Post on 29-May-2020
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309311B A Y
N O R T H W A T E R F R O N TS A N F R A N C I S C O , C A
B A Y + P O W E L L : F U L LY E N T I T L E D N O R T H W A T E R F R O N T D E V E L O P M E N T O P P O R T U N I T Y
309311B A Y
EXCLUSIVELY OFFERED
BY BECKETT CAPITAL INC
INVESTMENT CONTACTS:
DAVID NORAVIANLic 01419471
david@beckettcapital.com
+1 415 627 8364
BECKETT CAPITAL INC156 2nd Street | 6th Floor
San Francisco, CA 94105
C R E D I T S Building Rendering by // Ian Birchill & Associates // ibadesign.com// * Aerial Photography by // Todd Quam Digital Sky Aerial Imaging // Digitalsky.us
C O N F I D E N T I A L I T Y AG R E E M E N TThis is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the
acquisition of the Property.
This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the
Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may
require to evaluate a purchase of real property.
All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general
economy, market conditions, competition and other factors beyond the control of the Owner and Beckett Capital Inc. Therefore, all projections,
assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and
other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and
qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These
summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to
review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.
Neither the Owner or Beckett Capital Inc, nor any of their respective directors, officers, affiliates or representatives make any representation or
warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation
shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the
Property in evaluating a possible purchase of the real property.
The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to
terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall
have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written
agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s
obligations therein have been satisfied or waived.
By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the
strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization
of the Owner or Beckett Capital Inc. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the
interest of the Owner or Beckett Capital Inc.
If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to Beckett Capital Inc.
D I S C L A I M E R© 2018 Beckett Capital Inc. The information contained in this document has been obtained from sources believed reliable. While Beckett Capital
Inc does not doubt its accuracy, Beckett Capital Inc has not verified it and makes no guarantee, warranty or representation about it. It is your
responsibility to independently confirm its accuracy and completeness.
Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the
property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors.
You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the
property for your needs.
309311B A Y
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T A B L E O F C O N T E N T S
S E C T I O N I .
E X E C U T I V E
S U M M A RY
S E C T I O N I I .
P R O P E R T Y
OV E R V I E W
S E C T I O N I I I .
M A R K E T
OV E R V I E W
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309311B A Y
S E C T I O N I .
E X E C U T I V E S U M M A R Y
E X E C U T I V E S U M M A R Y
Beckett Capital Inc as exclusive advisor is pleased to offer
for sale the 100% fee simple interest of 309-311 Bay Street
(the “Property”), an outstanding development opportunity
located in San Francisco’s North Waterfront submarket.
Located on the corner of Bay and Powell Streets, the
Property comprises a 6,875 sf parcel and is fully entitled
for 17 condominium units and one ground floor retail unit.
The Property provides a rare opportunity for developers to
acquire a prime site that is fully entitled for new residential
product (for sale or for rent). The Property could also be
an ideal new boutique hotel development opportunity
allowing for approximately 80 hotel rooms.
The Property is currently entitled for a four story new
condominium development with Type V construction over
Type I podium. The design allows for significant cost savings
with no subterranean levels and six parking spaces at grade.
The Property is located in the amenity-rich North
Waterfront submarket and is directly across the street from
the NorthPoint Shopping Center which features Safeway,
Walgreens and a 24 Hour Fitness as well as restaurant
and banking options. It is also one block from Trader
Joes and Cost Plus World Market. Major employers in the
North Waterfront area include Williams Sonoma, hulu,
Giant Creative Magazine and San Francisco Magazine. The
Property is a short walking distance from the world famous
attractions and restaurants at Fisherman’s Wharf as well as
North Beach, Coit Tower and the scenic Embarcadero.
The Property offers investors and developers a rare opportunity
to develop a fully-entitled Type V development site in one of
the most supply-constrained markets in the United States.
