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Broadway Street RESIDENTIAL DEVELOPMENT OWNER/USER INVESTMENT OPPORTUNITY 2 TOUCHSTONE COMMERCIAL PARTNERS, INC

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Broadway Street RESIDENTIAL DEVELOPMENT OWNER/USER INVESTMENT OPPORTUNITY 2 TOUCHSTONE COMMERCIAL PARTNERS, INC TOUCHSTONE COMMERCIAL PARTNERS, INC. 1 906-908 Broadway 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, San Francisco, 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 Montgomery Street 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 Hyde Street. 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.
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