DeCA Companies Secures $45.2 Million Construction Loan For Extra Space McKinnon Avenue In San Francisco
2270 Mc Kinnon Avenue
$45,200,000
Building Size
—
Asset Type
Development Site
Closing
Nov 12, 2025
AI
The asset involved in this transaction is a development site located at 2270 McKinnon Avenue, San Francisco. The project is set to become an Extra Space self-storage facility, comprising 1,600 units within a 175,000-square-foot structure. This construction includes a five-story layout, with light industrial space on the ground floor and storage facilities occupying the four upper levels.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $45,200,000
- Lender: Tyler Figley - Affinius Capital
- Lender: Tyler Kimball - Axonic Capital
- Landlord: Stanley Zheng - Deca Companies
- Broker: Kim Bishop - Talonvest Capital
- Loan Type: Construction
This financing deal was facilitated by Talonvest Capital, representing Deca Companies. The arrangement addresses a 20-year supply gap in San Francisco's self-storage market and positions the project under the well-recognized Extra Space brand.
Players
San Francisco Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93