T H E O P P O R T U N I T YBay & Powell offers developers a rare opportunity to acquire a fully-entitled
17 unit, Type V over podium residential development opportunity in one of
the most dynamic and supply-constrained markets in the United States.6
309-
311 BAY
O F F E R I N G S U M M A R Y
A D D R E S S
309-311 Bay Street2293-2299 Powell StreetSan Francisco, CA 94133
PA R C E L A R E A
6,875 SF
A P N
0041/154
E N T I T L E M E N T S TAT U S
Fully-Entitled
P R I C E
Best Offer
Z O N I N G
C-2* (Community Business)* Allows for Residential, Hotel, Senior
Housing, Group Housing, Formula Retail
U N I T C O U N T
17 Total (12 1-BD & 5 2-BD)
H E I G H T L I M I T
40 Feet
C U R R E N T T E N A N C Y
N/A
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M A J O R S A N F R A N C I S C O L A N D M A R K S A N D A T T R A C T I O N S
FINANCIALDISTRICT
MARIN HEADLANDS
MARINAGREEN
THE MARINA
RUSSIANHILL
AQUATICPARK
FISHERMAN’S WHARF
WASHINGTONSQUARE PARK
NORTH BEACH
JACKSON SQUARE
COIT TOWERTELEGRAPH HILL
CABLE CARTURNAROUND
PIER 39
ALCATRAZ
CRUISE TERMINAL
EXPLORATORIUM
THE
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309311B A Y
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I N V E S T M E N T H I G H L I G H T S
R A R E T Y P E V D E V E L O P M E N T O P P O R T U N I T Y
The Property is fully entitled for a four story residential development
featuring 17 units (12 1-BD & 5 2-BD) as well as one commercial
unit. The current design is Type V wood frame construction over
Type I podium which allows for significant cost savings. There is
no below grade level, and the six parking spaces are at grade.
L OW B M R C O M P O N E N T AT 1 2 %
The Property is fully entitled and is grandfathered
with a 12% onsite BMR component.
P O T E N T I A L H O T E L D E V E L O P M E N T
The Property could be a new boutique hotel
development for approximately 80 rooms in one
of the most popular tourist areas of San Francisco.
C-2 zoning (Community Business) allows for new
hotel product with a conditional use permit.
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L O C A T I O N O V E R V I E W
H I G H V I S I B I L I T Y L O C AT I O N
The Property is situated at the corner of Bay and Powell Streets
in San Francisco’s North Waterfront submarket. It is walking
distance to the restaurants and shops at Fisherman’s Wharf as
well as vibrant restaurants and bars in North Beach.
A M E N I T Y R I C H A R E A
The Property is directly across the street from the NorthPoint
Shopping Center featuring Safeway, CVS and 24 Hour Fitness. It
is also one block from Trader Joe’s and Cost Plus World Market.
P R OX I M I T Y TO M A J O R S A N F R A N C I S C O AT T R AC T I O N S
The Property is centrally located and has close proximity to
some of San Francisco’s most notable attractions including the
Fisherman’s Wharf/Pier 39 area, North Beach, Coit Tower, the
Embarcadero and scenic Jackson Square.
E XC E L L E N T AC C E S S T O P U B L I C T R A N S I T
The Property benefits from excellent access to MUNI (Transit
lines – Muni “F” line; Powell-Mason cable car; Muni 8BX, 8, 30,
39, 47, 91; Golden Gate Transit 4, 18, 24, 27, 38, 44, 54, 58, 72, 74,
76) as well as the Golden Gate Bridge to the north.
P R OX I M I T Y T O M A J O R E M P L OY E R S
The Property is located walking distance to the following major
companies: Williams Sonoma, hulu, Giant Creative Strategy
and San Francisco Magazine.
