Historic Conversion, CO Self-Storage Opportunity – New Bedford, MA
40 Edison St, New Bedford, MA 02745

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Price
Market Bid
NRSF
87,806
New Bedford, MA
C/O
Large site spanning 4.36 Acres across an entire block in a densely populated trade area
Excellent population density of close to 150,000 people in the 5-Mile radius
Proximity to University of Massachusetts -Dartmouth campus and New Bedford Regional airport
The facility is likely to attract the highest rental rates in the area since all units are climatized and located on the ground floor

The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer for sale the New Bedford C/O Opportunity.

This facility, with a projected 87,806 net rentable square feet, will offer advanced security measures including computer-controlled access, 24/7 security cameras and a fully fenced property. The facility will offer 798 climate-controlled storage units on the ground level, with a diverse mix of storage units ranging from 25 SF to 300 SF. The facility sits on large site of over 4 acres, spanning over an entire block from Nash Road to Belleville Road, and will be one of the largest storage developments currently in the trade area of this facility.

The site is located close to the east side of Route-140 connecting Taunton to New Bedford and has frontage on Nash Road with an annual average daily traffic volume of 12,300 vehicles. The Department of Public Infrastructure of New Bedford is located at the end of Nash Road to the west and there are several retail and office centers along Nash Road, including, Luzo Wholesale Food Market, Nash Pond Business Park, and Folco Jewelry. The site is located only a 12-minute drive away from the University of Massachusetts – Dartmouth campus which has more than 7,000 students enrolled, and the campus offers residence to more than 2,700 students. Additionally, the New Bedford Regional airport which operates year-round, and the Bridgewater State University Flight Training center is located only a 5-minute drive away.

This investment offers a unique opportunity to take possession of a Class-A storage facility with a large footprint spanning more than 4.36 Acres in a densely populated trade area.

New Bedford, MA

  • Sign CA to View Offering Memorandum

  • Confidentiality and Buyer Registration Agreement

    Cushman & Wakefield U.S., Inc. ("Broker") has been retained as the exclusive advisor and broker regarding the sale of the property known as the New Bedford, MA Self Storage opportunity.

    To receive an Offering Memorandum ("Offering Memorandum") please read, sign and return this completed Confidentiality Agreement to Broker. The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, the Seller and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Broker, the Seller and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the Buyer. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the property or the Owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum are solely the responsibility of the prospective Buyer. Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective Buyers.

    By accepting the Offering Memorandum, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney's fees, collectively "Claims") arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

    By accepting the Offering Memorandum, you acknowledge that you are a principal and not an agent of or acting on behalf of any other party in connection with the acquisition. Buyer acknowledges that it is aware that any Agent/Broker other than Cushman & Wakefield, must be compensated by Buyer as Cushman & Wakefield is not cooperating on fees. Furthermore, Buyer acknowledges that it has not had any discussion regarding this Property's Sale with any other broker or agent other than Broker or an agent/broker properly identified through this registration process, including but not limited to, resolutions of incomplete, conflicting or duplicate registrations. Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney's fees and court costs which may be incurred with respect to any claims for other real estate commissions, broker's fees or finder's fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

    The Seller and Broker each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller and its legal counsel, and any conditions to the Seller's obligation thereunder have been satisfied or waived.

    The Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

    No employee of seller or at the subject property is to be contacted without the written approval of the listing agents and doing so would be a violation of this confidentiality agreement.



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