Amherst/Northampton, MA MSA
Western Mass Storage Solutions
Contact Broker for Price
398 Units
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Amherst/Northampton, MA MSA
Western Mass Storage Solutions
Contact Broker for Price
398 Units
The subject property is a physically stabilized self storage facility offering a diverse and complementary mix of income streams, including traditional self storage units, warehouse space, and outdoor parking. The asset features a broad unit mix across both climate-controlled and drive-up non-climate product, allowing operators to effectively serve a wide range of tenant needs—from residential users to small businesses. With strong in-place cash flow and operational functionality, the property provides investors with a stable going-in yield while still offering meaningful upside through improved revenue management, continued lease-up, and optimization of rental rates across unit types.
Located in the Amherst/Northampton, MA MSA, the property benefits from its position within the broader Western Massachusetts region, characterized by stable population trends, strong household incomes, and consistent demand drivers for self storage. The immediate trade area is supported by limited direct competition and favorable supply dynamics, helping to maintain occupancy and rental rate stability. Combined with the asset’s accessibility and visibility within the market, the location provides a durable foundation for long-term performance and continued revenue growth.
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Spencer, MA
Spencer Self Storage Development Site
$1,790,000
670 Units
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Spencer, MA
Spencer Self Storage Development Site
$1,790,000
670 Units
$2,500,000 $1,790,000
Main Street Self Storage is strategically located near the intersection of East Main Street (Route 9) and Donnelly Road in Spencer, MA, approximately 15 miles west of the city of Worcester, MA. The property benefits from strong visibility along a primary commercial corridor with over 13,588 vehicles per day (massDOT) and direct access to Worcester and the I-90/Mass Pike, making it highly accessible to the surrounding trade area.
The development will utilize 16.48 net acres to deliver seven buildings across two phases, totaling approximately 87,500 gross square feet. The multi-story design of the climate controlled buildings maximizes rentable density while minimizing land coverage, leaving ample room for parking, and future expansion. Drive-up non-climate controlled units provide the ground-floor convenience that a significant segment of self storage renters demand, while the interior CC product targets the premium renter willing to pay for a fully protected environment.
Phase I establishes the property with 445 units — a mix of 225 climate controlled interior units and 220 non-climate controlled drive-up units — representing approximately 60,550 SF. Phase II mirrors the Phase I CC building, adding an additional 225 climate controlled units and bringing the total project to 670 units and 87,500 SF. The phased approach allows the operator to respond to lease-up velocity and local market conditions when determining the optimal timing for Phase II construction.
Municipal approvals include signage for the proposed self storage development.
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