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San FranciscoBay
AquaticParkVan N
ess Ave
FRANCISCO ST
COLUMBUS AVE
POWELL-MASON CABLE CAR
CHESTNUT ST
BAY ST
NORTH POINT ST
BEACH ST
JEFFERSON ST
LOMBARD ST
KEA
RN
Y ST
FRANCISCO ST
STO
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POW
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BAY ST
NORTH POINT ST
BEACH ST
MO
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HOUSTON STWATER ST
VANDEWATER ST
VEN
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D A
LY
NEW
ELL
ST
WO
RD
EN S
T
PioneerPark
RussianHill Park
Golden GateNat’l Rec. Area
FortMason
TheCannery
North BeachPlayground
Pier39
Pier45
Pier 47
Pier41
Pier43 1/2
Pier35
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310 12
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ATTRACTIONS DINING HOTELS TRANSPORTATION
1 San Francisco Maritime Museum 8 Musee Mecanique 15 Sea Lion Center 1 The Buenavista Café 8 Boudin Bakery & Bistro at Baker’s Hall 1 Fairmont Heritage Place 8 Pier 2620 Hotel 1 Powell-Hyde Cable Car Turnable
2 Ghiradelli Square 9 USS Pompanito & SS Jeremiah O’Brien 16 Pier 39 2 Gary Danko 9 Fog Harbor Fish House 2 The Argonaut Hotel 9 Hyatt 2 E-Embarcadero / F-Market & Wharves
3 Aquatic Park 10 Ripley’s Believe It or Not Museum 17 Aquarium of the Bay 3 Eight AM 10 Boudin Bakery & Bistro at Baker’s at Baker’s Hall 3 Courtyard by Marriot 10 The Wharf Inn 3 Powell-Mason Cable Car Turnaround
4 Hyde Street Pier 11 Madame Tussauds 18 Cost Plus Plaza 4 Scoma’s Restaurant 11 Albona Restaurant 4 Holiday Inn 11 Hotel Zephyr
5 Anchorage Suqare Mall 12 San Francisco Dungeon 5 In-N-Out Burger 5 Marriot 12 Sheraton VISITOR CENTERS
6 Fisherman’s & Seamen’s Mem’l Chapel 13 Pier 43 6 Surisan 6 Travelodge 1 SF Maritime National Historical Park
7 Historic Fishing Fleet 14 NorthPoint Centre Shopping 7 Seafood Stands 7 Holiday Inn Express 2 California Welcome Center
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P R O J E C TO V E R V I E W
S E C T I O N I I .
309311B A Y
P R OJ E C T O V E R V I E W
C o n s t r u c t i o n Ty p e Ty p e V ( Wo o d Fr a m e )
O v e r Ty p e I P o d i u m
S t o r i e s Fo u r
R e s i d e n t i a l U n i t C o u n t 1 7
Av e r a g e U n i t S i z e 6 9 4 S F
O n s i t e A f f o r d a b l e R e q u i r e d 2 U n i t s ( 1 2 % )
To t a l S a l e a b l e S F 1 1 , 7 9 0
R e t a i l S a l e a b l e S F 1 , 6 8 2 S F
P a r k i n g 6 S p a c e s A t G r a d e
B i c y c l e P a r k i n g 2 5 S p a c e s
To t a l B u i l d i n g A r e a 2 3 , 7 7 3 G S F
U N I T M I X
T Y P E 1 - B D 2 - B D T O TA L
# U n i t s 1 2 5 1 7
% o f To t a l 7 1 % 2 9 % 1 0 0 %
A v e r a g e U n i t S i z e 6 2 0 S F 8 7 0 S F 6 9 4 S F
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B AY S T R E E T
VA N D E WAT E R S T R E E T
PO
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A P N 0 0 4 1 / 1 5 4
S Q UA R EF E E T 6 , 8 7 5 S F
A C R E S 0 . 1 6
F R O N TA G E :B AY 1 1 4 ’ -7 ”
F R O N TA G E :P O W E L L 6 0 ’
Z O N I N G C-2 / COMMUNITY BUSINESS
H E I G H TL I M I T 4 0 ’
S I T E O V E R V I E WThe Property consists of a single parcel with
frontage on Bay and Powell Streets. It is currently
improved with a one and two story building, both
of which are vacant.
