2567 Mission S re e - LoopNetimages1.loopnet.com/d2/ZYwFktIISTpKR2...HIGHLIGHTS: 2567 Mission Street ... World B arista Championships, Tokyo 2007. UNITED STATES BARISTA CHAMPION Heather

2 5 6 7 M i s s i o n S t r e e tS a n F r a n c i s c o , C A

2567 Mission StreetSan Francisco, CA

L I S T I N G A G E N T S

Cl inton TextorFirst Vice President Investments

San Francisco OfficeTel: (415) 625-2157// Cell: (415) 425-9123 [email protected] License CA

01318639

Sanford SkeieFirst Vice President Investments

San Francisco OfficeTel: (415) 625-2153 // Cell: (415) 370-1525

[email protected] License CA 00982336

Doug Mal lachNational Office & Industrial Properties Group

San Francisco Office Tel: (415) 625-2155 // Cell: (415) 328-9330

[email protected] CA 01947107

N O N - E N D O R S E M E N T & D I S C L A I M E R N O T I C E

C O N F I D E N T I A L I T Y & D I S C L A I M E RThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus

& Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared

to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained

herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect

to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements,

the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon,

or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained

in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information

contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy

or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service

mark of Marcus & Millichap Real Estate Investment Services, Inc.

© 2018 Marcus & Millichap. All rights reserved.

N O N - E N D O R S E M E N T N O T I C EMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's

logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or

any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to

prospective customers.

OFFICES THROUGHOUT THE U.S. AND CANADAwww.marcusmillichap.com

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service

mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

INVESTMENTOVERVIEW

2567 Mission Street

Property Address 2567 Mission Street San Francisco, CA 94110

Assessor’s Parcel Number 3615-079

Zoning NCT

$6,300,000List Price

15,000 Sq.Ft. Office/Retail Property*

I N V E S T M E N T O V E R V I E W

2

OFFERING SUMMARY 2567 Mission Street

Number of Retail Units 1

Year Built 1927

Rentable Square Feet 15,000

Lot Size 4,394SF

Type of Ownership Fee Simple

Water SF Water

Electric PG&E

Framing Wood

Roof Modified Bitumen

Heat Central HVAC

Hot Water Boiler

The Offering

Site Description

Utilities

Construction

Mechanical

Retail Sq.Ft 1,400

Office Sq. Ft. 13,600 SF

Price/Sq.Ft. $420

*Includes finished basement

I N V E S T M E N T O V E R V I E W 3

PROPERTY DESCRIPTION

2567 Mission Street

The Red Bui lding at 2567 Miss ion Street i s a mixed-use/commercia l bui lding located in the Miss ion 's famous mirac le mi le , between 21st and 22nd Streets .

Newly Renovated from the ground up, this profoundly unique property b lends a soon to open ground f loor Klatch Coffee wi th an addit ional 13 ,600 square feet of beaut i fu l ly des igned Creat ive Off ice/Reta i l space dis tr ibuted over 4 f loors . Current ownership has invested over $3 mi l l ion in renovat ions under the guidance of the prest ig ious Stanford D School . Mass ive wal l to wal l , knee-high to ce i l ing front windows; f ront to back, 3rd f loor skyl ights ; and an atr ium sty le skyl ight extending down from roof to the 1st f loor f lood the f loors with natura l l ight .

Wood Flooring, b leacher seat ing , rooftop decking and large wide-open workspaces dotted with per iphera l mini-pr ivate of f ice/workstat ions accent this inspirat ional of f ice & reta i l space .

Flexible Miss ion Street Neighborhood Commercia l Transi t Distr ic t zoning accomodates a var iety of uses ranging from reta i l sa les & service , f inancia l and inst i tut ional uses .

The neighborhood is a b lend of San Francisco ’s most exci t ing dining, night l i fe and new development . Direct ly across the s treet and fac ing the renown Foreign Cinema restaurant , the Alamo Drafthouse Cinema Theater , and s teps f rom Lasz lo , Lol inda, The Make-out Room, the Vita Miss ion Condominium development , BART, and the recent ly completed La Plac i ta Community Open Space Plaza , The Red Bui lding embodies the v ibrancy and spir i t that makes The Miss ion so unique.


