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30032881
30032882

29480 Pacific St, Hayward, CA 94544

MM
CA 02230011
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto
$1,600,000
114 days on market
Updated 114 days ago

29480 Pacific Street

Details
APN 83-460-3-4
Property Type Industrial, Land (+1)
Sub Type Commercial, Industrial (+1)
Square Footage 25,865
Net Rentable (SqFt) 11,356
Units 44
Occupancy 100%
Pro-Forma Cap Rate 6.49%
Pro-Forma NOI $103,791
Price per SqFt $62
Broker Co-Op Yes
Year Built 1966
Buildings 4
Stories 1
Acreage 0.590
Investment Type Value Add

Small Bay Storage Opportunity

Marketing description

Hayward Pacific Mini Storage presents a compelling value-add investment and potential repositioning opportunity in the heart of Hayward, CA. Situated on a ±0.59-acre parcel, the property currently operates as a 44-unit self-storage facility totaling approximately 11,356 square feet of net rentable area. Originally constructed in 1966, the asset offers significant upside through strategic capital improvements, operational enhancements, and potential redevelopment to small bay storage or light industrial use.

The existing improvements feature drive-up access, a secure gated entrance, and 24-hour camera surveillance. Investors have the opportunity to enhance security infrastructure, modernize the facility, improve curb appeal, and implement professional management strategies to drive rental growth and occupancy optimization.

Given the site’s favorable infill location and access to major transportation corridors—including Interstate 880, Interstate 580, the San Mateo-Hayward Bridge, and multiple BART stations—the property is well positioned to serve contractors, small businesses, service operators, and last-mile users. The proximity to major employment hubs including Oakland (19 miles), the Peninsula (24 miles), the Tri-Valley (14 miles), Silicon Valley (24 miles), and San Francisco (30 miles) further supports demand for small bay industrial or contractor-oriented storage.

Hayward’s strong employment base, limited industrial supply, and low vacancy environment create an attractive backdrop for rent growth and repositioning. The site’s underlying land value and infill location provide optionality for future redevelopment, expansion, or reconfiguration into higher-yielding small bay industrial product.

Buyer to investigate zoning, conditional use permits, and redevelopment feasibility.

Listing Contacts

MM
CA 02230011
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto

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Additional Information

Name
Matthew McCaffrey
License
02230011
Brokerage
Marcus & Millichap
Title
Brokerage
Brokerage Address
2626 Hanover Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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