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Z O N I N G O V E R V I E W
Z o n i n g D i s t r i c t C - 2 ( C o m m u n i t y B u s i n e s s )
H e i g h t D i s t r i c t 4 0 - X
D w e l l i n g U n i t D e n s i t y L i m i t a t i o n 1 D U / 4 0 0 S F o f l o t a r e a
FA R L i m i t a t i o n 3.6 to 1 for C-2 District - Commercial Uses No FAR limitation for residential uses
P a r k i n g R e q u i r e m e n t ( R e s i d e n t i a l ) 1 s p a c e / D U
P a r k i n g P r o v i d e d ( R e s i d e n t i a l ) 6 s p a c e s
P a r k i n g P r o v i d e d ( R e t a i l ) 0 a u t o s p a c e s
B i c y c l e P a r k i n g P r o v i s i o n R e q u i r e d
B i c y c l e P a r k i n g ( N e w C o m m e r c i a l ) 2 r e q u i r e d
B i c y c l e P a r k i n g ( R e s i d e n t i a l ) 1 C l a s s 1 b i ke s p a c e / D U
C a r S h a r e P a r k i n g N o n e r e q u i r e d
B i c y c l e P a r k i n g P r o v i s i o n P r o v i d e d 2 5 b i ke s p a c e s
R e a r Ya r d R e q u i r e m e n t ( B a s e ) 2 5 % s e t b a c k , 1 5 ' m i n
R e a r Ya r d P r o v i d e d P r o v i d e a t l e v e l o f r e s i d e n t i a l u n i t
6 0 ' l o t d e p t h x 0 . 2 5 = 1 5 ' r e a r s e t b a c k
R e a r Ya r d R e q u i r e m e n t ( R e d u c t i o n s ,
C o r n e r L o t , S p e c i a l S i t u a t i o n s )
N o t a p p l i c a b l e i n C - 2 D i s t r i c t
R e a r Ya r d P r o v i d e d 2 5 % o f l o t a r e a
(Open area = 25% of lot area)(depth of rear building wall of adjacent building)
R e s i d e n t i a l O p e n S p a c e R e q u i r e m e n t Fo r C - 2 , s a m e a s r e s i d e n t i a l d i s t r i c t
R e s i d e n t i a l O p e n S p a c e P r o v i d e d R M -3 = 6 0 s f/ D U ( N e a r e s t P r i v a t e ) x 1 . 3 3 ( C o m m o n )
1 7 X 6 0 X 1 . 3 3 = 1 , 3 5 6 . 6 S F
P r i v a t e O p e n S p a c e S t a n d a r d s M i n 1 0 0 S F/ D U i f a t c o u r t o r g r a d e l e v e l
C o m m o n O p e n S p a c e S t a n d a r d s M i n 3 0 0 S F & i n 1 5 ' i n e v e r y h o r i z o n t a l d i m e n s i o n
C o m m o n O p e n S p a c e S t a n d a r d s
( I n n e r C o u r t )
M i n 4 0 0 S F a n d m i n 2 0 ' i n e v e r y h o r i z o n t a l d i m e n s i o n & b u i l d i n g w a l l h e i g h t
l i m i t e d t o " a s w i d e a s h i g h " 1 : 1 r a t i o t o o p e n s p a c e w i d t h w h e n 3 - s i d e s e n -
c l o s e d f o r 7 5 % o f p e r i m e t e r
S o u r c e : I a n B i r c h a l l & A s s o c i a t e s
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F L O O R P L A N S
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F I R S T F L O O R
S E C O N D F L O O R
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T H I R D F L O O R
F O U R T H F L O O R
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E L E V A T I O N S
E A S T E L E VAT I O N
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S O U T H E L E VAT I O N
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M A R K E TO V E R V I E W
S E C T I O N I I I .
R E S I D E N T I A L M A R K E T O V E R V I E W
The San Francisco market is an extremely desirable and supply-
constrained market, and as a result it boasts the highest
residential rents in the nation. Market vacancy is currently in the
high 3% range for apartments.
The tech sector has continued to fuel job growth, and the
current unemployment rate for the City of San Francisco is at
2.6%, down from 3.1% one year earlier. These strong market
fundamentals have all helped San Francisco earn its current title
as the world’s most expensive city with respect to housing costs.
