Investment Overview
Newmark, as the exclusive advisor, is pleased to extend to owner-users and qualified investors the opportunity to acquire the 100% fee-simple interest in 2225 McKinnon (“the Property”), a 26,829 SF high-bay warehouse property in the heart of San Francisco’s industrial market. A significant portion of the Property (19,939 SF) can be delivered vacant, providing investors the opportunity to immediately increase cash flow by leasing the vacancy or for owner-users to acquire an extremely functional warehouse building in a prime location. The balance of the Property is leased at below market rent to Caldwell Building Materials and expires May 31, 2030.
The Property clear heights of approximately 30 feet and six (ranging from 12’ x14’ to 25’ x 18’) grade level roll-up doors stand out among the Northern Bayview / India Basin (“India Basin”) Submarket. Moreover, the clear-span rigid-steel Butler frame construction provides excellent interior circulation and racking up to four high. Four additional large interstitial roll-up doors further provide investors and owner-users with the ability to combine suites to accommodate multiple tenant size requirements or single tenancy.
Investment Highlights
- Highly functional improvements with six drive-in roll-up doors
- Exceptional 28' - 32' clear heights
- Immediate access to Hwy 101 and I-280
- Access to 1.4M consumers within 10 miles and 3.5M within 25 miles
- Industrial leasing recovering with new population growth and office market recovery
- Ability to immediately occupy over 51% of the NRA qualifies owner-users for SBA financing