2225 Mckinnon AveSan Francisco, CA 94124

  • Industrial properties
  • 20,416 SF
For Sale
$7,900,000 View listing

Property Details for 2225 Mckinnon Ave

Year built
1976
Construction
WOOD
Lot size
0.68 AC
Property size (Sq ft)
20,416 SF
Zone code
M1
Property type
Industrial properties
Property subtype
Other industrial properties
APN
5588A-002
APU
5588A002

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $7,175,362
    Hospitality
    $6,572,594
    Educational
    $5,468,320
    Medical
    $5,656,384
    Retail
    $8,506,276
2225 Mckinnon Ave, San Francisco, California

Location Insight

City
San Francisco
County
San Francisco
State
California
Latitude
37.7424
Longitude
-122.402
CBSA code
41860
CBSA name
SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$7,557
$205,641
$372,075
$577,716
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-
-
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