OFFERING MEMORANDUM Prime South of Market Corner Site 400 5th Street Marriott T KE San Francisco, CA R MA Westfield San Francisco Center 4TH Dugoni School of Dentistry 5M Project RD 3TH Moscone Center Metreon Offered by WA Intercontinental Hotel HO M SO 5T L FO HS T Whole Foods RI N SO R HA Mosso SF Residential 400 5TH REET 6T H TJ Maxx Stan Cohn Partner scohn@kiddermathews.com 415.229.8890 LIC #00693932 Michael Gschwend Vice President michaelg@kiddermathews.com 415.229.8908 LIC #01406626 I-80 W 5th Street Exit kiddermathews.com
Table of Contents 1. The Opportunity 2. Aerial Map 3. Investment Highlights SALI - Service/Arts/Light Industrial District 4. Location Overview Fifth Street Corridor The Central SOMA Plan SoMa Neighborhood San Francisco 5. Contact Information Disclaimer The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Kidder Mathews and should not be made available to any other person or entity without the written consent of Kidder Mathews. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Kidder Mathews has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Kidder Mathews has not verified, and will not verify, any of the information contained herein, nor has Kidder Mathews conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. This information has been secured from sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Recipient of this report must verify the information and bears all risk for any inaccuracies.
The Opportunity As the exclusive agent for the owner, Kidder Mathews is pleased to offer the opportunity to purchase a prime South of Market corner parcel located at 400 5th Street in San Francisco, California. The offering includes the fee simple interest in a ±7,000 square foot site located directly off of the I-80 West Fifth Street exit providing unparalleled exposure and identity at the intersection of Fifth and Harrison Streets. Currently a pre-owned car dealership (Select Auto), the property can be delivered free and clear. OFFERING OVERVIEW Address 400 5th Street San Francisco, CA APN 3760-001 Lot Size ±7,000 SF Frontage 80 along Harrison Street x 87.5 along 5th Street Existing Site Pre-owned car dealership 400 5TH REET Zoning Height Limit SALI (Service, Arts, Light Industrial) 30x Special Use Districts Western SoMa F.A.R. 2.5 to 1 Entitlements Price Terms & Procedure None Call to discuss All cash, As-Is, Where-Is. The Property is being sold without representation or warranties from the Seller.
Aerial Map Ferry Building Union Square MARKET 5M Project Westfield San Francisco Center Dugoni School of Dentistry Intercontinental Hotel HOWARD Marriott Metreon Mosso SF Residential Moscone Center TJ Maxx Whole Foods HARRISON 4TH BRYANT 3RD BRANNAN TOWNSEND AT&T Park 6TH FOLSOM 400 5TH REET San Francisco Tennis Club 5TH
Investment Highlights Corner lot providing unparalleled exposure and identity directly off of the I-80 West Fifth Street exit Located within the Central Soma area, which is currently under review by the SF Planning Department Easy access to 101, 80, and 280 freeways In close proximity to both BART and Caltrain Existing income in place on a flexible month to month basis Tough barriers to entry SALI - SERVICE/ARTS/LIGHT INDURIAL DIRICT The Service/Arts/Light Industrial (SALI) District is largely comprised of low-scale buildings with production, distribution, and repair uses. The district is designed to protect and facilitate the expansion of existing general commercial, manufacturing, home and business service, and light industrial activities, with an emphasis on preserving and expanding arts activities.
