For Sale
$7,900,000

2225 Mckinnon AveSan Francisco, CA 94124

Value-add multi-tenant industrial; high NOI potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
This 26,829 square foot, single-story industrial warehouse in San Francisco's Bayview district presents a compelling value-add opportunity. The property, built in 1976, sits on a 0.68-acre lot and features six dock-high doors, 23'-24' clear ceiling height, and ±11,500 square feet of vacant space. Currently 55% occupied by three tenants under a gross lease structure, two of which are on short-term agreements, providing immediate upside potential. The property's PDR-2 zoning allows for diverse uses, including production, distribution, repair, retail, and office space. Strategically located near major highways (US-101 and I-280) and significant employers like Amazon, FedEx, and Restaurant Depot, this asset benefits from a densely populated trade area with average household incomes exceeding $155,000 within a five-mile radius. The asking price is $7,900,000, with a current NOI of $231,528 and a pro-forma NOI of $298,750. This represents a rare opportunity to acquire a trophy asset in a prime San Francisco location, held by the same owner for over 30 years. The property is eligible for SBA financing.

Highlights

  • Rare opportunity to acquire a San Francisco Bayview industrial property, owner-held for over 30 years.
  • Value-add opportunity: ±11,500 SF vacant space in a four-unit building, with two short-term leases providing immediate rent upside. SBA financing eligible.
  • Excellent location in a high-demand San Francisco industrial corridor, near Amazon, FedEx, Restaurant Depot, US-101, and I-280.
  • 23'-24' clear height, PDR-2 zoning allowing diverse uses including production, distribution, retail, and office.
  • Strong demographics: 832,769 residents within five miles, average household income exceeding $155,000.

Property Details for 2225 Mckinnon Ave

Property type
Warehouses, Industrial properties
Square Feet
26,829 SF
Class
C
Year Built
1976
Buildings
1
Stories
1
Lot Size (sq. ft)
29,621 SF
Units
4

Location Insight

City
San Francisco
County
San Francisco
State
California
Latitude
37.742757738236
Longitude
-122.40143140499
2225 Mckinnon Ave, San Francisco, California

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2225 Mckinnon Ave
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