1680 Evans Ave 1698 San Francisco, CA 94124

This fee-simple, stabilized industrial investment opportunity presents a rare chance to acquire a prime San Francisco property. The 24,000-square-foot warehouse, built in 1956 and renovated in 2018, sits on a 30,000-square-foot lot with desirable 60/40 lot coverage. The property boasts a high-profile location with frontage and access from three streets (Evans Avenue, Quint Street, and Davidson Avenue), offering excellent visibility and accessibility. Currently leased to two high-credit tenants (Safelite and San Francisco Conservation Corps) under a gross lease with a remaining term of five years, the property generates a substantial net operating income (NOI) of $452,693.18, resulting in a 3.77% cap rate. The building features approximately 9,000 square feet of warehouse space leased to Safelite and approximately 15,000 square feet leased to the San Francisco Conservation Corps. An additional 12,000 square feet of secure yard space complements the renovated warehouse and office areas. The property is zoned PDR-2 (Production, Distribution, and Repair), making it suitable for a variety of industrial uses. Lease options range from one to five years. The asking price is $12,000,000, translating to $500 per square foot. This infill location in San Francisco's India Basin neighborhood offers exceptional potential for long-term growth and return on investment. The property's strong tenancy, favorable lease terms, and prime location make it an attractive investment opportunity in a highly competitive market.