The Pixar Way: 37 Quotes on Developing and Maintaining a Creative Company (fr...
1125 market st.
1. 1125 Market St, San Francisco Page 1 of 9
SlideShare
Search…
• Upload
• Browse
• Go Pro
• 00
•
Email Favorite Save file Flag Embed Related More
EN TRIPS Existing Conditions Jun
0 2010
1125 Ma rke t Stre e t | San Francis co, CA 843 views
Like
Where To Live, How To Get There
1 695 views
Contents
1. Exe c u tive Su m m a ry
• Offe ring Ove rvie w
• P rojec t Des cription
575 4th street1
• Inves tme nt Highlights 76 views
• Loca tion Map
2. P roje c t De s c rip tio n
• Ass umptions
• S ite P lan
65-67 Ramona Street
3. De ns ity Ana lys is
143 views
4. Loc a tio n
• S an Fra ncis co Area
• Notable Mid Market Projec ts
5. Ma rke t Ove rvie w New York City Neighborhoods
• Apartment Marke t S naps hot
145 views
• Downtown Sa n Franc isc o Re side ntial Pipe line
• Entitled Projec ts
Broadway Tod Report 1 Precedents
Th is in fo rm a tio n s u p p lie d h e re in is fro m s o u rc e s w e d e e m re lia b le . It is p ro vid e d with o u t a n y re p re s e n ta t io n , wa rra n t y o r g u a ra n te e ,
Pa g e 4
e xp re s s e d o r im p lie d a s t o its a c c u ra c y. P ro s p e c tive Bu ye r o r Te n a n t s h o u ld c o n d u c t a n in d e p e n d e n t in ve s tig a tio n a n d ve rific a tio n
o f a ll m a tt e rs d e e m e d to b e m a te ria l, in c lu d in g , b u t n o t lim it e d to , s ta te m e n t s o f in c o m e a n d e xp e n s e s . C o n s u lt yo u r a tt o rn e y,
1455 views
a c c o u n t a n t, o r o t h e r p ro fe s s io n a l a d vis o r.
«‹›»
4 /31 01.ENTRIPS
207 views
Chip's Scavenger Hunt Powerpoint
146 views
04.ENTRIPS
79 views
No comments yet
Cutsheet Drafts 1
514 views
Affordable Housing MoHUPA &
Dept. of Housing, SPA Delhi
3089 views
Downtown Austin Development 2007
8434 views
1125 Market St, San Francisco
Presentation Transcript
Soma Q209 Office Report
1548 views
1. 1125 Market1125 MARKET STREET Street San Francisco, CA Ma rke tS t
Confidential Offering Memorandum St h 8t PRESENTED David Wientjes
Clayton Jew BY 415.229.8969 415.229.8920 davidw@kiddermathews.com Final June Maincor
833 views
cjew@kiddermathews.com LIC #00869637 LIC #00834308
2. t St rke Ma1125 MARKET STREET ter St McAllis Golden Gate Ave
02.ENTRIPS
90 views
3. NORTH BEACH CHINATOWN NOB HILL FINANCIAL DISTRICT
UNION SQUARE CIVIC CENTER 1125 MARKET
STREETHAYESVALLEY San Francisco Highlights Q1 2012
Tom Poser
35 views
http://www.slideshare.net/carminabacani/1125-market-st-san-francisco 12/20/2012
2. 1125 Market St, San Francisco Page 2 of 9
4. 1125 Market Street | San Francisco, CAContents1. Executive Summary •
Civic masterplan sector1-small
Offering Overview • Project Description • Investment Highlights • Location 847 views
Map2. Project Description • Assumptions • Site Plan3. Density Analysis4.
Location • San Francisco Area • Notable Mid Market Projects5. Market
TCG Housing Recovery Forecast
Overview • Apartment Market Snapshot • Downtown San Francisco Residential 2366 views
Pipeline • Entitled ProjectsThis information supplied herein is from sources we
deem reliable. It is provided without any representation, warranty or
The Concord Group's Housing
guarantee,expressed or implied as to its accuracy. Prospective Buyer or Tenant Recovery Forecast
4285 views
should conduct an independent investigation and verification Page 4of all
matters deemed to be material, including, but not limited to, statements of
Redevelopment Commission Projects
income and expenses. Consult your attorney,accountant, or other professional Book
737 views
advisor.
