fisheries
2.14 miles
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New Bedford Police Dept
2.17 miles
Frequently Asked Questions
How much does Store Space - New Bedford, MA cost?
The space currently listed for sale at Store Space - New Bedford, MA asks for $14,900,000.
What is the total square footage of Store Space - New Bedford, MA?
Store Space - New Bedford, MA totals 88,817 square feet.
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