INVESTMENTHIGHLIGHTS

2567 Mission Street

• 13,600 Square Feet of Design Space or Medical Office• 1,400 Square Feet Ground Floor Retail Space Leased to

Klatch Coffee

• In the Center of Mission's "Miracle Mile"

• Beautiful, Complete and Total Property Renovation

• $3 Million+ in Improvements Including New Elevator and Skylights

NEWLY RENOVATED FROM GROUND UP


OVERHEADMAP

2567 Mission Street

MICRO ROASTER OF THE YEAR Roast Magazine 2009

OVERALL CHAMPION, GOLDEN BEAN World’s Largest Roasting

Competition 2015/ Chain Champion 2016, 2017 & 2018

WORLD'S BEST ESPRESSO World Barista Championships,

Tokyo 2007

UNITED STATES BARISTA CHAMPION

Heather Perry 2003 and 2007

U.S. BREWERS CUP CHAMPION Todd Goldsworthy 2014 & 2016

BEST COFFEEHOUSE IN AMERICA Coffee Fest 2012

GOOD FOOD AWARDS WINNER 2014 & 2016

#1 AND #4 COFFEE OF THE YEAR Coffee Review 2014

BEST COFFEE AND COFFEE HOUSE

Daily Bulletin

SMALL BUSINESS OF THE YEAR

IVEDC

2017 TISCA ROASTER & BARISTA CUP

THE BEST ESPRESSO - 3RD PLACE "GOLDEN BEAN

ESPRESSO"

GROUND FLOOR TENANT PROFILE2567 Mission Street


An informal gathering for coffee and conversation, simply stated, is what Klatch Coffee is. For the past 25 years, Klatch Coffee has been serving up award-winning coffee with great conversation. Based in Los Angeles, this family business started out of a love for great coffee with one retail store and has evolved into a global wholesale roaster and retailer with its coffee featured daily on three continents.

Klatch coffees are born as a result of nurturing relationships with the farmers who grow the beans. It is our belief that the art of Klatch begins right where the seeds are planted. Green buyer and roastmaster Mike Perry painstakingly travels the globe to ensure that we have the first look at the finest results of each harvest. Our commitment to honest business practices means we build trust and loyalty with the farmers we work with. All of this is accomplished through a Direct Trade model and a simple handshake. That's the way we do business.

After the beans are sourced, they make their way to our home in Southern California where the quest for only the best continues. Mike uses his degree in Chemical Engineering to achieve a balance of science and artistry we call “Peak of Flavor” roast style. Simply put, each individual coffee varietal is roasted to its unique peak flavor profile. The care we put into sourcing and roasting has been recognized through awards such as ‘Micro Roaster of the Year’, ‘Best Espresso in the World’ at the World Barista Championships (Tokyo WBC 2007), the #1 Coffee of the Year (Coffee Review 2014). In addition, over 80% of our coffees cupped by Coffee Review have scored 90 points and above. Most recently awarded Overall Champion 2015 Golden Bean/ Chain Champion 2016, 2017 & 2018.- The world’s largest roasting competition.

AWARDS


ASSESSOR'S BLOCK MAP2567 Mission Street


GROUND FLOOR CAFE RENDERINGS2567 Mission Street


BASEMENT & 1st FLOOR - FLOOR PLANS2567 Mission Street

C a f e *

4 , 2 6 2S q F t

3 , 3 5 1S q F t

S k y l i g h t

* A l l b u i l d i n g a c c e s s i s t h r o u g h c a f e s p a c e .


FLOOR 2 & 3 FLOOR PLANS2567 Mission Street

3 , 1 2 5S q F t

4 , 2 6 2S q F t

S k y l i g h t

D e c k


NCT ZONING PERMITTED USES2567 Mission Street

• R e s i d e n t i a l

• S a l e s a n d S e r v i c e s , R e t a i l : A C o m m e r c i a l U s e c a t e g o r y t h a t i n c l u d e s U s e s t h a t i n v o l v e t h es a l e o f g o o d s , t y p i c a l l y i n s m a l l q u a n t i t i e s , o r s e r v i c e s d i r e c t l y t o t h e u l t i m a t e c o n s u m e r o r e n du s e r w i t h s o m e s p a c e f o r r e t a i l s e r v i c e o n s i t e , e x c l u d i n g R e t a i l E n t e r t a i n m e n t A r t s a n d R e c r e a t i o n ,a n d R e t a i l A u t o m o b i l e U s e s a n d i n c l u d i n g , b u t n o t l i m i t e d t o : A d u l t B u s i n e s s , A n i m a l H o s p i t a l ,B a r , C a n n a b i s R e t a i l , C a t B o a r d i n g , C h a i r a n d F o o t M a s s a g e , T o u r i s t O r i e n t e d G i f t S t o r e , G e n e r a lG r o c e r y , S p e c i a l t y G r o c e r y , G y m , H o t e l , J e w e l r y S t o r e , K e n n e l , L i q u o r S t o r e , M a s s a g eE s t a b l i s h m e n t , M o r t u a r y ( C o l u m b a r i u m ) , M o t e l , N o n - A u t o S a l e s , P h a r m a c y , R e s t a u r a n t , L i m i t e dR e s t a u r a n t , G e n e r a l R e t a i l S a l e s a n d S e r v i c e , F i n a n c i a l S e r v i c e , F r i n g e F i n a n c i a l S e r v i c e , L i m i t e dF i n a n c i a l S e r v i c e , H e a l t h S e r v i c e , I n s t r u c t i o n a l S e r v i c e , P e r s o n a l S e r v i c e , R e t a i l P r o f e s s i o n a lS e r v i c e , S e l f - S t o r a g e , T o b a c c o P a r a p h e r n a l i a E s t a b l i s h m e n t , a n d T r a d e S h o p .