5. 1125 Market Street | San Francisco, CAExecutive Summary Page 5 Autodesk Facility Coordinator
6. 1125 Market Street | San Francisco, CAExecutive SummaryOFFERING
OVERVIEW1125 Market Street represents a unique opportunity to acquire a
Overcome the 5 Pitfalls of Subleases
residentialdevelopment project in the heart of the Mid Market and Civic
Center/Van NessCorridor districts of San Francisco. The property benefits from
its proximity toall that San Francisco has to offer with major freeway and mass
Mlnarik for BBQ
transit accesspoints to North Bay and the Peninsula.Price1125 Market Street is
being offered without an asking price.Offering ProcessAll Offers should be
delivered to the offices of the Advisor, Kidder Mathews,attention David
Wakefield Building - 426 17th St.
Wientjes or Clayton Jew, by fax at 415-229-8987 or e-mailat Oakland
davidw@kiddermathews or cjew@kiddermathews.com. We request
thatinterested parties submit a formal Letter of Intent (“LOI”) on the Offer
Social Media Luncheon for the
Dateoutlining their company background along with the salient terms by AEC/Commercial Real Estate
Industries
whichthey intend to purchase the Property, including purchase price, deposits,
duediligence period, and closing period. Page 6
ACP - San Francisco Transbay
Terminal Presentation
7. 1125 Market Street | San Francisco, CAPROJECT DESCRIPTION •
Approved payroll tax incentives on new jobs, luring employers to immediate
area• Established and highly desirable location • Lack of developable land and 98 Franklin St. aerial view
strict land use controls hindering new• Outstanding demographics
developmentINVESTMENT HIGHLIGHTS • In proximity to a number of
colleges including the Academy of Art University, California Art Institute, Human Factors/Ergonomics in the
Workplace
Hastings College, and Dugoni School of• 2 blocks from Market Square,
headquarters for Twitter Dentistry• Existing 12,401 square foot site (no
demolition required)• Within the emerging Central Market Corridor, home of Rock Wall Winery Tour
Twitter and notable residential projects such as Crescent Heights, Avalon Bay
and Trinity Plaza• Immediately adjacent to the Strand Theater recently
purchased by ACT theater• Located next to Hayes Valley - noted for Renior Hotel_ SF Biz Times
outstanding urban living, world class restaurants and nightlife, urban agriculture
and community ethic• Bordering Civic Center and Van Ness Corridor, the
cultural heart of San Francisco• BART and Muni entry in front of property• Become an IFMA ENERGY
Economic recovery in full swing 1355 Market Street | Home of Twitter and STAR®!
Yammer• Easy access to 101 and 280 freeways Page 7
Cal Ergonomics Project Win - UC
8. 1125 Market Street | San Francisco, CALOCATION MAP CA Art
Berkeley
Residential Development Proposed SF PUC 50 UN Institute California PUC
Headquarters Asian Plaza (Federal) 1 1 1 Polk - The Argenta r S tr e e t Art
BOC Oakland Employer Panelist
Museum 1125 MARKET STREET 179 Units M c A ll is te 2 10th & Market -
Call
Crescent Heights ACT Civic Theatre 2 750 Units ld l B era Center Plaza 16,000
SF retail g Herbst ce d ffi Fe Theater (845 Parking O w SF Spaces) 3 Trinity
Accounting Clerk Position at Santa
Developments e N City Hall SF Main Public Library 1,900 Units 60,000 SF
Clara Law Firm
retail t ree 7 3 4 1390 Market - Fox Plaza li n S t War Memorial Opera House S
tr e e t 3 230 Units G ro v e ue 5 77 Van Ness Frank Bill Graham Aven Civic 4
Infuse Marketing Work
48 Units 8t Auditorium 1275 Market h Divco West 6 55 Page Street - The
Recommendations
Hayes S Davies ess tr Symphony 128 Units ee Hall t Va n N Academy 7 SoMa
Grand of Art 4 5 University et 8 246 Units S tr e e t e Hayes Emerald tr 9t 8 55
http://www.slideshare.net/carminabacani/1125-market-st-san-francisco 12/20/2012
3. 1125 Market St, San Francisco Page 3 of 9
