1680 Evans Ave, Unit 1698 San Francisco, CA 94124-1419
- Industrial properties
- 18,810 SF
- 0.69 lot acres
Current Use by Public Records
- Safelite AutoGlass / Glass Repair Service
- FDemovator Llc / Stone Supplier
Property Details for 1680 Evans Ave
- Year built
- 1948
- Construction
- WOOD
- Lot size
- 0.69 lot acres
- Property size
- 18,810 SF
- Zone code
- PDR2
- Property type
- Industrial properties
- APN
- 5226 -012
- APU
- 5226012
Description
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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,335,000
- 6.5%
- $4,920,000
- 7%
- $4,570,000
-
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $5,485,000 Current use
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Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Francisco
- State
- California
- Longitude
- -122.39
- Latitude
- 37.7442
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
