Exterior photo of Cadence project, taken at sunset

Cadence

$130 million land assemblage and development of 260-unit Class A luxury multifamily community located in South San Francisco, CA. The property is within walking distance of the retail amenities of South San Francisco’s central business district and adjacent to the biotech employment hub of Oyster Point. Residents are afforded convenient access to San Francisco and Peninsula employment centers via the property’s close proximity to U.S. Highway 101 and the newly relocated South San Francisco Caltrain station. Construction completed in 2019. After a successful lease-up, Cadence was sold in 2022 for a record price in its submarket.

Year Built/Redeveloped

2019

Square Footage

208,000

Unit Count

260

Total Capitalization

$130.5

Aquisition Date

2017

Status

Completed

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