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2270 Mc Kinnon Avenue

DeCA Companies Secures $45.2 Million Construction Loan For Extra Space McKinnon Avenue In San Francisco
FINANCEDDevelopment Site

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

Kim Bishop

Talonvest Capital

Broker

$504.3M

vol

13 deals

Broker
Affinius Capital
Affinius CapitalLender

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