29480 Pacific St
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29480 Pacific St
61,700 SF Specialty Building Offered at $6,300,000 at a 6.10% Cap Rate in Hayward, CA 94544
Investment Highlights
- Investors have the opportunity to acquire an exceptional multifamily asset in the thriving city of Hayward, CA.
- The subject property is centrally located in the East Bay providing convenient access to San Francisco, The Peninsula, and Silicon Valley.
- Hayward Pacific Mini Storage offers customers a stress-free storage experience with drive-up access and 24-hour camera surveillance.
- Hayward Pacific Mini Storage boasts an exceptional location between the major employment centers of Oakland, The Peninsula and Silicon Valley.
Executive Summary
Hayward Pacific Mini Storage is a stunning 221-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 57,710 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.
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 57,710 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.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $6,300,000 | Building Class | B |
| Price Per SF | $102 | Lot Size | 2.62 AC |
| Sale Type | Investment | Building Size | 61,700 SF |
| Cap Rate | 6.10% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1968 |
| Property Subtype | Self-Storage |
| Price | $6,300,000 |
| Price Per SF | $102 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 2.62 AC |
| Building Size | 61,700 SF |
| No. Stories | 1 |
| Year Built | 1968 |
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,342,418 (2024) | |
| Land Assessment | $1,193,850 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $148,568 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,193,850 (2024)
Improvements Assessment
$148,568 (2024)
Total Assessment
$1,342,418 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | IL (Light Industrial) |
| IL (Light Industrial) |
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29480 Pacific St
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