McKinleyville Self-Storage and Industrial
For Sale
Contact for pricing
1400 Glendale Dr, McKinleyville, CA
Self-storage and industrial property near Cal Poly Humboldt.
Property Size28,348 SF
Lot Size1.72 Acres
Price / SF$183.65
Days on Market1521
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
(866) 889-0550
Listed By:
Shane Avera
(949) 485-1865
Source:
Moodyscre
Added: Aug 30, 2022
Changed: Oct 26
Last Checked: Oct 28 at 6:34AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$226,217
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,524,340
$4.5M
Cap Rate 7%
$3,231,671
$3.2M
Cap Rate 9%
$2,513,522
$2.5M
Market Conditions
NOI Build-Up for 28,348 SF
Gross rent
$340.2K $12.00/SF
− Vacancy
−$17.0K −$0.60/SF
EGI
$323.2K $11.40/SF
− OpEx
−$97.0K −$3.42/SF
NOI
$226.2K $7.98/SF
Area
Humboldt County, CA
Vacancy
5.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,524,340
Cap Rate 7%
$3,231,671
Cap Rate 9%
$2,513,522
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.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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).