9th Street - Avalon Bay S Fund 1 et h S 6 260 Units Development k 400+ Units ACP Holiday Mixer
ar tr ee M Market Square t (Twitter) eet F e ll S tr 5 1.1M SF 7 2 8 on San
Francisco 1455 Market Conservatory i ss of Music Hudson Pacific i tr e e t M
Santa Clara Chamber
Oak S 11 th City of SF S Muni tr Headquarters ee t tr e e t Page S 6 Page 8
Newsletter_Nov Issue
9. 1125 Market Street | San Francisco, CAProject Description Page 9
Hoteling, Real Estate & the
10. 1125 Market Street | San Francisco, CAProject Description122 UNIT Evolution of Facilities
DENSITY STUDY Page 10
11. 1125 Market Street | San Francisco, CAASSUMPTIONSMunicipal Address October 2011 IFMA Foundation
Newsletter
1125 Market Street, San Francisco, CA (Northside, between 7th and 8th Streets)
Zoning (Market Octavia Area Plan) C3G (Downtown General Commercial
District)Parcel Number Block 3702 - Lot 047Height and Bulk Limit 120-X (No Product Manager Energy
Performance
Bulk)Dwelling Unit Density 1 dwelling unit for each 125 SF of lot area is a
permitted use. A greater density, limited by the discretion of the Planning
Commission, is a conditional use. A greater density, limited by the discretion of
the Planning Commission, is a conditional use.FAR 6.0 to 1 (without TDR’s),
9.0 to 1 (with TDR’s)Maximum FAR 1.5 x basic FAR = 1.5 x 6.0 = 9.0 The
gross area of the lot in the C-3-R, C-3-S % C-3-G Distircits may not exceed a
floor area that is 1 1/2 times the basic area limit for the district. Therefore it
may only reach a maximum of 9.0 to 1.Parking Off-Street Parking: Residential -
Not required in any C-3 district, Non-Residential - Not required in any C-3
district Maximum Parking Allowed: Permitted up to one car for each four
dwelling units; up to 0.75 cars for each dwelling unit, subject to the criteria and
procedures of Section 151.1(f); not permitted above 0.75 cars for each dwelling
unit. Bicycle Parking: For projects up to 50 dwelling units, one Class 1 space
for every 2 dwelling units. For projects over 50 dwelling units, 25 Class 1
spaces plus one Class 1 space for every 4 dwelling units over 50.Site Size (Per
Realquest) 165 feet x 75.167 feet = 12,402.56Allowable Conditional Uses
Residential, Retail, Entertainment, WholesaleHighest and Best Use Residential
Apartments/CondosStreet Frontage Market Street - 75.167’ Page 11
12. 1125 Market Street | San Francisco, CASITE PLAN1125 Market Street is
located on the block bounded by 7th and 8th Streets and Stevenson Street. The
Property is located and referred to by Assesor’s Numbers3207-047. The site is a
rectangular shape containing ±12,401 square feet (.28 acres) of land. Page 12
13. 1125 Market Street | San Francisco, CADensity Analysis Page 13
14. 1125 Market Street | San Francisco, CADensity Analysis1125 MARKET
STREETSan Francisco, CAAstoria Properties LLCHeller Manus
ArchitectsMarch 27, 2012AREA SUMMARY PARKING OPEN SPACE
UNIT MIX Resid. Unit Resid. Unit Resid. Residential Residential Level NSF
GSF Common GSF Retail GSF Parking GSF Mech. GSF Total GSF Parking
Stalls Bicycle Stalls Common Private Retail JR 1 BR 1 BR 2 BR # Units Level
R 560 560 5,856 R 12 6,830 10,045 10,045 7 3 1 11 12 11 6,830 10,045 10,045
7 3 1 11 11 10 6,830 10,045 10,045 7 3 1 11 10 9 6,830 10,045 10,045 7 3 1 11
9 8 6,830 10,045 10,045 7 3 1 11 8 7 6,830 10,045 10,045 7 3 1 11 7 6 6,830
10,045 10,045 7 3 1 11 6 5 6,830 10,045 10,045 7 3 1 11 5 4 6,830 10,045
10,045 7 3 1 11 4 3 6,830 10,045 10,045 7 3 1 11 3 2 6,790 10,045 10,045 10 2
0 12 2 1 3,500 8,365 11,865 1 B 11,940 11,940 19 43 BTOTAL 75,090 110,495
3,500 8,365 11,940 560 134,860 19 43 5,856 0 0 80 32 10 122 UNIT TYPES
JR 1 BR 1 BR 2 BR Total UNIT RATIOS 65.6% 26.2% 8.2% 100.0%FAR
CALCULATIONS: OPEN SPACE CALCULATIONS:Building GFA =
110,495 GFA (excludes retail, parking and mech. penthouse) Residential:Site
Area = 12,401 SF Total Units = 122 unitsFAR = 8.91 Common Open Space
