TOUCHSTONE COMMERCIAL PARTNERS, INC. 1 906-908 Street RESIDENTIAL DEVELOPMENT OWNER/USER INVESTMENT OPPORTUNITY 2 www.tcpre.com TOUCHSTONE COMMERCIAL PARTNERS, INC. 3

CONTENTS

4 Executive Summary

6 Project Overview

12 Project Highlights

14 Offering Terms

16 Maps and Elevations

21 Buyer Scenarios

24 Amenities

30 Demographics

32 Remodeled Churches

34 Contact Information 4 www.tcpre.com TOUCHSTONE COMMERCIAL PARTNERS, INC. 5 AS UNIQUE AS THE CITY ITSELF

EXECUTIVE SUMMARY

Touchstone Commercial Partners, Inc., as Exclusive Agent for the Seller, is pleased to offer investors and developers the opportunity to purchase the fee simple interest in 906-908 Broadway Street, , CA, 94133.

906-908 Broadway is comprised of approximately 19,692 gross square feet in two separate buildings standing on approximately 13,420 gross square feet of land. The property is situated on the east facing slope of Russian Hill with sweeping views of the San Francisco Bay and the downtown financial district skyline. Due to its central location, this development will benefit from its walkability to North Beach, Russian Hill, Chinatown and the Financial District.

906 Broadway, also known as Our Lady of Guadalupe Church, is a spectacular historical landmark constructed of reinforced concrete. Along with the adjacent structure and land at 908 Broadway, this combined site offers a tremendous adaptive re-use opportunity to sophisticated developers in one of the most sought after locations in the world.

ADDRESS 906-908 Broadway St., San Francisco, CA 94133

APN(S) #: 0149-009, 0149-010

BUILDING SIZE +/- 19,692 square feet

TOTAL LOT SIZE +/- 13,398 square feet

NO. OF STORIES 2-3

ZONING RM-2 Residential-Mixed, Moderate Density

HEIGHT LIMIT 40-X

YEAR BUILT 1907 6 www.tcpre.com TOUCHSTONE COMMERCIAL PARTNERS, INC. 7

PROPERTY OVERVIEW

906-908 Broadway offers potential buyers the chance The property is an extraordinary opportunity for an adaptive Dolores Basilica in the Mission District, Holy Cross in the Mission District and the Church suffered from declining to own a historic piece of San Francisco. Our Lady of reuse or renovation project of a historical gem, originally Western Addition, and the Star of the Sea and St. Monica attendance. In early 1990s, the Church was officially Guadalupe Church and the adjacent parcel present a unique designed by prominent architects, Shea & Lofquist in in the Richmond District. Other landmark properties closed along with eight other churches shuttered by the opportunity to redevelop a classic building in Russian Hill, 1912. The beauty and character of 906 Broadway is a they designed include the Bank of Italy building at 552 Archdiocese of San Francisco. The property was leased to one of San Francisco’s most exclusive neighborhoods. reflection of Shea & Lofquist’s portfolio of work around and the Hall of Justice in Sacramento. the St. Mary’s Chinese Day School for over 16 years after Known for its stunning city and bay views, close proximity Northern California during the early part of the 20th Century. the school’s previous facility was closed due to earthquake Built for local parishioners in the neighborhood, Our Lady to the nearby neighborhoods of North Beach, Nob Hill, Their work employed a wide range of styles including damage. of Guadalupe Church thrived for over 40 years. Up until Pacific Heights, the Marina, Fisherman’s Wharf and the Mediterranean, Gothic, Classical, and Romanesque. Under early 1950s, the area around the Church was populated The inherent beauty and location of the existing structure is Financial District, Russian Hill is one of the most beautiful the leadership of Archbishop Patrick Riordan, Shea & with homes and shop space for people of Mexican, Spanish, an incredible opportunity for a sophisticated developer or and centrally located areas in all of San Francisco. Scenic Lofquist were contracted to design several other churches and Portuguese descent. In the 1950s, after the nearby owner-user to revitalize the site as scores of other church parks, iconic cable cars, and popular restaurants and cafés including St. Vincent De Paul in Pacific Heights, St. Brigid Broadway Tunnel was constructed in the middle of this properties have been through Europe and other parts of surround the neighborhood to create an ideal place to call on Van Ness, St. Paul in Noe Valley, St. James and Mission neighborhood, many of these people migrated to the the world. your home or office (with a Walk Score of 99 out of 100). 8 www.tcpre.com 9

