New York
430 Park Avenue, Suite 1501
New York, NY 10022
P: +1 212-759-9001
Location:
San Francisco, CA
Acquisition Date:
August 2019
Size:
40,000 square feet
Opportunity:
In August 2019, Madison Capital acquired a leasehold and fee interest in 2800 3rd Street, which consists of a 40,000 square foot site zoned for PDR (production, distribution and repair) in San Francisco’s Dogpatch neighborhood. The property is zoned to allow for a new 6-story, 240,000 square foot PDR development. 2800 3rd Street is currently improved with four, 1-2 story buildings totaling 40,000 square feet that are projected to generate an attractive yield on Madison’s pre-development basis and serve as a covered land investment with significant future upside through entitling and developing the site.
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