Required = 122 units x 48 sf =5,856 sf Common Open Space Provided = 5,856
sfTDR CALCULATIONS: Retail:Base FAR = 6 Open Space Required = 8,365
sf / 50 = 168 sfBase FAR + TDR = 8.91 Open Space Provided = 0 sfTDRs
Required = 36,089 SF (This is assumed being covered by paying an in-lieu
http://www.slideshare.net/carminabacani/1125-market-st-san-francisco 12/20/2012
4. 1125 Market St, San Francisco Page 4 of 9
open space fee)Assumptions:1. Residential Unit NSF areas are taken from paint
-to-paint within each of the units.2. The rear yard (sec. 134) and dwelling unit
facing an open area (sec. 140) requirements will require asking for exceptions
to the Planning Code. Page 14
15. 1125 Market Street | San Francisco, CALocation Page 15
16. 1125 Market Street | San Francisco, CALocationSAN FRANCISCO AREA
or Western Addition rrid Fillmore Co Financial ss Union Ne Square District
Civic Van Hayes Center Valley Yerba Octavia/ Buena Market 1125 MARKET
STREET SoMa Castro Mission Page 16
17. 1125 Market Street | San Francisco, CAThe vibrant and dynamic San
Francisco Bay Area is equidistant to Europeand Asia, making it a strategic
location for global businesses and one ofthe leading centers for international
commerce. The city of San Francisco issituated on a 46.6 square mile peninsula
bordered by the Pacific Ocean to thewest, Marin county to the north, and San
Francisco Bay’s vast deep-waterharbors to the east. The Bay Area’s long
standing cultural and commercialties with Asia provide a unique competitive
advantage for sustaining SanFrancisco’s status as the gateway to the Pacific
Rim.San Francisco is the commercial center of the nine-county Bay Area
regionand is the 24th largest economic market in the world. With over seven
millionresidents, the San Francisco Bay Area is the 5th largest metropolitan
area inthe United States and world famous for its scenic beauty, 24-hour
“live/work/play” environment and unparalleled amenity base downtown.Forbes
magazine indicates that San Francisco and the Bay Area remainamong the top
areas in the country for growth in jobs, income and output. boasts great
diversity, with substantial financial services, professionalBecause of these and
other factors, San Francisco emerged from the services, technology, real estate,
entertainment, consumer goods, advertising,recession of the early 1990’s and
2008 as one of the most dynamic and biotechnology, tourism, education and
engineering sectors. San Franciscodesirable places to visit, live and work in the
world. It is not surprising that boasts one of the most highly educated and
diverse work forces in the worldPrice Waterhouse Cooper’ “Emerging Trends
in Real Estate,” a survey of over and the San Francisco Bay Area owes much of
its economic success to its150 investors, owners and other experts in the U.S.
has repeatedly named extraordinary human capital.San Francisco as one of the
most desirable targets for investment. Hometo nearly 800,000 residents
(projected to grow to 957,000 residents by the Local companies have access to a
large pool of creative, motivated, andyear 2035), San Francisco is the Bay
Area’s most densely populated city with highly educated candidates: 42 percent
are college graduates and 78 percentnumerous major publicly traded and private
companies and is among the have high school diplomas. The depth and quality
of the labor pool are duemost popular cities in the world to live, work and visit.
The City’s economy Page 17
18. 1125 Market Street | San Francisco, CAin part to the fine colleges and
universities located in the region, including the • Firms such as Apple, Oracle,
Cisco and Intel make the San Francisco Bayworld-class University of California
at Berkeley, the University of California Area the nation’s leading producer of
computer hardware and software. Inat San Francisco and Stanford University.