• I n s t i t u t i o n a l U s e : A U s e C a t e g o r y t h a t i n c l u d e s C h i l d C a r e F a c i l i t y , C o m m u n i t y F a c i l i t y ,P r i v a t e C o m m u n i t y F a c i l i t y , H o s p i t a l , J o b T r a i n i n g , M e d i c a l C a n n a b i s D i s p e n s a r y , P h i l a n t h r o p i cA d m i n i s t r a t i v e S e r v i c e s , R e l i g i o u s I n s t i t u t i o n , R e s i d e n t i a l C a r e F a c i l i t y , S o c i a l S e r v i c e o rP h i l a n t h r o p i c F a c i l i t y , P o s t - S e c o n d a r y E d u c a t i o n a l I n s t i t u t i o n , P u b l i c F a c i l i t y , S c h o o l , a n d T r a d eS c h o o l .

• D e s i g n P r o f e s s i o n a l : A N o n - R e t a i l S a l e s a n d S e r v i c e U s e t h a t p r o v i d e s p r o f e s s i o n a l d e s i g ns e r v i c e s t o t h e g e n e r a l p u b l i c o r t o o t h e r b u s i n e s s e s a n d i n c l u d e s a r c h i t e c t u r a l , l a n d s c a p ea r c h i t e c t u r a l , e n g i n e e r i n g , i n t e r i o r d e s i g n , a n d i n d u s t r i a l d e s i g n s e r v i c e s . I t d o e s n o t i n c l u d e ( 1 )t h e d e s i g n s e r v i c e s o f g r a p h i c a r t i s t s o r o t h e r v i s u a l a r t i s t s w h i c h a r e i n c l u d e d i n t h e d e f i n i t i o n o fA r t s A c t i v i t i e s ; o r ( 2 ) t h e s e r v i c e s o f a d v e r t i s i n g a g e n c i e s o r o t h e r s e r v i c e s w h i c h a r e i n c l u d e d i nt h e d e f i n i t i o n o f P r o f e s s i o n a l S e r v i c e o r N o n - R e t a i l P r o f e s s i o n a l S e r v i c e , F i n a n c i a l S e r v i c e o rM e d i c a l S e r v i c e .

• T r a d e O f f i c e s : A N o n - R e t a i l S a l e s a n d S e r v i c e U s e t h a t i n c l u d e s b u s i n e s s o f f i c e s o f b u i l d i n g ,p l u m b i n g , e l e c t r i c a l , p a i n t i n g , r o o f i n g , f u r n a c e , o r p e s t c o n t r o l c o n t r a c t o r s , i f n o s t o r a g e o fe q u i p m e n t o r i t e m s f o r w h o l e s a l e u s e a r e l o c a t e d o n s i t e . I t m a y a l s o i n c l u d e i n c i d e n t a l a c c e s s o r ys t o r a g e o f o f f i c e s u p p l i e s a n d s a m p l e s i f l o c a t e d e n t i r e l y w i t h i n a n e n c l o s e d b u i l d i n g h a v i n g n oo p e n i n g s o t h e r t h a n f i x e d w i n d o w s o r e x i t s r e q u i r e d b y l a w w i t h i n 5 0 f e e t o f a n R D i s t r i c t , a n d i ft h e s t o r a g e o f e q u i p m e n t a n d s u p p l i e s d o e s n o t o c c u p y m o r e t h a n o f t h e t o t a l g r o s s f l o o r a r e a o f t h e u s e . N o p r o c e s s i n g o f b u i l d i n g m a t e r i a l s , s u c h a s m i x i n g o f c o n c r e t e o r h e a t i n g o f a s p h a l t s h a l l b e c o n d u c t e d o n t h e p r e m i s e s . P a r k i n g , l o a d i n g , a n d u n l o a d i n g o f a l l v e h i c l e s u s e d b y t h ec o n t r a c t o r s h a l l b e l o c a t e d e n t i r e l y w i t h i n t h e b u i l d i n g c o n t a i n i n g t h e u s e .