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A PA R T M E N T
» Highest rent worldwide at $3,500 for a one bedroom (ahead of NYC, Hong Kong, London and Singapore)
» San Francisco continues to have a high percentage of renters at approximately 56%
» Perennially constrained supply with very limited new delivery
» Occupancy marketwide above 96%
Sources: CoStar; The Mark Company; Vanguard Properties; RentCafe; www.numbeo.com; Bureau of Labor Statistics
S I G N I F I C A N T R E S I D E N T I A L M A R K E T T R E N D S
AVERAGE RENTAL PRICES IN MAJOR CITIES WORLDWIDE
COST PER MONTH* C I T I E S * *
$3,500 San Francisco
$3,400 Hamilton, Bermuda
$3,050 Manhattan
$2,500 San Jose
$2,450 Oakland, Hong Kong
$2,400 Berkeley, Boston
$2,350 London, Brooklyn
$2,250 Washington, DC
$2,200 Santa Barbara, Singapore, Geneva
$2,100 Los Angeles, Sydney
$2,050 Doha, Qatar; Dubai, UAE; Bellevue, WA
$2,000 Irvine; Zurich; Jersey City, NJ; Queens, NY
$1,950 Seattle; Abu Dhabi, Miami; Rockville, MD
$1,900 San Diego; Honolulu; Arlington, VA; Luxembourg, Lux.; Dublin, Ireland
Notes: * Average cost of a one bedroom in the City Center of major cities worldwide. ** Cities in red font are California cities. Source: www.numbeo.com
C O N D O
» Median new condominium pricing is $1,370 psf, a 6% year-over- year increase
» New condo supply remains limited with only 546 units available, a 38% year-over-year decrease
» Condo resales are strong with very limited supply (approximately 1.5 months of inventory)
» Historically low interest rates
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S A N F R A N C I S C O S U B M A R K E T S
THE
EMBA
RCADER
O
COLUM
BUS
NORTHWATERFRONT
PIER 39
FISHERMAN’SWHARF
RUSSIANHILL
NORTHBEACH
JACKSONSQUARE
FINANCIALDISTRICT
SOMA
309311B A Y
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RUSSIANHILL
C O N D O M I N I U M C O M P A R A B L E S
P R O P E R T Y I N F O R M AT I O N
Address 815 Tennessee
Number Of Units 69
Year Delivered 2017
Developer DM Development
PROPERTY INFORMATION
Address 288 Pacific
Number Of Units 33
Year Delivered 2018
Developer Grosvenor
8 1 5 T E N N E S S E E 2 8 8 PAC I F I C
P R O P E R T Y OV E R V I E W
The building features one-, two-
and three-bedroom residences.
All units contain high-end finishes
throughout. Amenities include a
roof terrace with BBQ, a lobby
attendant, a bicycle parking
and repair station as well as
automated package lockers.
P R O P E R T Y OV E R V I E W
Grosvenor presents thirty-three tailored
condominium residences with striking,
timeless, contextual exterior and interiors
by Handel Architects echo the past while
delivering contemporary, light-filled
homes, with ceilings that soar up to eleven
feet, bronze framed window walls, and a
bespoke level of finishes.