The work force earns a per capita addition, leading internet companies
including Google, eBay and Yahoo!income 12 percent higher than the statewide
average and 37 percent higher maintain their headquarters in the Bay Area.than
the national average. Recognizing local academic talent, Bay Area • Leading
Bay Area universities such as UCSF, UC Berkeley and Stanforduniversities
receive many corporate research grants , which typically flow to are attracting
to the Bay Area the world’s greatest concentrationstop-tier universities. Ten
Bay Area universities invest a combined $650 million of biotechnology and life
science companies. The majority of theseannually on bioscience research alone.
http://www.slideshare.net/carminabacani/1125-market-st-san-francisco 12/20/2012
5. 1125 Market St, San Francisco Page 5 of 9
companies are located along the San Francisco Peninsula, from Mission• The
Wall Street Journal declared San Francisco as the number one Bay in San
Francisco to San Jose. desired location for recent graduates from the nation’s
top business schools.• In San Francisco, job growth averages 10,000 new jobs a
year with unemployment well below the state and national figures.Economic
Highlights• The Bay Area has long been recognized as one of the most
important innovative and rapidly growing high-technology sectors such as
computer and biotechnology, unparalleled access to capital markets including
the most active venture capital market in the world.• Twenty-eight Fortune 500
and fifty-three Fortune 1,000 firms have their corporate headquarters in the Bay
Area. Major international corporations, banks, financial services companies and
venture capital firms are located in the region that collectively provides the
necessary capital to fund the region’s economic strength. Page 18
19. 1125 Market Street | San Francisco, CASan Francisco Premier Tourist
DestinationSan Francisco is consistently viewed as one of the world’s premier
touristdestinations and receives over 17 million visitors a year. Visitor and
conventionspending generates over $8.5 billion annually. The Moscone Center
andMoscone Center West host conventions throughout the year drawing in
peoplefrom around the globe. About 60 percent of San Francisco’s visitors
attendconventions.The San Francisco lodging market has performed
exceptionally well inthe past twelve months, and according to Smith Travel
Research, the SanFrancisco-San Mateo lodging market ranked third among the
top 25 marketsnationwide in overall market RevPAR only behind New York
and Honolulu.Comprised of a total of approximately 51,900 guestrooms in 398
properties,the San Francisco area’s numerous tourist attractions, expansive
meeting andconvention facilities, and a diverse economy makes the region one
of the toplodging destinations in the country. Moscone Center Page 19
20. 1125 Market Street | San Francisco, CALocation Overview1125 Market
Street is located within the Mid Market District and borders theVan Ness/Civic
center neighborhood in the center of the city, where MarketStreet and Van Ness
Avenue intersect. It is also in proximity to Hayes Valley,SoMa, San Francisco’s
downtown area, Union Square and Moscone Center.The Renaissance of Central
MarketCentral Market, an area bounded by Van Ness Avenue, is undergoing
anextraordinary renaissance due to it’s proximity to a vital transportation
corridoralong Market Street, the increased demand for housing and commercial
officespace due to the technology boom and the city of San Francisco’s focus to
Trinity Plazarevitalize Central Market Street.The San Francisco Board of
Supervisors passed a payroll tax exemption inApril 2011 which provides a six-
year tax break for new employees hired atcompanies that move to an office
location in the Central Market corridor.The tax break has attracted the world
headquarter offices of Twitter to lease215,000 square feet at Shorenstein’s 1
