213 King Street - LoopNet...PROPERTY OVERVIEW Building/ Address Glassworks/ 213 King Street APN...

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Commercial Condominium For Sale/For Lease Exclusive Advisors Max Sander 415.229.8901 | LIC #01979663 [email protected] Helena Geng 415.229.8939 | LIC #01944859 [email protected] kiddermathews.com AN EXCELLENT OWNER-USER, INVESTMENT OPPORTUNITY AND/OR LEASE OPPORTUNITY San Francisco, CA 213 King Street 213 KING ST AT&T PARK

Transcript of 213 King Street - LoopNet...PROPERTY OVERVIEW Building/ Address Glassworks/ 213 King Street APN...

Page 1: 213 King Street - LoopNet...PROPERTY OVERVIEW Building/ Address Glassworks/ 213 King Street APN 8706-264 Square Feet 618 Frontage ±62.3 feet along King Street Zoning M1 Occupancy

Commercial Condominium For Sale/For Lease

Exclusive Advisors

Max Sander 415.229.8901 | LIC #01979663 [email protected] Helena Geng 415.229.8939 | LIC #01944859 [email protected]

kiddermathews.com

AN EXCELLENT OWNER-USER, INVESTMENT OPPORTUNITY AND/OR LEASE OPPORTUNITY

San Francisco, CA

213 King Street

213 KING ST

AT&T PARK

Page 2: 213 King Street - LoopNet...PROPERTY OVERVIEW Building/ Address Glassworks/ 213 King Street APN 8706-264 Square Feet 618 Frontage ±62.3 feet along King Street Zoning M1 Occupancy

OFFERING MEMORANDUM | 213 King Street

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.

Disclaimer

Table of Contents1. Executive Summary

2. Transit Map

3. Retail Corridor

4. Surrounding Office Tenants

5. SOMA/Mission Bay Aerial

6. Nearby Developments

7. Contact Information

Table of Contents

Page 3: 213 King Street - LoopNet...PROPERTY OVERVIEW Building/ Address Glassworks/ 213 King Street APN 8706-264 Square Feet 618 Frontage ±62.3 feet along King Street Zoning M1 Occupancy

PROPERTY OVERVIEW

Building/Address

Glassworks/213 King Street

APN 8706-264

Square Feet 618

Frontage±62.3 feetalong King Street

Zoning M1

Occupancy Delivered Vacant

Potential UsesRetail, Office,Commercial

Condition Warm Shell

Offering Terms For Sale/For Lease

Sales Price/Lease Price

Inquire with Broker

Kidder Mathews, as Exclusive Advisor, is pleased to present the opportunity to buy or lease a commercial condominium located at 213 King Street (the “Property”), a prime owner-user, investment or lease opportunity in the growing Mission Bay neighborhood of San Francisco, California.

Located on King Street and 3rd Street, steps away from the San Francisco Giants AT&T Park, the property offers an owner-operator, investor, or tenant an outstanding opportunity to control over 62 feet of frontage on one of the City’s most walked and trafficked thoroughfares.

• Located in the nexus of SOMA, South Beach and Mission Bay, 213 King Street benefits from the surrounding premier technology tenants, largest upcoming developments, popular restaurants and nightlife destinations, as well as the neighboring San Francisco Giant’s AT&T Park.

• The Property features unparalleled access to transit, offering front door access to the 3rd St. MUNI Rail, close proximity to Caltrain, convenient access to BART and Highway 280, providing convenient transit connectivity throughout San Francisco and the Bay Area.

• With ±62.3 feet of frontage along King Street, the Property offers an unsurpassed signage and advertising opportunity along one of the busiest streets in all of San Francisco.

• The Property, which features high ceilings and ample natural light, is currently in a warm shell condition and can be utilized as either commercial, retail and/or office space.

213 King Street represents a rare opportunity to own and/or lease a highly visible and well-located commercial condominium within one of San Francisco’s hottest, and fastest growing neighborhoods. The Property is poised to benefit from tremendous on-going and future commercial and residential development in the highly sought after submarkets of SOMA and Mission Bay.