VIEW FROM THE ROOF 10 www.tcpre.com TOUCHSTONE COMMERCIAL PARTNERS, INC. 11

DESIGN BY Staffan Svenson (MESH, Dencity.us) & David Brown (MESH) (415) 577-3731 12 www.tcpre.com TOUCHSTONE COMMERCIAL PARTNERS, INC. 13

PROJECT HIGHLIGHTS

RARE DEVELOPMENT OPPORTUNITY IN RUSSIAN HILL The site at 906-908 Broadway is situated in one of the most exclusive residential areas of San Francisco, with its views of San Francisco Bay and the Financial District, just steps from the bustling activity of North Beach and Chinatown.

HISTORIC ARCHITECTURAL GEM Shea & Lofquist’s design is representative of a prolific era of architecture in San Francisco during the rapid expansion of growth in the city. Any future renovation or adaptive reuse of the property will adhere to the Historical Designation rules applied to the property.

WALKABILITY SCORE OF 99 OUT OF 100 The location at 906-908 Broadway is a veritable “Walker’s Paradise” per the Walk Score rating system. Russian Hill offers beautiful public parks such as Coolbrith Park, Sterling Park, Lombard Street, and Macondray Lane. Two blocks downhill is Columbus Avenue, world famous for nightlife, dining, and entertainment. A few blocks over the hill in the prestigious Russian Hill proper are various well-known eateries and boutique shops along .

CONVENIENT ACCESS TO PUBLIC TRANSPORTATION The location has an overall “Transit Rating” of 93 out of 100. The Powell-Mason Cable Car is located half a block away on Mason. In addition, the MUNI offers several bus lines nearby the property that can transport patrons around the city and connects to the BART train for public transportation to the neighboring counties of Alameda, Contra Costa and San Mateo.

UNENTITLED RESIDENTIAL OPPORTUNITY All prospective bidders are advised to evaluate the current zoning restrictions (Residential, Mixed, Moderate Density or RM-2) to determine the potential future use and possible development. 14 www.tcpre.com TOUCHSTONE COMMERCIAL PARTNERS, INC. 15

OFFERING TERMS

906-908 Broadway Street is being offered for sale without an asking price. All prospective buyers should assume the subject property will be delivered on an “As-Is, Where-Is”

basis and 100% vacant at the close of escrow.

MARKETING PROCESS / OFFERING OUTLINE Prospective buyers will have the opportunity to tour the subject property and begin initial due diligence for approximately 3-4 weeks from the property’s availability in the marketplace. All prospective buyers will be notified of the “Call for Offers Date.” All offers are to be delivered to Touchstone Commercial Partners, Inc. ([email protected], [email protected], or [email protected]). 16 www.tcpre.com TOUCHSTONE COMMERCIAL PARTNERS, INC. 17

PARCEL MAP EXTERIOR ELEVATION

CEILING PEAK ELEV. 200.38'

MEZZANINE ROOF DECK ELEV. 181.9'

MEZZANINE FLOOR ELEV. 178.61' 11'-0"

MAIN FLOOR ELEV. 156.36'

BASEMENT ELEV. 142.36'

EXISTING BUILDING SECTION 1 SCALE: 1/8" = 1'-0" 18 www.tcpre.com TOUCHSTONE COMMERCIAL PARTNERS, INC. 19

EXTERIOR ELEVATION

CEILING PEAK ELEV. 200.38'

MEZZANINE ROOF DECK ELEV. 181.9'

MEZZANINE FLOOR ELEV. 178.61' 22'-3" 36'-3" MAIN FLOOR ELEV. 156.36' 14'-0"

BASEMENT ELEV. 142.36'

EXISTING BUILDING SECTION 2 SCALE: 1/8" = 1'-0" 20 www.tcpre.com TOUCHSTONE COMMERCIAL PARTNERS, INC. 21

VARIOUS BUYER SCENARIOS

RESIDENTIAL DEVELOPER 1 The subject property is ideally situated for high-end/luxury residential condominium development. The sheer size of the site makes this a unique opportunity for developers. Once a project is completed, outstanding views and the historical façade will make this development stand out above all of its competition.

