OFFERING SUMMARY SAN FRANCISCO CALIFORNIA Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp. a California licensed real estate broker, California License Number 01385740 ( HFF )
THE OFFERING HFF, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 604 Mission Street (the Property ), a steel-framed, transitoriented, mixed-use creative office building including ground floor retail space located in Downtown San Francisco. The 100%-leased, creative office asset encompasses 26,796 square feet across 10 floors and top floor penthouse, and is exceptionally located in the heart of the South Financial submarket, just one block from the Montgomery St. BART/Muni Station and adjacent to Transbay Terminal. The Property is ideally located in the South Financial District, one of the strongest submarkets in San Francisco with some of the highest asking rental rates in the city. 604 Mission is conveniently located at the corner of 2nd and Mission within the Transbay Terminal Area, comprised of San Francisco s most iconic new developments. PROPERTY SUMMARY Property Address 604 Mission Street, San Francisco, CA, 94105 Total Rentable Area (SQ. FT.) 26,796 Office 24,423 Retail 2,373 Number of Floors / Typical Floor Size 10 + Penthouse / 2,622 Percent Leased 100% Year Built / Renovated 1905 / 1995 / 2016 2
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INVESTMENT HIGHLIGHTS 100% LEASED CREATIVE OFFICE BUILDING WITH HISTORIC LOOK AND FEEL Diversified cash flows stemming from diverse tenant mix Staggered Rent Roll Allows for Steady Cash Flows Exposed brick with high ceilings provides a historic look and feel Single tenant floors with unbeatable identity EXCEPTIONAL AMENITY BASE WITH GROUND-FLOOR RESTAURANTS Atlas Tap Room and Archive Bar & Kitchen offer popular restaurant venues for tenants Abundance of amenities within a 2 block radius gives an exceptional walk score of 97 Access to an additional 100,000 sqft of retail amenities less than one block away upon completion of the Transbay Transit Center IN THE HEART OF SAN FRANCISCO S HIGHLY SOUGHT AFTER TRANSBAY DISTRICT One block from the Transbay Transit Center, poised to remain a core location long-term Immediate upside with Transbay Transit Center expected to be operational in Q2 2018 Directly proximate to Second Street Improvement Project SIGNIFICANT CREATIVE OFFICE CAPITAL IMPROVEMENTS Full conversion into modern creative office space with over $1.7 M worth of Capital Improvements by current ownership Minimal future leasing capital costs due to high quality in-place improvements DIRECT ACCESS TO MULTIPLE TRANSIT SOLUTIONS Unbeatable transit score of 100 BART/MUNI 1 block Transbay Terminal 1 block Ferry Building 6 blocks Caltrain 1.1 mi Highway I-80 5 blocks 5
SAN FRANCISCO S HEART OF NEW DEVELOPMENT Building Name Delivery Date Square Feet Occupancy Primary Tenant Salesforce Tower Jan-18 1,400,000 97% Salesforce.com 181 Fremont Jan-18 432,000 100% Facebook 350 Mission Nov-15 451,000 100% Salesforce.com 222 Second Oct-15 452,000 100% LinkedIn 535 Mission Nov-14 307,000 100% Trulia Foundry Square III Apr-14 291,000 100% NeuStar 555 Mission Sep-08 557,000 96% Deloitte Foundry Square I Jan-08 335,000 100% Blackrock Foundry Square II Mar-03 522,000 100% Orrick 560 MISSIO Foundry Square IV Jan-03 247,000 100% Slack 560 Mission May-02 684,000 100% JPMorgan Chase 222 SECOND 6
TM SALESFORCE TOWER N 350 MISSION 181 FREMONT 555 MISSION 535 MISSION TRANSBAY TERMINAL FOUNDRY SQUARE IV FOUNDRY SQUARE I FOUNDRY SQUARE III FOUNDRY SQUARE II 7
OFFICE INVESTMENT ADVISORY DAVID DOKKO Director 415.276.6926 ddokko@hfflp.com CA Lic. # 01960806 BEN BULLOCK Senior Director 415.276.6927 bbullock@hfflp.com CA Lic. #01885337 THOMAS FOLEY Director 415.276.6091 tfoley@hfflp.com CA Lic. #01997105 SCOTT PERTEL Senior Managing Director 415.276.6945 spertel@hfflp.com CA Lic. #01733880 RETAIL INVESTMENT ADVISORY ERIC KATHREIN Senior Director 415.510.6961 ekathrein@hfflp.com CA Lic. # 01896107 DEBT JORDAN ANGEL Senior Director PLACEMENT 415.276.6942 101 2nd Street, Suite 800 jangel@hfflp.com San Francisco, California 94105 CA Lic. # 01419993 415 276 6300 Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, HFF), HFF Securities L.P. and HFF Securities Limited (collectively, HFFS) are owned by HFF, Inc. (NYSE HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp. com or follow HFF on Twitter @HFF. HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF and we make no representation or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.