Does anyone think it is worth the risk to invest in this area?

Before proceeding with the sale, it's essential to weigh these potential downsides against the benefits of a quick and straightforward transaction.

The other considerations noted by other posters are valid, but when you weigh them against the high risk of extended vacancy, ending at the beginning of winter is to be avoided at all costs.  2 months of added vacancy is a 16.6% loss to annual income. 

Sorry for the bad news, but just stating facts.So balance the costs of things, as previously said, then also think about the cost of any potential rate increase that will probably happen IF a good storm comes through.= You make a claim, yes your rates will most likely go up.= You don't make a claim, but most others do ... your rates will probably go up!

Are you a seasoned investor in the Bay Area open to networking and potentially helping guide us on our journey?

Flex Spaces and storage units is a uber saturated / niche market and I think has a little too much risk for a newbie's first investment.  

Whether it's sharing insights, seeking advice, or exploring potential partnerships, I'm here with an open mind and a willingness to learn.If you're involved in any of the mentioned roles, I'd love to connect and hear more about your experiences.

I would assess the risk based on the title search.

This area is slated to be the next biggest development in the next 10 years.From my calculations, this seems like an ideal move, but I'm aware that there could be considerations or risks that I haven't thought of.

Wouldn't risk all of it.