RELIGIOUS ORGANIZATIONS 2 Religious organizations who are seeking a new home for their community will instantly see the intrinsic characteristics the property has to offer. The property benefits from a beautiful façade, a large open space for services, outdoor space, and classroom facilities.

EDUCATIONAL/STUDENT HOUSING 3 Educational users who are in need of a long term home for their students will be able to make good use out of the property. The large amount of class room facilities in place, the outdoor/playground space, and the location of the property make this opportunity ideal. No design or feasibility study has been done, but a buyer may be able to convert the property into a well located student housing facility. 22 www.tcpre.com TOUCHSTONE COMMERCIAL PARTNERS, INC. 23

DESIGN BY Staffan Svenson (MESH, Dencity.us) & David Brown (MESH) (415) 577-3731 24 www.tcpre.com TOUCHSTONE COMMERCIAL PARTNERS, INC. 25

AMENITIES MAP 26 www.tcpre.com TOUCHSTONE COMMERCIAL PARTNERS, INC. 27 28 www.tcpre.com TOUCHSTONE COMMERCIAL PARTNERS, INC. 29

“One day if I go to heaven…I’ll look around and say ‘It ain’t bad, but it ain’t San Francisco’”. -Herb Caen 30 www.tcpre.com TOUCHSTONE COMMERCIAL PARTNERS, INC. 31

RUSSIAN HILL DEMOGRAPHICS

POPULATION The local population in Russian Hill is 12,320 with approximately 51% female. Total households are 9,620 with approximately 32% as family households and 52% are single-family households. 32% are aged 18-34, 37% are aged 35-59, and 24% are 60 years and older. About 25% are foreign born. About 70% speak English and 20% speak an Asian language. 39% have a college degree and approximately 26% have a graduate or professional degree.

HOUSING CHARACTERISTICS A total of 10,900 units in Russian Hill with only 60 units built in the last 10 years. Median age of building is 1939. 29% is owner occupied with 71% renter occupied. Vacancy is approximately 12%. Median year purchased is 1996 while median year moved started renting is 2003. Only 9% are single-family homes, with 28% 2-4 units, 20% 5-9 units, 17% 10-19 units, and 27% are 20+ unit buildings. Median home value is $1,245,450 (as of 2009). Approximately one-third of households do not own a car in Russian Hill.

INCOME & EMPLOYMENT Median household income (2009) is $84,537 with median family income at $113,223. There are 10,460 that are employed in Russian Hill, with roughly 8% unemployed. More than 60% of those employed hold managerial or professional occupations. About 11% hold service occupations and 24% are in sales occupations.

TRANSPORTATION TO WORK Of the 10,260 that work, about 36% drive to work alone or carpool (5%). 27% take public transportation, 1% bikes to work and 20% walk to work. Roughly 13% work from home. *Source: San Francisco Planning Department’s Socio-Economic Profiles By Neighborhood, 2011 32 www.tcpre.com REDEVELOPEDTOUCHSTONE COMMERCIAL CHURCHES PARTNERS, INC. 33

CORSO KARLIN PRAGUE, CZECH REPUBLIC

DAVID CLOSES CONVENT DE SANT FRANCESC

KNOX CHURCH RESIDENCE DAVID CLOSES VICTORIA, AUSTRALIA CONVENT DE SANT FRANCESC

KNOX CHURCH RESIDENCE VICTORIA, AUSTRALIA

DAVID CLOSES CONVENT DE SANT FRANCESC

SELEXYZ DOMINICAN BOOKSTORE

KNOX CHURCH RESIDENCE VICTORIA, AUSTRALIA 34 www.tcpre.com TOUCHSTONE COMMERCIAL PARTNERS, INC. 35

CONFIDENTIAL OFFERING MEMORANDUM

This Confidential Offering Memorandum (“Memorandum”) has been prepared and presented to the recipient (the “Recipient”) by Touchstone