Location Overview FIFTH REET CORRIDOR The Fifth Street Corridor connects San Francisco s Powell Street Bart/Muni Station, the Powell Street Cable Car Terminus and Union Square to 5th Street s burgeoning commercial and residential thoroughfare. On the corner of 5th and Market Street, the City s most notable boulevard, is the upscale Westfield Shopping Centre, which includes Bloomingdales and Nordstrom. Directly across the street at 901 Market Street will be a new flagship Nordstrom Rack, slated to open in the spring of 2014. Other major retailers along the Fifth Street Corridor include Burlington Coat Factory and a mix of restaurants and other eateries. T.J.Maxx also opened a new store about a block away from 400 5th Street near the corner of 5th and Harrison. Two blocks north of 400 5th Street, is the Forest City and Hearst Corp. s proposed 5M Project, which will provide a major anchor to the Fifth Street Corridor. The project spans a 4-acre site roughly bounded by Mission, Fifth, Howard and Mary Streets at the nexus of San Francisco s South of Market Area. The 5M Project includes over a million square feet of office space, 750 new dwelling units, and 150,000 square feet of ground floor retail, educational, and cultural uses with five new buildings ranging in height from 50 to 400 feet. In addition, the project would include up to 888 parking spaces for cars in three subterranean levels, around 270 spaces for bikes, and 34,000 square feet of privately-owned publicly accessible open space including 22,000 square feet atop the iconic Chronicle building. Various tech users including Yahoo, which has recently signed a 60,000 square foot lease to take over Twitter s former office space within the Chronicle Building, are drawn to the area s diverse mix of office, retail, hospitality, residential and other uses. Across the street from the 5M Project, the Dugoni Dentistry School is putting the finishing touches on the new glass façade with plans of occupying over 70% of the 350,000 square foot building in the summer of 2014. This world class, state of the art facility will include classrooms, research labs, outpatient clinics and communal areas. Also lining 5th Street are several major hotels, including the Intercontinental and several residential projects that are planned or under construction. And within a short walk of 400 5th Street, is the new 463-unit Mosso project with extensive frontage on 5th Street. In addition, the recently renovated and historic San Francisco Mint is approximately two blocks from the subject property. The Fifth Street Corridor will continue its growth for years to come, given its location between Yerba Buena/Moscone Convention Center and the newly revitalized Mid-Market area, now home to notable tech companies such as Twitter, Yammer, Square and Uber.
GILBERT HARRIET RITCH RUSS LUCERNE MORRIS OAK GROVE ZOE MERLIN YERBA BUENA LN LUSK CLYDE ANNIE HAWTHORNE ANFORD COLIN P KELLY JR MINT LAPU-LAPU CLARENCE PL BUTTE PL TANDANG SORA MABINI GALLAGHER LN 7 T H 6 T H 5 T H ESSEX SHAW ALY 3 R D ERLING VASSAR PL KAPLAN LN 2 N D ECKER MALDEN ALY THE CENTRAL SOMA PLAN 400 5th Street is located within Central SoMa, an area currently under review by the San Francisco Planning Department. Significant changes could be in store for parcels that fall within this area including revisions to the land use and height controls. You can learn more about The Central SoMa Plan by visiting: http://www.sf-planning.org/index.aspx?page=2557 LEAVENWORTH JONES TURK TAYLOR EDDY MASON ELLIS POWELL GEARY OFARRELL Powell BART/Muni Station Union Square OCKTON GRANT AVE PO KEARNY Montgomery BART/Muni Station BUSH SUTTER MARKET PINE MARKET SANSOME EVENSON EVENSON EVENSON Central SoMa Executive Summary The Bay Area s population is expected to grow substantially in the upcoming decades. Housing and employment markets are increasingly looking to San Francisco as a place to accommodate a substantial portion of this growth. Additionally, state, regional, and local policies are all supportive of orienting new development to areas served by transit, as a way to reduce greenhouse gases and support other environmental and economic goals. Combined, these market and policy factors convey that substantial growth will occur in San Francisco within the foreseeable future. MOSS TULIP ALY SHERMAN COLUMBIA SQUARE JESSIE MISSION MINNA NATOMA HOWARD TEHAMA CLEMENTINA FOLSOM SHIPLEY 5M Project Under Separate Study CLARA JESSIE Moscone West 400 5TH REET 4 T H Yerba Buena Gardens Moscone Center RIZAL SFMOMA JESSIE HUNT NEW MONTGOMERY MINNA CLEMENTINA JESSIE NATOMA TEHAMA ELIM ALY GUY PL LANSING Within San Francisco, the Central SoMa area provides an excellent opportunity for transit-oriented development. This area is already well-served by transit, which will be substantially enhanced by the anticipated Central Subway. The area includes substantial development opportunity, including numerous undeveloped or underdeveloped parcels, although zoning will likely have to be