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- LoopNet Team
1620 Innes Ave
San Francisco, CA 94124
Office & Storage Yard · Land For Sale
·
0.86 AC
INVESTMENT HIGHLIGHTS
- Immediate access to Highway 101 (5 minutes) and Interstate 280 (5 minutes)
- Changing land-use within the Dogpatch neighborhood has reduced available competition
- Opportunity to convert existing site into fleet or fleet charging facility
- Access to 1.3 M consumers within 10 miles and 3.5M within 25 miles
- Functional site with a ± 2,671 SF warehouse / office building
- One of the tightest industrial markets in the country with a Q3 2023 vacancy rate of 4.0%, and 6.7% average annual rent growth since 2016
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.86 AC |
| Property Subtype | Industrial | No. Stories | 2 |
| Proposed Use | Industrial | ||
| Zoning | PDR-1-G | ||
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | Industrial |
| Total Lot Size | 0.86 AC |
| No. Stories | 2 |
| Zoning | PDR-1-G |
DESCRIPTION
Newmark, as the exclusive advisor, is pleased to extend to qualified investors and owner-users the opportunity to acquire the 100% fee simple interest in 1620 Innes Avenue (“the Site”), a well positioned IOS fleet site. The Site is a ±37,500 SF fenced lot with 30 bus vehicle stalls, or 60 vehicle stalls, and a vehicle wash area with drains. The Site also includes a ±2,671 SF warehouse/office building. The Site is well-positioned for a future fleet charging facility or industrial outdoor storage. The Bay Area boasts a rapidly increasing EV adoption, creating a strong and immediate market for charging infrastructure. Additionally, the Site is well-positioned for wholesale retail sales or users requiring significant storage needs. The Site is located in the India Basin Submarket, the heart of San Francisco’s thriving 12.8 MM SF industrial market. With easy access to Highway 101 and 280 on-ramps and off-ramps, this Site offers exceptional connectivity to key areas, including Downtown San Francisco, SFO (San Francisco International Airport), and Silicon Valley. Additionally, its proximity to approximately 1.3 million consumers within a 10-mile radius presents a substantial customer base. The India Basin Submarket is one of the tightest industrial markets in the nation. As of Q3 2023, the vacancy rate stood at 4.0%. Since 2016, the submarket has demonstrated steady rent growth, averaging 6.7% annually. Additionally, the market has attracted and expanding roster of technology-focused industrial users, further fueling rent growth and declines in vacancy. ***Please Visit Our Website For More Information: https://www.nmrk.com/properties/western-region-investment-sales?propertyId=1620-innes-avenue-san-francisco-1620-innes-sale ***
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,017,963 | |
| Land Assessment | $9,588,809 | Total Assessment | $10,606,772 |
PROPERTY TAXES