Commercial Partners (TCP) as part of TCP’s efforts to market for sale the real property located at 906-908 Broadway Street, San Francisco, California CONTACT (the “Property”). TCP is the exclusive agent and broker for the owner(s) of the property (the “Owner”). TCP is providing this Memorandum and the material contained in it to the Recipient solely to assist the Recipient in determining whether the Recipient is interested in potentially purchasing all JOHN-CLAY MORRIS ZACH HAUPERT MICHAEL SANBERG or part of the Property. TCP also is providing this Memorandum and the material in it to the Recipient with the understanding that the Recipient will independently investigate those matters that it deems necessary and appropriate to evaluate the Property and that the Recipient will rely only on its direct (415) 539-1112 direct (415) 539-1121 direct (415) 539-1103 own investigation, and not on TCP’s, the Owner or this Memorandum, in determining whether to purchase all or part of the Property. The Recipient cell (415) 517-5400 cell (415) 812-1219 cell (415) 697-6088 previously executed and delivered to TCP. PLEASE NOTE EACH OF THE FOLLOWING: TCP, the Owner and their respective agents, employees, email [email protected] email [email protected] email [email protected] representatives, property managers, officers, directors, shareholders, members, managers, partners, joint ventures, corporate parents or controlling BRE # 01263079 BRE # 01822907 BRE # 01930041 entities, subsidiaries, affiliates, assigns and predecessors and successors-in-interest make no representations or warranties about the accuracy,

correctness or completeness of the information contained in this Memorandum. The Recipient is urged not to rely on the information contained in this

Memorandum and to make an independent investigation of all matters relating to the Property. This Memorandum includes statements and estimates TOUCHSTONE COMMERCIAL PARTNERS, INC. provided by or to TCP and/or the Owner regarding the Property. Those statements and estimates may or may not be accurate, correct or complete. 505 Sansome Street, Suite 1575 Nothing contained in this Memorandum should be construed as a representation or warranty about the accuracy, correctness or completeness of San Francisco, CA 94111 such statements and estimates. Further, nothing contained in this Memorandum should be construed as a representation or warranty about any aspect www.tcpre.com www.zm-tcpre.com of the Property, including, without limitation, the Property’s (1) past, current or future performance, income, uses or occupancy, (2) past, current or prospective tenants, (3) physical condition, (4) compliance or non-compliance with any permit, license, law regulation, rule guideline or ordinance,

or (5) appropriateness for any particular purpose, investment or occupancy. Again, the Recipient is urged not to rely on this Memorandum and the

statements and estimates in it and to make an independent investigation regarding the Property and the statement sand estimates contained herein.

This Memorandum may include statements regarding, references to, or summaries of, the nature, scope or content of contracts and/or other documents

relating to the Property. Those statements, references or summaries may or may not be accurate, correct or complete. Additionally, TCP may not have

referenced or included summaries of each and every contract and/ or other document that the Recipient might determine is relevant to its evaluation RESIDENTIAL EXPERT of the Property. Nothing contained in the Memorandum should be construed as a representation or warranty about the accuracy, correctness or completeness of such statements, representations or summaries. On request and as available, and subject to the Owner’s consent, TCP will provide the NEILL BASSI Recipient with copies of all referenced contract and other documents. TCP assumes no obligation to supplement or modify the information contained in t this Memorandum to reflect events or conditions occurring on or after the date of its preparation of the Memorandum. This Memorandum does direct (415) 296-2233 not constitute an offer to sell, or a solicitation of an offer to buy, an interest in the Property. Nothing contained in the Memorandum may be construed cell (415) 901-1700 to constitute legal or tax advice to a Recipient concerning the Property. More detailed information regarding the anticipated terms, conditions and BRE # 1883478 timing of any offering by the Owner relating to the Property will be provided in due course by separate communication. TCP and/or the Owner reserve

the right to engage at any time in discussions or negotiations with one or more recipients of this Memorandum and/or other prospective purchasers SOTHEBY’S INTERNATIONAL REALTY-SAN FRANCISCO BROKERAGE of the Property without notice or other obligation to the Recipient. The Owner reserves the right to change the terms of any offering relating to the 117 Greenwich Street Property or to terminate without notice that offering. The Owner also reserves the right to operate the Property in its sole and absolute discretion prior San Francisco, CA 94111 to the completion of any sale of the Property. TCP reserves the right to require the return of this Memorandum and the material in it any other material provided by TCP to the Recipient at any time. Acceptance of this Memorandum by the Recipient constitutes acceptance of the terms and conditions

above. All inquiries regarding this Memorandum should be directed to Michael Sanberg or Zach Haupert at (415) 989-1200. 36 www.tcpre.com

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