million square feet at 10th and MarketStreets. Other growing technology and
creative companies are following suchas Zoosk, Yammer, ZenDesk, Burning
Man, CallSocket and One King’s Lane.The revitalization of Central Market are
motivating major institutional investorsto invest substantial capital into existing
buildings such as Hudson Pacific,Shorenstein, Behringer Harvard, and
TMG/Divcowest. Crescent Heights Avalon BayMajor residential projects are
either in construction or breaking groundincluding Trinity Plaza, Crescent
Heights and Avalon Bay. Page 20
21. 1125 Market Street | San Francisco, CACivic Center1125 Market Street is
located in proximity to the Civic Center neighborhoodwhich contains many of
the City’s largest government and cultural institutions.The area has a total of 6.5
million square feet of office space. Civic Centercomplex is seen as the cultural
heart of San Francisco and the City hasinvested heavily in the area over the
recent years including a new SymphonyHall, a renovated Opera House, a new
Asian Arts Museum, a new libraryand a renovated City Hall. The private sector
http://www.slideshare.net/carminabacani/1125-market-st-san-francisco 12/20/2012
6. 1125 Market St, San Francisco Page 6 of 9
has supplemented this withdevelopment of luxury housing, a commercial office
space and amenities.Performance venues such as Bill Graham Civic Auditorium
and the Orpheumadd to the excitement of this district. Civic Center still remains
the heart ofSan Francisco as witnessed by the numerous political events, annual
festivals,and massive parades such as the San Francisco Giants World
Championshipcelebration. Argenta Page 21
22. 1125 Market Street | San Francisco, CANOTABLE CENTRAL MARKET
PROJECTS STATUS/ PROCESS USE UNITS/SIZE DEVELOPER
COMPLETION1 100-150 Van Office ±600,000 SF to Emerald Fund In
Planning 1125 MARKET STREET Ness be redeveloped Advisor 101 Hayes
into residential2 150 Hayes Office ±130,000 SF Academy of Arts In Planning
11 12 University3 The Argenta Residential 179 apartments Behringer Harvard
Completed 94 Archstone Fox Residential 443 apartments Archstone In
Planning 2 Plaza 1 4 105 1455 Market Office +1 million SF Hudson Pacific
Leased 3 Bank of Properties 8 America Data 6 Center 5 76 1401 Market
Residential 754 apartments Crescent Heights Under construction7 Mercy
Housing Residential 136 apartments Mercy Housing Completed Developments
plus 107 apartments for senior housing8 Market Square Office +1 million SF of
Shorenstein Twitter 215,000 1355 Market office space to Properties One King’s
Lane be redeveloped 50,000 CallSocket 32,0009 1275 Market Office 346,202
SF Divcowest/TMG In planning Partners10 55 9th Street Residential 260
apartments Avalon Bay Construction11 The SoMa Residential 246 condos AIG
Capital Completed Grand TMG Partners12 Trinity Plaza Residential 1,900
Trinity Properties Building 1 completed apartments Building 2 under
construction Page 22
23. 1125 Market Street | San Francisco, CAMarket Overview Page 23
24. 1125 Market Street | San Francisco, CAMarket OverviewAPARTMENT
MARKET SNAPSHOT professional and business services and other
technology companies was gobbling up apartments on site.• Overall San
Francisco Vacancy Rate: 4% “We’re seeing a new demographic entering the
housing – Generation Y”,• Vacancy Rate in Comparable New Projects: 1%
according to Sarah Bridge of RealFacts. “Their preference is to live in the•
Average Rent in Comparable Projects: $4.18 PSF heart of vital, thriving
community like San Francisco. They want to be where the action is, and they
don’t mind being in a small studio apartment as long as• Rent Growth in Past 12
Months: 10% it’s well located.”The San Francisco Apartment Market The San
Francisco apartment market is the strongest in California, it has always been a
city of renters as only about a third it residents are homeownersOver the past
several years, San Francisco has continued to outperform other which is about
