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1965-1967 Market St

15,300 SF 45% Leased Office Building San Francisco, CA 94103 For Sale

Investment Highlights

  • Unique investment or owner user opportunity.
  • On-site parking.
  • Access to I-80 and Highway 101.
  • Fully entitled for 96 units.
  • Close proximity to nearby amenities in Hayes Valley, Duboce Triangle, and Mission Dolores.

Executive Summary

Ground Matrix, Inc. as exclusive advisor, is pleased to present 1965 Market for lease AND for sale. The building was designed in 1924 by San Francisco based architect Walter Charles Falch. 1965 Market has
been a marquee, historical fixture on the market street corridor since the early 20th century. For lease, we are looking for specific users that add to the intrinsic identity of the building and enhance the neighborhood. We welcome all uses and will happily discuss options with anyone showing interest.
1965 Market is a unique opportunity for an owner/user, or value add investor to acquire a property in the center of San Francisco, with the rare addition of an on-site parking lot. Located on San Francisco's central business thoroughfare, Market Street, this building benefits a close proximity to nearby amenities in Hayes Valley, Duboce Triangle, and Mission Dolores. Access to I-80 and 101 are within two blocks of the 1965 Market, providing convenience for commuters and locals alike. The retail space on the ground floor offers owners an opportunity for supplemental income. This project is fully-entitled for 96 units.

Financial Summary (Actual - 2020)

Annual Annual Per SF
Gross Rental Income £621,999 £40.65
Other Income - -
Vacancy Loss - -
Effective Gross Income £621,999 £40.65
Net Operating Income - -

Financial Summary (Actual - 2020)

Gross Rental Income
Annual £621,999
Annual Per SF £40.65
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £621,999
Annual Per SF £40.65
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
15,300 SF
Building Class
C
Year Built
1980
Percent Leased
45%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
5,100 SF
Building FAR
0.76
Lot Size
0.46 AC
Zoning
NCT-3 - Moderate Scale Neighborhood Commercial Transit District
Parking
24 Spaces (1.57 Spaces per 1,000 SF Leased)

Amenities

  • Bus Route

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Centerstone Realty, Inc
  • Real Estate
  • 1,400 SF
  • -
  • -
  • Transportation and Warehousing
  • 2,600 SF
  • -
  • -

The FedEx strategy to compete collectively, operate collaboratively and innovate digitally provides a competitive advantage for their company. FedEx's broad portfolio of services allows them to meet the needs of their customers, most of whom use services from several of their operating companies. FedEx has grown tremendously since its first night of operations. FedEx Express, FedEx Ground, FedEx Freight and FedEx Services show segment revenue. Other and eliminations includes revenue from FedEx Logistics, FedEx Office and FedEx Dataworks (including ShopRunner, Inc.). For decades, FedEx has been innovating to deliver more for their clients, strengthening supply chains with their global network. They are simplifying logistics, enhancing tracking and visibility, and using data from every journey to make the experience of their clients better.

  • Keller Grover LLP
  • Professional, Scientific, and Technical Services
  • 4,000 SF
  • -
  • -
  • Finance and Insurance
  • -
  • -
  • -

For over 100 years, Old Republic Title has helped Americans protect their property rights while providing peace of mind for one of the biggest investments homeowners will make. They work closely with title agents, real estate professionals, lenders and industry experts to secure safe and efficient real estate transactions. They provide comprehensive title and escrow products and services for individuals, businesses and government.

  • On Time Integration Inc
  • Public Administration
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Centerstone Realty, Inc Real Estate 1,400 SF - -
Transportation and Warehousing 2,600 SF - -
Keller Grover LLP Professional, Scientific, and Technical Services 4,000 SF - -
Finance and Insurance - - -
On Time Integration Inc Public Administration - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 6,900 SF
  • Office/Retail
  • Full Build-Out
  • 30 Days

1965 Market offers an exciting opportunity to a wide array of users, from retailers to full-building users. For Retailers, this well-positioned property provides an attractive mix of foot traffic and vehicle traffic in a bustling corridor adjacent to some significant patrons' ecosystems such as Safeway, Wholefoods, and numerous bars and restaurants. Additionally, access to an efficient parking lot has become a relic of an idea in an ever-densifying City. For office and full building tenants, 1965 Market offers a blend of client-facing and back-office elements. The property's high exposure nature offers substantial branding opportunities while providing the everyday employee with a safe and commuter-friendly workplace.

  • 2nd Floor
  • 4,200 SF
  • Office
  • Full Build-Out
  • Now
  • 3rd Floor
  • 4,200 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Floor 6,900 SF Office/Retail Full Build-Out 30 Days
2nd Floor 4,200 SF Office Full Build-Out Now
3rd Floor 4,200 SF Office Full Build-Out Now

1st Floor

Size
6,900 SF
Space Use
Office/Retail
Condition
Full Build-Out
Available
30 Days

2nd Floor

Size
4,200 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Floor

Size
4,200 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Floor

Size 6,900 SF
Space Use Office/Retail
Condition Full Build-Out
Available 30 Days

1965 Market offers an exciting opportunity to a wide array of users, from retailers to full-building users. For Retailers, this well-positioned property provides an attractive mix of foot traffic and vehicle traffic in a bustling corridor adjacent to some significant patrons' ecosystems such as Safeway, Wholefoods, and numerous bars and restaurants. Additionally, access to an efficient parking lot has become a relic of an idea in an ever-densifying City. For office and full building tenants, 1965 Market offers a blend of client-facing and back-office elements. The property's high exposure nature offers substantial branding opportunities while providing the everyday employee with a safe and commuter-friendly workplace.

Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3534-058
Land Assessment
£1,505,158 (2023)
Improvements Assessment
£1,505,158 (2023)
Total Assessment
£3,010,315 (2023)
  • Listing ID: 22099100

  • Date on Market: 28/01/2021

  • Last Updated:

  • Address: 1965-1967 Market St, San Francisco, CA 94103

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