989 PLEASANT STREET NEW BEDFORD, MA ONSITE FRIDAY, NOVEMBER 18, 2016 AT 2 PM

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1 989 PLEASANT STREET NEW BEDFORD, MA ONSITE FRIDAY, NOVEMBER 18, 2016 AT 2 PM Rich with history this impressive granite armory is an architectural gem. The three story building and brick addition sit on ± 1.28 acres and have ± 70,271 square feet. The massive building is reminiscent of a gothic style fortress or castle and awaits a buyer who will make it a vibrant part of the community.

2 AUCTION DETAILS SUBJECT PROPERTY: AUCTION DATE: AUCTION LOCATION: 989 Pleasant Street, New Bedford, MA Parcel of surplus state-owned land consisting of ± 1.28 acres, improved with a building known as the New Bedford Armory. Friday, November 18, 2016 at 2:00 PM Bidder Registration will commence onsite at 1:30 PM Auction to be held onsite at the New Bedford Armory 989 Pleasant Street, New Bedford, MA. TERMS AND CONDITIONS OF SALE: AUCTION TYPE: Confirmation. Property will be sold at auction by immediate confirmation. DEPOSIT: $10,000 deposit in the form of a bank check (treasurer s, cashier s or certified only; no personal or business checks) to qualify to bid. Successful bidder must increase the deposit to a total of 10% of the high bid price immediately upon completion of the auction. CLOSING: 60 Days BUYER S PREMIUM: There will be a Buyer s Premium of 10% added to the high bid on each property. The high bid amount plus a 10% Buyer s Premium shall constitute the Total Sale Price. Buyer s Premium Example: Bid Price: $200,000 Plus 10% Buyer s Premium: $ 20,000 Total Sale Price: $220,000 ADDITIONAL TERMS: Prospective Bidders must have positive identification to register. We make no representations, warranties, or guarantees as to the accuracy of the information provided and urge all bidders to rely on their own inspection, investigation and due diligence. Please review the Purchase and Sale Agreement, which the high bidder will be required to execute upon completion of the auction proceedings. DISCLAIMER: While information in this package was obtained from sources believed to be reliable it does not constitute a representation, warranty or guarantee of any kind by the Commonwealth of Massachusetts or the Auctioneer. Bidders must rely solely on their own due diligence, inspection, consciousness and judgement.

3 AUCTION FOR THE SALE OF SURPLUS STATE-OWNED REAL PROPERTY IN THE CITY OF NEW BEDFORD The Commonwealth of Massachusetts' Division of Capital Asset Management and Maintenance, on behalf of the Military Division, pursuant to M.G.L. Chapter 33, Section 126 and Chapter 67 of the Acts of 2011, will conduct an auction of one (1) parcel of surplus state-owned land, consisting of acres, including an armory building located thereon, known as the New Bedford Armory, located at 989 Pleasant Street in the city of New Bedford (the "Premises"). The auction is scheduled for November 18, 2016 at 2:00 P.M. on the Premises of the New Bedford Armory, 989 Pleasant Street, New Bedford, MA. Complete instructions, including registration and bidding, terms and requirements for the auction of the Premises are set forth in the Property Information Package which may be obtained by contacting The Zekos Group at (508) or by visiting the website at BY: Carol W. Gladstone, Commissioner Division of Capital Asset Management and Maintenance

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5 SITE MAP: The information depicted on this map may not be adequate for legal boundary definition or regulatory information. The Commonwealth of Massachusetts and the Auctioneer make no warranties, expressed or implied, concerning the accuracy, completeness, reliability or suitability of this data. I CITY OF NEW BEDFORD: One (1) parcel of land totaling /- acres Located at 989 Pleasant Street.

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