Acquisition Criteria
McCarthy Development is an active buyer of industrial and commercial real estate throughout the San Francisco Bay Area — South Bay, East Bay, Peninsula, and North Bay. We move quickly on and off-market opportunities where our local relationships, in-house entitlement expertise, and construction capability let us underwrite with a level of confidence most buyers can't match.
What We Buy
- Industrial-zoned sites in our target submarkets: raw land, or covered land with in-place income (preferred WALT under 3 years)
- Value-add repositioning: existing industrial and single-story R&D buildings, vacant to fully leased, on industrial-zoned sites
- Opportunistic commercial, office, and retail
Target Geography
A compelling deal outside this footprint will still get a look, particularly if it comes through an existing relationship.
- South Bay
- Milpitas, North San Jose, San Jose, South San Jose, Santa Clara, Gilroy, Morgan Hill, Sunnyvale
- East Bay
- Fremont, Newark, Union City, Hayward, San Leandro, Oakland, Richmond
- Peninsula
- South San Francisco, Brisbane, San Carlos, Redwood City, San Mateo, Bayview-Hunters Point, Potrero Hill / Dogpatch
- North Bay
- Petaluma, Santa Rosa, American Canyon, Novato
Deal Parameters
| Deal Type | Size |
|---|---|
| Ground-up Industrial | 4+ acres (or covered-land redevelopment with existing industrial zoning) |
| Value-add Industrial | 50,000+ SF existing building |
| Opportunistic (commercial, office, retail) | Varies by site |
Third-Party Services
Own or looking to purchase a site you're not ready to sell? McCarthy also provides third-party entitlement and development services for landowners and capital partners who want our local execution capability without bringing us in as an equity partner.
Learn more about our entitlement & development servicesConnect
Have a deal?
If your site or building fits our criteria, we’d like to hear about it.
Contact acquisitions@mccarthy.us to start a conversation.