Interior

213 KING STREET213 KING STREET

OFFERING MEMORANDUM | 213 King Street

Executive Summary

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OFFERING MEMORANDUM | 213 King Street

MUNI BUS ROUTE

MISSION BAY SHUTTLE

BART

CENTRAL SUBWAY

BIKE LANES

BIKE PATHS

Transit Map

213 KING STREET

Expansive windowspace for prime signage/advertising opportunity

2227

2222

22

22

F

F

F

12

12

33

19

19

19

9

9

19

10

10

10

10

10

T

T

T

T

T

T

T

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POTRERO HILL

DOGPATCH

SOMA

CBD

MISSIONBAY

SOUTHBEACH

BAY BRIDGE

213 KING STREET

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OFFERING MEMORANDUM | 213 King Street

4TH

ST

RE

ET

3RD

ST

RE

ET

KING STREET

213 KING STREETBOSA CONDOS

Retail Corridor

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OFFERING MEMORANDUM | 213 King Street

Surrounding Office Tenants

213 KING STREET

3RD STREET

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OFFERING MEMORANDUM | 213 King Street

SOMA/Mission Bay Aerial

213 KING STREET

KING STREET

3RD STREET

POTRERO HILL

MCCOVEY COVE

AT&T PARK

SOMA

BAY BRIDGENORTH FIDI

SOUTH FIDI

EMBARCADERO

SAN FRANCISCOBAY

MISSION ROCK

MISSION BAY

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OFFERING MEMORANDUM | 213 King Street

SAN FRANCISCO GIANTS MISSION ROCK DEVELOPMENT

The San Francisco Giants have partnered up with the Port of San Francisco on a 22-acre development site that will be comprised of 1.3 Million square feet of office, 125,000 square feet of retail, 1,500 residential units, and a 2,700-stall parking garage. The project will dedicate a full 8-acres to parks and open space, including a major waterfront park. This environmentally and state-of-the-art designed project will become a social hub of the community for families, recreational activities, community festivals, and public gatherings in a beautiful and dramatic setting. The Historic Pier 48 will be renovated to become the expanded home for Anchor Brewing, San Francisco’s oldest and largest manufacturing business.

UCSF EXPANSION

The renowned University of California, San Francisco (UCSF) Mission Bay campus, located only blocks from the Property, brings approximately 4,000 doctors, nurses, researches, and visitors to the area each day. UCSF recently opened a 298-bed hospital serving children, women, and cancer patients. UCSF/Mission Bay is anchored by world-class biopharmaceutical and high-technology companies, and is a leader in the nation in attracting life science and technology venture funding. UCSF’s already large presence will be expanding by a total of 2.7 million square feet which will employ an additional 13,500 new employees, which 213 King Street is poised to benefit from.

Nearby Developments

UCSF Mission Bay Campus

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OFFERING MEMORANDUM | 213 King Street

UBER GLOBAL HEADQUARTERS

Located steps from the Property, the ride-hailing giants UBER secured permits and broke ground in September 2016 on its future headquarters in the Mission Bay area of San Francisco. Uber is teaming with Alexandria Real Estate equities on what will be a 435,000-square-foot development, which should be ready in the second half of 2018. Approximately 4,000 employees will work out of the Mission Bay office when it opens its doors.

CHASE CENTER – WARRIORS NEW ARENA

NBA’s Golden State Warriors have recently broken ground on their new arena in San Francisco’s Mission Bay. The Chase Center, which will open by the 2019-2020 NBA season. In addition to a world-class 20,000-seat arena with over 1 million square feet of retail, the Warriors have a joint venture with Alexandria to build 580,000 square feet of office comprised of two towers.

PIER 70

213 King Street is ideally located to take advantage of the development of Pier 70, located minutes away. Over the next decade, Pier 70, the massive redevelopment project, will transform 66 acres of waterfront land in between the Mission Bay and Dogpatch, including 1,100 units of housing and as much as 2 million square feet of office, which will employ 8,000 new employees.

Orton Development, which master-leased eight buildings that make up the core of Pier 70, is transforming the existing industrial warehouses into a hip and trendy residential neighborhood with mixed-use amenities, including; restaurants, light manufacturing, large box retail, etc. Orton has already secured Restoration Hardware the Corte Madera-based furniture company, which has a cult-like following in the interior decorating business and have leases out for 100,000 square feet of office space with a major tenant.

Nearby Developments

MISSION BAY

213 KING STREET

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OFFERING MEMORANDUM | 213 King Street

ContactThank you for reviewing the marketing brochure. We welcome questions and comments and encourage visit(s) to the site and surrounding areas to capture the possibilities for this great property.

Max Sander, Senior Associate 415.229.8901 [email protected] LIC #01979663 Helena Geng, Vice President 415.229.8939 [email protected] LIC #01944859

We look forward to working with you on this transaction.