half the national ownership rate.major multifamily markets in the United States
and is positioned to continuethis performance due to strong fundamentals in the
marketplace. Thereputable multifamily market in San Francisco has benefited
from populationand job growth, stable income and strict land use controls
hindering newdevelopment, and lack of home ownership affordability in key
districts andlocations.Supply and DemandBeginning in 2010, San Francisco
witnessed a turnaround from the deepnational recession where 1,391 units of
net absorption were realized. Thevibrant local economy was responsible for
driving demand for apartments,a new wave of tech workers hired by rapidly
growing social media, gaming, Page 24
25. 1125 Market Street | San Francisco, CAVacancy and Rents Q4 2011 vs. Q4
2010 Change in Rental Rates• Average apartment rental rates in San Francisco
increased by 15.6% • Studio: 18.8% during the fourth quarter of 2011 compared
to the same quarter one year • 1 Bedroom / 1 Bath: 17.2% ago, marking the
fourth consecutive quarter of positive rental growth. • 2 Bedroom / 1 Bath:
15.1%• The vacancy rate for San Francisco apartments remained low at 3.7%
during the fourth quarter of 2011. • 2 Bedroom / 2 Bath: 17.6%• Studio
http://www.slideshare.net/carminabacani/1125-market-st-san-francisco 12/20/2012
7. 1125 Market St, San Francisco Page 7 of 9
apartment rents continued to outperform the market as a whole, • 3 Bedroom / 2
Bath: -0.4% posting an increase of 18.8% during the fourth quarter compared to
the same quarter one year ago. • All Unit Types: 15.6% $3,000 12% $2,500
10%Average Rental Rate $2,000 8% Vacancy Rate $1,500 6% $1,000 4%
Average Rental Rate: $2,590 $500 2% Vacancy Rate: 3.7% $0 0% Q4 Q1 Q2
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2006 2007
2007 2007 2007 2008 2008 2008 2008 2009 2009 2009 2009 2010 2010 2010
2010 2011 2011 2011 2011 Page 25
26. 1125 Market Street | San Francisco, CARENTAL MARKET
COMPARABLES 2000 Broadway ARGENTA 1 Polk Street No. of Units 220
No. of Units 179 Year Built 1974 Year Built 2008 Unit Mix SF Rental Rate
$/SF Unit Mix SF Rental Rate $/SF Studio 500 $2,349-$3,024 $5.15 1BR/1BA,
609-1,374 $$2,712-$4,400 $3.93 Jr. 1 600 $2,649-$3,129 $4.68 2BR/2BA
2BR/2BA 1,100 $4,244-$4,644 $3.98 Averages 799 $3,140 $3.93 Averages 613
$2,894 $4.72 2000 Post Street Avalon at Mission Bay North No. of Units 304
No. of Units 823 Year Built 1986 Year Built 2002 and 2009 Unit Mix SF
Rental Rate $/SF Unit Mix SF Rental Rate $/SF Studio 500 $1,998 $4.00
Studio 572 $2,405-$2,830 $4.45 1BR/1BA 630 $2,660 $4.22 1BR/1BA 814
$2,645-$3,375 $3.55 2BR/2BA* 930 $3,409 $3.67 1BR TH 967 $2,805 $2.90
Averages 625 $2,491 $3.98 2BR/2BA 1,234 $3,985-$5,065 $3.52 * The rental
rate for 2BR/2BA units shown above is out of date since there 2BR TH 1,431-
1,528 $3,080-$3,255 $2.14 has not been a 2BR/2BA unit available recently. If
one becomes available, 3BR/2BA 1,380 $4,450 $3.22 asking rent is likely to be
approximately $3,800 per month ($4.09/SF) or Averages 613 $2,894 $3.62
higher. Page 26
27. 1125 Market Street | San Francisco, CARENTAL MARKET
COMPARABLES Geary Courtyard - 639 Geary No. of Units 164 Year Built
1990 Unit Mix SF Rental Rate $/SF Studio 485 $2,040-$2,205 $4.32 1BR/1BA
690 $2,640-$2,655 $3.83 Averages 648 $2,534 $3.91 The Paramount - 680
Mission Street No. of Units 486 Year Built 2001 Unit Mix SF Rental Rate $/SF
Studio 500 $2,500-$2,900 $5.27 1BR/1BA 700 $3,000-$3,895 $4.71 2BR/2BA
1,100 $4,000-$7,000 $5.00 Averages 705 $3,393 $4.81 Page 27
28. 1125 Market Street | San Francisco, CADOWNTOWN SAN FRANCISCO
RESIDENTIAL PIPELINE ESTIMATED DEVELOPMENT
DEVELOPER/OWNER # UNITS TYPE SUBMARKET COMPLETION
UNDER CONSTRUCTION 1844 Market Street MacFarlane Partners 113
Rental 2012 Hayes Valley Potrero Launch - 2235 3rd Street Martin Building
Company 196 Rental 2012 Central Waterfront Madrone - 435 China Basin Way