S A L E S S TAT U S
Date On Market September 2017
Closings Commenced April 2018
Avg. Absorption 6 units/month
Avg. $ PSF $1,488
Avg. HOA Fees Approx. $650/month
CLOSINGS Approx. 96% sold
S A L E S S TAT U S
Date On Market February 2018
Avg. $ PSF $1,816
Avg. HOA Fees $640-$1,140
Closings Commenced May-18
M O S T R E C E N T C LO S E D S A L E S
UNIT MIX SF CLOSING PRICE $/SF CLOSED DATE
2/2 1,050 $1,550,000 $1,476 Q2-2018
3/2 1,200 $2,300,000 $1,917 Q2-2018
2/2 1,050 $1,850,000 $1,762 Q2-2018
2/2 1,050 $1,600,000 $1,524 Q2-2018
2/2 1,105 $1,415,000 $1,281 Q2-2018
2/2 1,105 $1,600,000 $1,448 Q2-2018
2/2 1,104 $1,449,000 $1,313 Q2-2018
2/2 1,104 $1,398,000 $1,266 Q2-2018
2/2 885 $1,219,000 $1,377 Q2-2018
2/2 869 $1,275,000 $1,467 Q2-2018
Averages 1,052 $1,565,600 $1,488
M O S T R E C E N T C LO S E D S A L E S
UNIT MIX SF CLOSING PRICE $/SF CLOSED DATE
2/2.5 1,207 $1,995,000 $1,653 TBD
2/2.5 1,207 $2,300,000 $1,906 TBD
2/2 1,218 $2,300,000 $1,888 TBD
Averages 1,211 $2,198,333 $1,816
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C O N D O M I N I U M C O M P A R A B L E S ( C O N T )
P R O P E R T Y I N F O R M AT I O N
Address 2121 Webster Street
Number Of Units 76
Year Delivered 2016
Developer Trumark Urban
P R O P E R T Y I N F O R M AT I O N
Address 1238 Sutter Street
Number Of Units 37
Year Delivered 2018
Developer Celtic Development
T H E PAC I F I C S U T T E R N O R T H
P R O P E R T Y OV E R V I E W
Designed by Handel Architects, The Pacific is
located at Webster and Sacramento Streets in
Pacific Heights. The site offers walkable access to
fine dining, shopping and everyday services on
Fillmore Street. While the majority of units are sold
as shells, available finishes include hardwood and
marble flooring, marble countertops and Gaggeneau
appliances. The upscale building features a
concierge, fitness center with yoga room, rooftop
lounge and guest suite. There are 95 parking spaces.
P R O P E R T Y OV E R V I E W
Sutter North, a newly constructed 37-
unit condominium building comprised of
studio, one-, and two- bedroom homes
with designer finishes and floor-to-
ceiling windows. Situated directly off
Polk Street’s emerging vibrant corridor,
the neighborhood provides an electric
mix of restaurants, cafes, and boutiques.
Transportation is made easy with access
to nearby bus lines and the San Francisco
cable car line only a few blocks away.S A L E S S TAT U S
Date On Market April 2016
Closings Commenced
August 2016
Avg. $ PSF $2,160
Avg. HOA Fees $2,000- $2,200/month
Sold OutAll unit are in contract
or sold
S A L E S S TAT U S
Date On Market May 2018
Closings Commenced
TBD
Avg. $ PSF $1,458
Avg. HOA Fees $530/month
Avg. Absorption 3 units/monthM O S T R E C E N T C LO S E D S A L E S
UNIT MIX SF CLOSING PRICE $/SF CLOSED DATE
3/3 3,031 $8,501,000 $2,805 Q2-2018
4/4 3,851 $9,899,000 $2,571 Q4-2017
3/3 2,395 $4,700,000 $1,962 Q4-2017
2/2 1,956 $3,550,000 $1,815 Q4-2017
3/3 2,207 $4,595,000 $2,082 Q4-2017
3/2.5 2,122 $4,675,000 $2,203 Q4-2017
3/2.5 2,145 $4,695,000 $2,189 Q4-2017
3/2.5 2,139 $4,878,500 $2,281 Q3-2017
1/1.5 982 $1,450,000 $1,477 Q3-2017
2/2 1,360 $2,995,000 $2,202 Q3-2017
Averages 2,219 $4,993,850 $2,251
M O S T R E C E N T C LO S E D S A L E S
UNIT MIX SF* CLOSING PRICE $/SF CLOSED DATE
0/1 399-448 $599,000 $1,414 Q3-2018
1/1 419-514 $645,000 $1,383 Q3-2018
1/1 419-514 $673,000 $1,443 Q3-2018
1/1 419-514 $713,000 $1,528 Q3-2018
1/1 419-514 $745,000 $1,597 Q3-2018
2/1 676-797 $1,036,000 $1,407 Q3-2018
Averages $735,167 $1,458
Source: The Mark Company; San Francisco MLS* Individual unit sizes are estimates as are $/SF numbers.
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A P A R T M E N T C O M P A R A B L E S
P R O P E R T Y I N F O R M AT I O N
Address 185 Channel St.
