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81 Cove St - CubeSmart Self Storage (Managed) 91,858 SF Specialty Building Offered For Sale in New Bedford, MA 02744
Investment Highlights
- All climate-controlled ±91,858 NRSF facility converted in 2023 with modern amenities.
- Over $200M in residential development pipeline within a 5-mile radius
- Solar lease pays $57,000/year with 1.9% annual increases and 11 years remaining.
- Strong population density: 85,000+ within 3 miles and 131,000+ within 5 miles.
- Limited self-storage supply: 5.03 SF/capita (3-mile), 8.35 SF/capita (5-mile).
- Below market rental rates with room to increase by well over 20%.
Executive Summary
Broker of Record
Kyle Matthews
License # 1000083-RE-RB (MA)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # 1000083-RE-RB (MA)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts Under Contract
| Sale Type | Investment | Building Size | 91,858 SF |
| Property Type | Specialty | No. Stories | 3 |
| Property Subtype | Self-Storage | Year Built/Renovated | 1910/2023 |
| Building Class | B |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Building Size | 91,858 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1910/2023 |
Amenities
- Controlled Access
- Signage
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Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | NEWB-000021-000000-000053 | Improvements Assessment | $5,890,200 |
| Land Assessment | $440,000 | Total Assessment | $6,330,200 |
Property Taxes
Parcel Number
NEWB-000021-000000-000053
Land Assessment
$440,000
Improvements Assessment
$5,890,200
Total Assessment
$6,330,200
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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81 Cove St - CubeSmart Self Storage (Managed)
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