- For Sale $9,500,000
- Property Type Industrial
- Property Size 11,000 SF
- Lot Size 1.3 Acre
- Zoning ML00M1
- Building Class C
- Year Built 1963
- Date Updated Sep 23, 2026
Description
323 S. Canal Street presents a rare opportunity to acquire a stabilized industrial investment property in the highly desirable South San
Francisco market. The property consists of an approximately 11,000-square-foot building situated on a 56,503-square-foot (1.30-acre)
parcel, offering significant land value and long-term investment potential.
The asset is 100% leased on a triple-net (NNN) lease, providing investors with a predictable and passive income stream while minimizing
landlord responsibilities. The lease has approximately five (5) years of remaining term with no renewal options, creating the opportunity
for future rent repositioning or owner-user occupancy upon lease expiration.
The property generates a strong Net Operating Income (NOI) of approximately $360,000 annually and is offered at an asking price of
$9,500,000, representing a 3.8% capitalization rate.
Located in the heart of South San Francisco's industrial corridor with excellent access to Highways 101 and 280, San Francisco
International Airport, and the greater Bay Area, 323 S. Canal Street offers investors the rare combination of stable cash flow, an
irreplaceable land position, and long-term upside in one of Northern California's strongest industrial markets.
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Contacts
HC&M Commercial Properties
HC&M Commercial Properties