revisited in some areas in order to enable these opportunities. Demand for development within the Central Corridor is already high, and is expected to increase. The neighborhood s diverse economy and culture are attractive to residents and employers. Of particular interest is this area s development as the hub of San Francisco s information technology and digital media industries. It is anticipated that companies in these sectors will increasingly seek to locate in and around Central SoMa, benefitting from proximity to similar firms, to San Francisco s well educated workforce, and to its central geographic position linking the traditional downtown financial district with the educational and employment hub of Mission Bay. As these sectors have been identified as vital to San Francisco s economic wellbeing, it is important to work to accommodate their success. BOARDMAN PL CHANNEL AHERN WAY HARRISON BRYANT BRANNAN Under Separate Study BERRY WELSH BLUXOME FREELON Caltrain Station 4th and King Railyards WELSH PERRY Caltrain BART Muni Central Subway Solid lines represent surface rail, dashed lines represent subway. ILLMAN TABER PL FEDERAL SOUTH PARK VARNEY PL TOWNSEND KING AT&T Park DE BOOM CENTRAL CORRIDOR PLAN AREA 1,000 Feet N RINCON
SOMA NEIGHBORHOOD The SoMa District in San Francisco is characterized by its industrial past. Having moved through a wave of gentrification and a dot.com boom in the 90s, the South of Market neighborhood is now home to a vast array of artistic and cultural spaces. Warehouses still populate the area, but many have been converted to offices and live-work spaces. The district seems to be in a constant state of development -- and a walk through SoMa will take you through multiple construction zones and newly carved niches of restaurants, bars, galleries, clubs, and hotels including the luxurious Intercontinental San Francisco Hotel. This area is also home to an ever-growing number of innovative enterprises, particularly in the social media, technology, life sciences, and biotech sectors. SAN FRANCISCO San Francisco is the commercial center of the nine county Bay Area region and has historically been the financial and business center of the western United States. San Francisco is a major center for international trade, particularly with nations in the Asia-Pacific region, and is one of the World s premier international tourist destinations. Forbes magazine indicates that San Francisco and the Bay Area remain among the top areas in the country for growth in jobs, income and output. Because of these and other factors, San Francisco emerged from the recession of the early 90 s as one of the most dynamic and desirable places to visit, live and work in the world. It is not surprising that PricewaterhouseCoopers Emerging Trends in Real Estate, a survey of over 150 investors, owners and other experts in the U.S., has repeatedly named San Francisco as one of the most desirable targets for investment. Home to nearly 800,000 residents and numerous major publicly traded and private companies, San Francisco is among the most popular cities in the world to live, work and visit. The City s economy boasts great diversity, with substantial financial services, professional services, technology, real estate, entertainment, consumer goods, advertising, biotechnology, tourism, education and engineering sectors. Photo by Christian Mehlführer San Francisco boasts one of the most highly educated and diverse work forces in the world, and the San Francisco Bay Area owes much of its economic success to it s extraordinary human capital. Local companies have access to a large pool of creative, motivated, and highly educated candidates: 42 percent are college graduates and 78 percent have high school diplomas. The depth and quality of the labor pool are due in part to the fine colleges and universities located in the region, including the worldclass University of California at Berkeley, the University of California at San Francisco and Stanford University. The work force earns a per capita income 12 percent higher than the statewide average and 37 percent higher than the national average. Recognizing local academic talent, Bay Area universities receive many corporate research grants, which typically flow to top-tier universities. Ten Bay Area universities invest a combined $650 million annually on bioscience research alone.
Contact Thank you for reviewing the package. We believe this site to be one of a kind and represents a tremendous opportunity for a developer, user or investor. We welcome questions and comments and encourage visit(s) to the site and surrounding areas to truly capture the magnitude and possibilities for this unique property. All initial questions, comments and tour arrangements should be set up through: Stan Cohn, Partner 415.229.8890 scohn@kiddermathews.com LIC #00693932 Michael Gschwend, Vice President 415.229.8908 michaelg@kiddermathews.com LIC #01406626 We look forward to working with you on this transaction.