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City and School District Select Committee Leveraging Surplus and Other Properties for Productive Use or Revenue San Francisco Unified School District & City and County of San Francisco January 30, 2014

Leveraging Surplus and Other Properties for Productive Use or …€¦ · 30/01/2014  · 1155 Page Street French American Inter. School $ 15,000 . Total rent-lease revenue per year

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Page 1: Leveraging Surplus and Other Properties for Productive Use or …€¦ · 30/01/2014  · 1155 Page Street French American Inter. School $ 15,000 . Total rent-lease revenue per year

City and School District Select Committee Leveraging Surplus and Other Properties for

Productive Use or Revenue San Francisco Unified School District & City and County of San Francisco

January 30, 2014

Page 2: Leveraging Surplus and Other Properties for Productive Use or …€¦ · 30/01/2014  · 1155 Page Street French American Inter. School $ 15,000 . Total rent-lease revenue per year

Galileo High School

• SFUSD lists over 155 properties in its property portfolio • Current Perception: SFUSD has lots of empty buildings • Reality: Not True • Currently only 3 sites with structures are vacant or not in use for either an educational purpose or long term ground lease to others. - 200 Middlepoint Rd – HuntersView Youth Park - 1950 Mission – Former Phoenix HS - Former Principal Center Site- 1351 42rd Ave.

• Currently only 2 sites are Vacant land: - Property at 7th and Lawton - Property at 1101 Connecticut

G. Washington HS

Page 3: Leveraging Surplus and Other Properties for Productive Use or …€¦ · 30/01/2014  · 1155 Page Street French American Inter. School $ 15,000 . Total rent-lease revenue per year

Under the Ca. Education Code the sale of surplus property can only occur with special conditions:

• Board of Education must convene a “Surplus Property/7-11 Committee and make public findings to declare property surplus. This happened in 2007. • Property must first be offered to public agencies before being sold in public auction • Proceeds of Property sale can only be used for facility related capital improvements or construction • Lease revenue is allowed to be used in the general fund for regular school district expenditures

• Current District Strategy for surplus and other real property development is:

• to not sell property, unless there are unique or overriding conditions • to leverage District real property assets for on-going annual revenue that will aid the general fund, including long term ground lease, development or exchange for income property

Page 4: Leveraging Surplus and Other Properties for Productive Use or …€¦ · 30/01/2014  · 1155 Page Street French American Inter. School $ 15,000 . Total rent-lease revenue per year

The District leases the following sites or portions of sites*: LEASED SITES Tenant Rent or lease Revenue/yr 1440 Harrison 1440 Harrison Street Devmt Group $ 303,324 1235 Mission Street City of SF Human Services Agency $2,592,000 5th & Market St. S.F. Shopping Center Assoc. $2,501,568 1350 7th Ave. Parking lot SF Parking Authority $ 27,800 1060 Tennessee St. - I.M. Scott Partners in School Innovation $ 13,985 1060 Tennessee St.- I.M. Scott Omega Boys Club $ 13,985 1195 Hudson- Jedediah Smith site Bayview Hunters Point Sr. Ctr. $ 9,504 741 30th Ave. - Lucinda Weeks Richmond Dist. Neighborhood Ctr. $ 24,000 2055 Lombard St. SF Parking Authority $ 350,000 1475 Ellis St. Glad Tidings Church $ 1,620 l340 Bush Street Garage Central Parking System $ 36,000 7th Ave. and Lawton Various seasonal rentals $ 39,889 1155 Page Street French American Inter. School $ 15,000 Total rent-lease revenue per year $5,928,675 Total Annual revenue from permit use fees for District sites $1,300,000 Total revenue to be generated from real property 2014 $7,228.675 * 4 additional sites have long term ground leases with fully pre-paid lease amounts

Page 5: Leveraging Surplus and Other Properties for Productive Use or …€¦ · 30/01/2014  · 1155 Page Street French American Inter. School $ 15,000 . Total rent-lease revenue per year

In May of 2007 the Board of Education adopted the findings of the Surplus Space and Real Property-7/11 Committee and declared the following properties as surplus (definition of surplus - not being used for an educational related use) and other properties as determined, but not exceeding 20% of District property in the aggregate:

• Children’s Center Admin. Building located at 20 Cook St. • Former Florence Martin CDC at 1155 Page St. • Vacant Land at 1101 Connecticut St. • 1350 7th Ave. Parking lot • Former Louise Lombard ES at 700 Font Blvd • Former Phoenix HS at 1950 Mission St. • Former Newcomer (Pacific Hts ES) at 2340 Jackson St. • Vacant Land at 7th and Lawton • Parking Garage at 1340 Bush St. • Golden Gate Annex Bldg at 1512 Golden Gate St. Let’s see what has happened to these properties since 2007?