Bosa Development 329 Condo 2012 Mission Bay 10th & Market Site Crescent
Heights 754 Rental 2013 Mid-Market Trinity Plaza - Phase II Trinity Properties
440 Rental 2013 Mid-Market TOTAL 1,832 FUTURE APPROVED
PROJECTS 401 Grove Street Pocket Development 61 Rental TBD Hayes
Valley 1450 Franklin Street Pacific Heights Franklin Partners 69 Condo TBD
Lower Pacific Heights 277 Golden Gate Avenue PANCO Development 88
Rental TBD Mid-Market 1390 Market Street - Fox Plaza Presidio Development
Partners 230 Condo TBD Mid-Market 55 9th Street Avalon Bay 260 Rental
TBD Mid-Market Trinity Plaza Phase III Trinity Properties 1,020 Rental TBD
Mid-Market Block 3 West - Mission Bay Urban Housing Group 147 Rental
TBD Mission Bay Block 11 - Mission Bay BRE Properties 171 Condo TBD
Mission Bay Block 5 - Mission Bay BRE Properties 198 Condo TBD Mission
Bay Block 12 East - Mission Bay Bosa Development 273 Condo TBD Mission
Bay Page 28
29. 1125 Market Street | San Francisco, CAFUTURE APPROVED PROJECTS
(CONTINUED)Block 2 - Mission Bay United Dominion Realty 315 Rental
TBD Mission Bay1960-1998 Market Street Brian Spiers 115 Condo TBD
Mission Dolores1800 Van Ness Avenue Oyster Development 62 Condo TBD
http://www.slideshare.net/carminabacani/1125-market-st-san-francisco 12/20/2012
8. 1125 Market St, San Francisco Page 8 of 9
Nob HillOne Rincon Hill - Phase II Urban West Associates 312 Condo TBD
Rincon Hill340-360 Fremont Street Archstone 384 Condo TBD Rincon Hill375
-399 Fremont Street Fifield Companies 432 TBD TBD Rincon HillThe Infinity
- Phase II Tishman Speyer 806 Condo TBD Rincon Hill45 Lansing Street
Crescent Heights 330 Condo TBD Rincon Hill325 Fremont Street 325 Fremont
St, LLC 70 Condo TBD Rincon Hill430 Main Street Portland-Pacific, LLC 113
Rental TBD Rincon Hill900 Folsom Street Avant Housing 300 Condo TBD
SOMA240-260 5th Street Avant Housing 150 Condo TBD SOMA178
Townsend Street Martin Building Company 94 Rental 2012 South Beach1285
Sutter Street Gerding Edlen 107 Rental TBD Van Ness/Civic CenterTOTAL
6,107 Page B
30. 1125 Market Street | San Francisco, CALAND SALES SALE PRICE
PROPOSED SITE SALE DATE SELLER BUYER $/UNIT (APPROX.)
UNITS 1 Block 11 Mission Bay Apr-11 Farallon Capital Management BRE
Properties $19.2 M 171 $112,281 2 Block 12E Mission Bay Apr-11 Farallon
Capital Management BOSA $30 M 273 $109,890 3 Block 5 Mission Bay Apr-
11 BOSA BRE Properties $22.2 M 198 $112,121 4 1285 Sutter St. Nov-10
Rockpoint Capital Gerding Edlen $9.15 M 106 $86,321 5 Block 2 Mission Bay
Sep-10 Farallon Capital Management United Dominion Realty $23.6 M 315
$74,921 6 Block 3W Mission Bay Nov-10 Farallon Capital Management Urban
Housing Group $11.8 M 147 $80,000 7 400 Grove St., Parcel H Nov-10 City of
San Francisco DM Development $3.012 M 31 $97,177 8 450 Hayes St., Parcel
J Nov-10 City of San Francisco DM Development $5.025 M 50 $100,500 9 401
Grove St. Sep-10 Cathay Bank Pocket Development $4.4 M 61 $72,131 10 325
Fremont St. Dec-11 - Crescent Heights $4.75 M 70 $67,857 11 399 Fremont St.
Jan-12 - - $33.75 M 450 $75,000 12 101 Hayes (unentitled) Dec-11 Rescalvo
Trust Emerald Fund/NREA $3.8 M Est. 65 $58,846 13 1415 Mission St. In
contract R&K Investments Not disclosed $8.5 M 117 $73,000 TOTAL
AVERAGE $86,157 Page 30
31. 1125 MarketStreetSan Francisco, CAPRESENTED David Wientjes Clayton
JewBY 415.229.8969 415.229.8920 davidw@kiddermathews.com
cjew@kiddermathews.com LIC #00869637 LIC #00834308
Search
• Connect on LinkedIn
• Follow us on Twitter
• Find us on Facebook
• Find us on Google+
• Learn About Us
• About
• Careers
• Our Blog
• Press
• Contact us
• Help & Support
• Using SlideShare
• SlideShare 101
• Terms of Use
• Privacy Policy
• Copyright & DMCA
• Community Guidelines
• SlideShare on mobile
• Pro & more
• Go PRO New
• Business Solutions
• Advertise on SlideShare
• Developers & API
• Developers Section
• Developers Group
• Engineering Blog
http://www.slideshare.net/carminabacani/1125-market-st-san-francisco 12/20/2012