Property Type Class A Apartments
Style Mid-Rise
Number Of Units 315
Avg. Unit Size 788 SF
Year Built 2014
STORIES 6
Developer UDR
O N E H E N RY A DA M S C H A N N E L M I S S I O N B AY
P R O P E R T Y OV E R V I E W
Located in Showplace Square,
One Henry Adams features a
rooftop terrace with City views, a
24 hour fitness center, a clubhouse
and ground floor dining with The
Grove restaurant.
P R O P E R T Y OV E R V I E W
Located in Mission Bay Channel
Mission Bay features a freshwater
pool, an outdoor terrace and
grilling area, a three-level fitness
center as well as on-site retail.
A PA R T M E N T R E N TA L P R I C I N G
UNIT MIX AVG SF UNITS ASKING RENT RENT/SF
All Studios 513 35 $3,614 $7.04
All 1 Beds 692 193 $4,283 $6.19
All 2 Beds 1,114 87 $5,811 $5.22
Totals 788 315 $4,631 $5.87
P R O P E R T Y I N F O R M AT I O N
Address One Henry Adams
Property Type Class A Apartments
Style Mid-Rise
Number Of Units 241
Avg. Unit Size 756 SF
Year Built 2017
Stories 6
Developer Equity Residential
R E N TA L I N F O
Asking Rent/Unit $4,151
Asking Rent/SF $5.49
R E N TA L I N F O
Asking Rent/Unit $4,631
Asking Rent/SF $5.87
A PA R T M E N T R E N TA L P R I C I N G
UNIT MIX AVG SF UNITS ASKING RENT RENT/SF
All Studios 579 65 $3,509 $6.06
All 1 Beds 691 110 $3,941 $5.71
All 2 Beds 1,034 64 $5,079 $4.91
All 3 Beds 1,180 2 $6,891 $5.84
Totals 756 241 $4,151 $5.49
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A P A R T M E N T C O M P A R A B L E S ( C O N T )
P R O P E R T Y I N F O R M AT I O N
ADDRESS 923 Folsom
PROPERTY TYPE Class A Apartments
STYLE Mid-Rise
NUMBER OF UNITS 115
AVG. UNIT SIZE 777 SF
YEAR BUILT 2017
STORIES 8
DEVELOPER Trumark
1 4 6 3 L O M B A R D 9 2 3 F O L S O M
P R O P E R T Y OV E R V I E W
Located in the heart of Cow
Hollow, 1463 Lombard offers 14
units and 9 parking spaces.
P R O P E R T Y OV E R V I E W
923 Folsom SoMa features custom
cabinetry, floor-to-ceiling windows,
wood-style plank flooring, resident
lounges and a coffee bar, and a
state of the art fitness center.
A PA R T M E N T R E N TA L P R I C I N G
UNIT MIX AVG SF UNITS ASKING RENT RENT/SF
All Studios 515 8 $3,734 $7.25
All 1 Beds 684 61 $4,010 $5.86
All 2 Beds 945 46 $5,328 $5.64
Totals 777 115 $4,518 $5.82
A PA R T M E N T R E N TA L P R I C I N G
UNIT MIX SF ASKING RENT RENT/SF
1 BD / 1BA 570 $5,000 $8.77
1BD / 1BA 545 $4,900 $8.99
2BD / 2BA 900 $6,500 $7.22
WTD Avg $5,643 $8.14
P R O P E R T Y I N F O R M AT I O N
Address 1463 Lombard
Property Type Class A Apartments
Style Mid-Rise
Number Of Units 14
Avg. Unit Size 623 SF
Year Built 2018
Stories 4
Developer Toboni Group
R E N TA L I N F O
Asking Rent/Unit $5,643
Asking Rent/SF $8.14
R E N TA L I N F O
Asking Rent/Unit $4,518
Asking Rent/SF $5.82
Source: CoStar, Apartments.com
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309311B A Y
EXCLUSIVELY OFFERED
BY BECKETT CAPITAL INC
INVESTMENT CONTACTS:
DAVID NORAVIANLic 01419471
david@beckettcapital.com
+1 415 627 8364
BECKETT CAPITAL INC156 2nd Street | 6th Floor
San Francisco, CA 94105
309311B A Y