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    29605 Pacific St Hayward, CA 94544

    Sponsored
    For Sale
    $6,300,000

    Prime Hayward location, high ROI potential.

    Property size:
    61,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional value-add self-storage opportunity in Hayward, CA, presents a compelling investment prospect. The property, known as Hayward Pacific Mini Storage, comprises 225 units across eight single-story buildings totaling 61,700 net rentable square feet on a 2.66-acre lot. Built in 1969, the facility boasts convenient drive-up access, 24-hour camera surveillance, and a secure gated entrance, enhancing tenant appeal and security. Currently operating at 88% occupancy (as of June 1, 2024), the property generates a current NOI of $380,819, translating to a 6.04% cap rate. Pro-forma projections indicate a significant increase in NOI to $427,905 and a 6.79% cap rate. The asking price is $6,300,000, representing a price per unit of $28,000 and a land value of $54.37 per square foot. The property's strategic location in Hayward provides easy access to major employment centers in Oakland, the Peninsula, Tri-Valley, Silicon Valley, and San Francisco, further enhanced by proximity to Interstate 880, Interstate 580, the San Mateo-Hayward Bridge, and BART stations. Zoned IL, this asset offers significant upside potential for investors seeking a strong performing, well-located self-storage facility in a thriving Bay Area market. The property's current mom-and-pop ownership structure presents an opportunity for streamlined management and operational improvements.

    Property Features for 29605 Pacific St

    General Information

    Property type
    Self storage facilities
    Square Feet
    61,700 SF
    Class
    C
    Lot Size
    115,870 SF

    Building Details

    Year Built
    1969
    Buildings
    8
    Stories
    1
    Units
    225

    HighLights

    • $6,300,000 asking price for a value‑add, Class C self‑storage facility.
    • 61,700 square feet, 225 units, 88% occupancy.
    • 6.04% current cap rate, 6.79% pro‑forma cap rate.
    • $380,819 current NOI, $427,905 pro‑forma NOI.
    • Located in Hayward, CA, on a 2.66‑acre lot, built in 1969.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hayward Pacific Storage Boat Storage Facility U-Haul Neighborhood Dealer Truck Rental Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hayward
    County
    Alameda
    State
    California
    Longitude
    -122.05278644525
    Latitude
    37.626584388261

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    FAQs

    What type of property is this?
    Self storage facility - Prime Hayward location, high ROI potential.
    Where is this self storage facility located?
    The property is located at 29605 Pacific St Hayward, CA.
    What is the asking price?
    The asking price for this property is $6,300,000.
    What are key features of this property?
    This property features: $6,300,000 asking price for a value-add, Class C self-storage facility.; 61,700 square feet, 225 units, 88% occupancy.; 6.04% current cap rate, 6.79% pro-forma cap rate.
    (408) 642-0353
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    29605 Pacific St Hayward, CA 94544
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