McKinleyville Self-Storage and Industrial
1400 Glendale Dr McKinleyville, CA
For Sale
Contact for pricing
Self-storage and industrial property near Cal Poly Humboldt.
Property Size28,348 SF
Lot Size1.72 Acres
Price / SF$183.65
Days on Market1431
Property Features for 1400 Glendale Dr
General Information
Standard status
Active
Size
28,348 SF
Lot size
1.72 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Matthews Real Estate Investment Services - Orange County
(949) 485-1865
Listed By:
Shane Avera
(949) 485-1865
Source:
Moodyscre
Added: Aug 30, 2022
Changed: Jul 10
Last Checked: Jul 21 at 6:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services - Orange County
Investment Insights
Based on property information with market context.
This property, located in McKinleyville, California, comprises self-storage and industrial facilities. The property is situated in close proximity to Cal Poly Humboldt, which has over 8,000 students. Recent capital improvements include updated fencing and a new security system. The property has recently expanded with the addition of 40 portable units, demonstrating strong lease-up and market demand for storage. The property size is 28,348 square feet. Below-market rents present an opportunity for investors to increase rates and cash flow.
Key Highlights
- Upside: Below market rents offer immediate cashflow increase potential.
- Recent Expansion: 40 portable units added, demonstrating strong market demand.
- Location: Close proximity to Cal Poly Humboldt (8,000+ students).
Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $340.2k | $12.00 |
| − Vacancy | −$17.0k | −$0.60 |
| EGI | $323.2k | $11.40 |
| − OpEx | −$97.0k | −$3.42 |
| NOI | $226.2k | $7.98 |
28,348 SF · lease $12.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$3.23M
$2.83M – $3.77M
NOI $226,217 @ 7.0% cap · market cap 4.35%
Second Best
Industrial
$2.36M
$2.07M – $2.76M
NOI $165,377 @ 7.0% cap · market cap 3.18%
Theoretical Best
Flex RnD
$10.71M
$9.37M – $12.49M
NOI $749,379 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Self storage facility - Self-storage and industrial property near Cal Poly Humboldt.
Where is this self storage facility located?
The property is located at 1400 Glendale Dr McKinleyville, CA.
What is the asking price?
The asking price for this property is $5,206,000.
What are key features of this property?
This property features: Upside: Below market rents offer immediate cashflow increase potential.; Recent Expansion: **40 portable units added, demonstrating strong market demand.**; Location: Close proximity to Cal Poly Humboldt (8,000+ students).
