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Hayward Pacific Mini Storage
Rare Bay Area Value Add Self Storage
Listing Contacts
License: CA 02230011
Active
Asking Price: $6,300,000
Address
29605 Pacific St, Hayward, CA 94544
Show on MapDate Added
Jun 25, 2024
Days on Market
269 days
Time Since Last Update
24 days
Details
Property TypeSelf Storage
Investment TypeValue Add
ClassC
TenancyMulti
Square Footage61,700
Net Rentable (sq ft)61,700
Cap Rate6.10%
Pro-Forma Cap Rate6.98%
Occupancy88%
Occupancy Date06/01/2024
NOI$384,323
Pro-Forma NOI$439,883
Units225
Year Built1969
Buildings8
Stories1
ZoningIL
Lot Size (acres)2.66
Price/Sq Ft (Land Value)$54.37/SF
Broker Co-OpYes
APN83-460-3-4; 83-453-3-6; 83-453-7
Price/Unit$28,000
OwnershipMom & Pop
Marketing Description
Hayward Pacific Mini Storage is a stunning 225-unit self-storage investment opportunity located in the thriving city of Hayward, CA. Situated on a large parcel of land totaling 2.62 acres, the subject property was originally constructed in 1961 and has a net rentable area of approximately 61,700 square feet. The subject property features drive-up access, 24-hour camera surveillance, and a secure entrance gate. Hayward Pacific Mini Storage is a well-positioned asset with close proximity to some of the most prominent employment centers in the Bay Area: Oakland (19 miles), The Peninsula (24 miles), The Tri-Valley (14 miles), Silicon Valley (24 miles), and San Francisco (30 miles). The major transportation corridors of Interstate 880, Interstate 580, the San Mateo-Hayward Bridge, and several BART stations make commuting to these major transpiration centers convenient for tenants. The investment appeal of this asset is driven by Hayward’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, Hayward Pacific Mini Storage presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
Investment Highlights
Exceptional Self-Storage Investment Opportunity - Investors have the opportunity to acquire an exceptional multifamily asset in the thriving city of Hayward, CA.
Convenience and Security - Hayward Pacific Mini Storage offers customers a stress-free storage experience with drive-up access, 24-hour camera surveillance, and a secure entrance gate.
Prime Hayward Location – The subject property is centrally located in the East Bay providing convenient access to San Francisco, The Peninsula, and Silicon Valley.
Commuter’s Paradise – Hayward Pacific Mini Storage boasts an exceptional location between the major employment centers of Oakland, The Peninsula, The Tri-Valley, Silicon Valley, and San Francisco. Tenants also enjoy proximity to major transportation corridors as well as alternative modes of transportation such as BART.
No Rent Control
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$384,323.00
$32,026.92/mo
Valuation Metrics
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0
DSCR
6.1%
Cap Rate
6.1%
ROI
Property History
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Due Diligence
Listing Contacts
- License: CA 02230011
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Broker Information
Broker Information
Broker Name
Matthew McCaffrey
Broker License
CA 02230011
Brokerage Name
Marcus & Millichap
Broker Title
Brokerage
Brokerage Address
2626 Hanover Street, Palo Alto, United States 94304
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