* N o t a n e x h a u s t i v e c o v e r a g e o f p e r m i t t e d u s e o r e x c e p t i o n s t h e r e o f . C e r t a i n r e s t r i c t i o n s a p p l y . T or e v i e w t h e c o m p l e t e N C T z o n i n g t a b l e s g o t o :

h t t p : / / l i b r a r y . a m l e g a l . c o m / n x t / g a t e w a y . d l l / C a l i f o r n i a / p l a n n i n g / a r t i c l e 7 n e i g h b o r h o o d c o m m e r c i a l d i s t r i c t s ? f = t e m p l a t e s $ f n = d e f a u l t . h t m $ 3 . 0 $ v i d = a m l e g a l : s a n f r a n c i s c o _ c a $ a n c = J D _ 7 5 4

http://library.amlegal.com/nxt/gateway.dll/California/planning/article7neighborhoodcommercialdistricts?f=templates$fn=default.htm$3.0$vid=amlegal:sanfrancisco_ca$anc=JD_754


PROPERTY PHOTOS2567 Mission Street









LeaseComparables

2567 MISSION STREET


LEASE COMPARABLES MAP2567 Mission Street

2073-2075 Mission Street

154 Capp St

2141-2145 Mission Street

3505 20th St

2101 Mission St

3401 19th St

44

1

2

3

5

6

1

6



rentpropertyname1 rentpropertyname1 rentpropertyname1

Type Avg. SF Annual Rent Rent/SF

Office 5,230 $203,970 $39.00

Office 5,230 $222,170 $42.48

NOTES1/2019: MG9/2018 MG

1

2073-2075 MISSION STREET


Office 3,602 $100,856 $28.00

NOTES2/2019 NNN

2

154 CAPP STREET


Office 1,277 $44,746 $35.04

NOTES10/2018 MG

3

2141-2145 MISSION STREET



rentpropertyname1

rentpropertyname1

rentpropertyname1

Type

Avg. SF

Annual Rent

Rent/SFOffice 3,330 $96,004 $28.83

NOTES

6/2017 NNN

4

3505 20TH ST

Type

Avg. SF

Annual Rent

Rent/SFOffice 6,154 $356,932 $58.00

Office 1,968 $70,848 $36.00

NOTES

6/2017 IG

4/2017 IG

5

2101 MISSION ST

Type

Avg. SF

Annual Rent

Rent/SFOffice 2,800 $113,904 $40.68

Office 2,800 $113,904 $40.68

NOTES

4/2017: FS

2/2017: NN

6

3410 19TH ST



AVERAGE RENT - COMMERCIAL

Avg. $37.66

$20

$30

$40

$50

$60

2073-2075MissionStreet

154 Capp St 2141-2145MissionStreet

350520th St

2101Mission St

340119th St

Price Per Square Foot



FINANCIALANALYSIS

2567 MISSION STREET

F I N A N C I A L A N A L Y S I S 22

RENT ROLL 2567 Mission Street

Klatch Coffee

Total

Annualized Rent

$3.861,400 9.33%1

TENANTNAME

RENT PER SQ

FT/MO.

SQUAREFEETSUITE

12/1/19-11/30/25

LEASETERM

Retail

UNITTYPE

$5,400

$5,400

$64,800

TOTAL RENTPER MONTH

% BUILDING

SHARE

1/21

CHANGES

ON

$5,562 1

CHANGES

TO

RENEWALOPTIONS

FSG

EXPENSE REIMBURSEMENT

Total Annualized Rent $577,248

Vacant

Total

Annualized Rent

$3.1413,600 90.67%Offfice $42,704*

$42,704

$512,448

FSG

*Office space is vacant, rent is pro forma


INCOME AND EXPENSES2567 Mission Street

INCOME

Retail

Gross Scheduled Rent

Effective Gross Income

Office Suites

Gross Scheduled Rent

Effective Gross Income

Combined Effective Gross Income (CEGI)

Less: Expenses

Net Operating Income

Cash Flow

Total Return

EXPENSES

Real Estate Taxes

Insurance

Utilities - Combined

Repairs & Maintenance

Total Expenses

CURRENT

$64,800

$64,800

$512,448

$512,448

$577,248

($175,942)

$401,306

$401,306

$401,306

CURRENT

$73,269

$13,593

$18,093

$2,250

$175,942

(2)

(1) Office space is vacant, rents are pro forma(2) Expenses are estimated.

Trash Removal

Internet & Phone

Security

Janitorial

$12,166

$2,918

$7,228

$6,537Management

Leasing Commissions $25,500$14,388

(1)


PRICING DETAIL2567 Mission Street

PRICE $6,300,000

Ground Floor Commercial Units 1

Ground Floor Commercial SqFt 1,400

Office SqFt 13,600

Price Per SqFt $420

Lot Size (SqFt) 4,394

Rentable SqFt 15,000

Approx. Year Built 1927

CAP Rate 6.37%

(1)

(1) Per CityTax Records

Documents

2567 Mission S re e - LoopNetimages1.loopnet.com/d2/ZYwFktIISTpKR2...HIGHLIGHTS: 2567 Mission Street ... World B arista Championships, Tokyo 2007. UNITED STATES BARISTA CHAMPION Heather