2675 Folsom

San Francisco | Ground-up Development

The three parcel assemblage in the heart of the Mission consisting of 35,734 sf of land and a 20,000 sf industrial building is now entitled for 117 units of multi-family product.

The property had three separate zoning designations (UMU, RH-3 and RH-2) which each allowed for different density. The project also shared a property line with a public park which required the design solution to not impact the park with any shadows from new development. In addition, the existing tenant had a lease expiration that went well beyond the proposed entitlement period and required a lease termination negotiation.

The property was marketed using a managed bid process which generated seven written offers, the majority of which adhered to the strict criteria required by the seller. The property was sold unentitled and achieved premium pricing.

2675 Folsom