Ryan Madson Of Crest Partners Acquires 2.3-Acre Industrial Site In San Francisco

The industrial property at 3550 3rd Street in San Francisco was sold for $39,500,000. The asset spans 2.3 acres and features a total square footage of 9,600, with a price per square foot of $4,115. The transaction took place on 06/24/2024 with Ryan Madson of Crest Partners as the buyer. The deal was facilitated by brokers Blake Miller and Max Rattner of Reliance Real Estate Advisors.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $39,500,000
• Address: 3550 3rd Street
• Market: San Francisco
• Asset Type: Industrial
• ACRES: 2.3
• SF: 9,600
• PPSF: $4,115

Ryan Madson led Crest Partners in acquiring the bus repair site in San Francisco. The purchase marked the city's largest industrial deal in nearly two years. Crest Partners, a San Jose-based firm, intends to hold the property long-term, underscoring the increasing value and limited availability of low-coverage industrial sites in the area.