DECA Companies Secures $45M Loan for New San Francisco Self-Storage Project

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DECA Companies has secured a $45.2 million construction loan to move forward with a major self-storage development in San Francisco, a city where such projects are rarely approved. The new facility, which will operate under the Extra Space Storage brand, is planned for 2270 McKinnon Avenue, in the city’s Produce Market district.

Once completed, the project will deliver 175,000 square feet of storage space across five levels, offering approximately 1,600 individual units. The development will include a mix of climate-controlled storage, drive-up units, vehicle storage for RVs and boats, as well as secured parking areas and gated access.

What makes this project especially notable is San Francisco’s strict land-use rules. This is one of the first self-storage facilities approved in the city in more than two decades, reflecting how limited the supply of storage options has become. Developers often face significant regulatory hurdles, making the new loan and the progress it enables a significant milestone for both DECA Companies and the market itself.

The location offers strong connectivity, with quick access to U.S. Highway 101 and Interstate 280, making it convenient for residents and businesses across the city. With San Francisco’s dense neighborhoods and limited residential space, demand for storage solutions remains strong, but supply has not kept pace.

Industry analysts say the financing demonstrates growing investor confidence in alternative real-estate sectors, especially self-storage, which has shown resilience even during economic slowdowns. In a high-cost city like San Francisco, investors increasingly look for property types that provide stable returns without the volatility of office or retail markets.

Construction is expected to begin soon, though developers must still navigate San Francisco’s famously complex building environment. Project leaders will be watching costs, permit timelines, and materials availability closely.

Once operational, the facility is expected to help ease the city’s long-standing shortage of storage space while also giving DECA Companies a strong foothold in one of the most supply-constrained markets in the country.