Page 6: Leveraging Surplus and Other Properties for Productive Use or …€¦ · 30/01/2014  · 1155 Page Street French American Inter. School $ 15,000 . Total rent-lease revenue per year

1. Former Pacific Heights ES at 2340 Jackson Modernized by 2006 Bond & Reopened as the SF Montessori ES No longer considered surplus 2. Children’s Center Admin. Building located at 20 Cook Street Current District Admin. center for expanding Early Learning Program and fully occupied No longer considered surplus 3. Golden Gate Annex Bldg at 1512 Golden Gate Modernized by 2006 Bond & reopened as a SF Public Charter School No longer considered surplus 4. Former Florence Martin CDC at 1155 Page Street Long term ground lease to the French American International School for Prek-child care program- new school building being constructed on site. No longer considered surplus

Page 7: Leveraging Surplus and Other Properties for Productive Use or …€¦ · 30/01/2014  · 1155 Page Street French American Inter. School $ 15,000 . Total rent-lease revenue per year

5. 700 Font Blvd – Former Louise Lombard E.S. Sold in 2011 to San Francisco State University for $11.1 million

Page 8: Leveraging Surplus and Other Properties for Productive Use or …€¦ · 30/01/2014  · 1155 Page Street French American Inter. School $ 15,000 . Total rent-lease revenue per year

6. 1950 Mission Street Anticipated to be sold in 2014 to SF/Mayor’s Office of Housing as part of a multi-parcel transaction 7. 1101 Connecticut – vacant land Anticipated to be sold in 2014 to SF/Mayor’s Office of Housing as part of a multi-parcel transaction 8. 1340 Bush Street Garage

Redding ES play yard on garage top floor and long term lease for parking garage generates annual revenue for general fund No longer considered surplus

Page 9: Leveraging Surplus and Other Properties for Productive Use or …€¦ · 30/01/2014  · 1155 Page Street French American Inter. School $ 15,000 . Total rent-lease revenue per year

Looking Forward: The follow properties/sites may also be under consideration as potential development sites or new surplus sites:

1. Hunters View Youth Park at 200 Middlepoint Road – Current Vacant Building and site

Possible proposed future use: New neighborhood community center or Public Park adjacent to Hope SF Housing and Malcolm X E.S.

Page 10: Leveraging Surplus and Other Properties for Productive Use or …€¦ · 30/01/2014  · 1155 Page Street French American Inter. School $ 15,000 . Total rent-lease revenue per year

2. Former Principal Center Country School & Former Elementary School at 1351 42nd Ave

Possible proposed future use of 1.3 acre site: Housing Development or new small school site

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10

V-c. 1351 42nd Ave Aerial

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11

1351 42nd Avenue Property Overview

Address 1351 42nd Avenue, between Irving and Judah.

Site Area 59,999 square feet (1.38 acres).

Site Shape Rectangular.

Topography Sloping gently downward from east to west.

Access 42nd Avenue and 43rd Avenue.

Buildings Two-story building, approximately 14,800 square feet.

Other Improvements Entire lot is paved; several mobile modular units.

Zoning P – Public District

Adjacent Zoning RH-2 (House, Two-Family -- 2 dwelling units per lot; up to 1 unit per 1500 square feet of lot area with conditional use approval).

Page 13: Leveraging Surplus and Other Properties for Productive Use or …€¦ · 30/01/2014  · 1155 Page Street French American Inter. School $ 15,000 . Total rent-lease revenue per year

3. 7th Avenue at Lawton Street – Vacant Land – 1.9 Acres

Possible proposed future use: Housing Development, new small school site, District-wide garden school yard, public open parkland

Page 14: Leveraging Surplus and Other Properties for Productive Use or …€¦ · 30/01/2014  · 1155 Page Street French American Inter. School $ 15,000 . Total rent-lease revenue per year

13

V-k. 7th Avenue at Lawton Street Aerial

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7th Avenue and Lawton Street Property Overview

Address 7th Avenue at Lawton Street.

Site Area 82,567 square feet (1.90 acres).

Site Shape Irregular.

Topography Mostly flat, with steep sloping west to east along eastern edge.

Access 7th Avenue, Lawton Street, Locksley Avenue.

Buildings None. Other Improvements None.

Zoning P – Public District

Adjacent Zoning RH-1 (House, One-Family -- 1 dwelling unit per lot); RH-2 (House, Two-Family -- 2 dwelling units per lot; up to 1 unit per 1500 square feet of lot area with conditional use approval); RM-1 (Mixed, Apartments and Houses, Low Density - 3 dwelling units per lot or 1 dwelling unit per 800 square feet of lot area); RM-2 (Mixed, Apartments and Houses – 3 dwelling units per lot or 1 dwelling unit per 600 square feet of lot area).

Page 16: Leveraging Surplus and Other Properties for Productive Use or …€¦ · 30/01/2014  · 1155 Page Street French American Inter. School $ 15,000 . Total rent-lease revenue per year

4. Parcel E – Parking lot adjacent and behind 555 Franklin Street Possible proposed future use: Development site for Multi-story administration over parking or multi-story housing development over parking

Page 17: Leveraging Surplus and Other Properties for Productive Use or …€¦ · 30/01/2014  · 1155 Page Street French American Inter. School $ 15,000 . Total rent-lease revenue per year

5. 170 Fell Street Possible proposed development site plus air-rights for Civic Center Arts housing, hotel, District administrative offices

Page 18: Leveraging Surplus and Other Properties for Productive Use or …€¦ · 30/01/2014  · 1155 Page Street French American Inter. School $ 15,000 . Total rent-lease revenue per year

T H E E N D