2225 Mckinnon AveSan Francisco, CA 94124
- Industrial properties
- 20,416 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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