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Vacant-User

165 Jefferson St

165 Jefferson St, San Francisco, CA 94133

Listing Price: $5,970,000

Cap Rate
7.91%
Gross SF
6,776
Rentable SF
6,776
Price/Gross SF
$881.05
Lot Size
0.12 acres
Year Built
1965

Investment Overview

Not offered for sale since its original construction in 1968, 165 Jefferson Street is a generational opportunity for an owner-user or add-value investor. The property is in the heart of the famed Fisherman's Wharf district in San Francisco, California. Situated between Ripley's Believe It or Not, and Madame Tussauds Wax Museum and directly across Jefferson Street from the Boudin Bakery flagship store, 165 Jefferson Street enjoys a mid-block, ground-zero position in this world-renowned destination.

In addition to dramatically increasing business and tourist visits to Fisherman's Wharf - reportedly reaching 80% of pre-pandemic peak levels in 2022 - recently approved and proposed new developments include a recently approved 136-room hotel located at 2629 Taylor Street just one and a half blocks from the subject property. Directly across Jefferson Street from the subject property, a recently submitted plan to completely redevelop Pier 45 (and seawall lots 300/301) has received very positive reviews from the San Francisco Port Authority, New retailers arriving on the same block of Jefferson Street include restaurants Pollo Campero (expected in 2023) located directly next door to at 155 Jefferson Street which is undergoing construction for a new retail storefront. Moving into the former McDonald's space at 145 Jefferson Street will be Raising Cane's (expected in 2024).

The subject property was constructed as part of a planned development with its adjacent sister property, 155 Jefferson Street (not included in this offering). The two buildings share a common area deck on the second level, but each property with its own utility services and supporting infrastructure. Comprised of some 6,776 gross square feet, 165 Jefferson Street is positioned on a parcel of approximately 5,156 square feet and approximately 37.5 ft. wide with a depth of 137.5 feet. The new owner-user or retail tenant will enjoy the benefit of tremendous exposure to customer foot and vehicular traffic from the high-impact, dominant signage allowable on the building façade.

Two adages have long held true with investment real estate; "timing is everything" and "location, location, location". As to timing, 165 Jefferson Street is being offered at the launch of the upswing from the bottom of the pandemic-era market, with dramatic improvements in retail rent levels, new development, and new retailers entering this submarket. As to location, the subject property enjoys a ground-zero position within the iconic Fisherman's Wharf district.

165 Jefferson Street is a generational asset rarely offered for sale, presenting a phenomenal opportunity for the owner-user or add-value investor.

Investment Highlights

  • Located in World Renown Fisherman's Wharf, San Francisco, California.
  • Ground-Zero Location in the Fisherman's Wharf District between Taylor & Mason Streets.
  • First Time on the Market Since its Original Construction in 1968.
  • Tremendous Owner-User or Add-Value Opportunity.
  • Dramatically Improving Business & Tourist Visits to Fisherman's Wharf now at 80% of Pre-Pandemic Record Levels.
  • A Full-Floor Ground Level of Approximately 3,750 sq. ft. is Available for an Owner-User or for the Add-Value Investor Lease the Prime Space at Prevailing Market Rates.

Exclusively Listed By

Vacant-User

165 Jefferson St

Listing Price: $5,970,000

Cap Rate
7.91%
Gross SF
6,776
Rentable SF
6,776
Price/Gross SF
$881.05
Lot Size
0.12 acres
Year Built
1965

Investment Highlights

  • Located in World Renown Fisherman's Wharf, San Francisco, California.
  • Ground-Zero Location in the Fisherman's Wharf District between Taylor & Mason Streets.
  • First Time on the Market Since its Original Construction in 1968.
  • Tremendous Owner-User or Add-Value Opportunity.
  • Dramatically Improving Business & Tourist Visits to Fisherman's Wharf now at 80% of Pre-Pandemic Record Levels.
  • A Full-Floor Ground Level of Approximately 3,750 sq. ft. is Available for an Owner-User or for the Add-Value Investor Lease the Prime Space at Prevailing Market Rates.

Investment Overview

Not offered for sale since its original construction in 1968, 165 Jefferson Street is a generational opportunity for an owner-user or add-value investor. The property is in the heart of the famed Fisherman's Wharf district in San Francisco, California. Situated between Ripley's Believe It or Not, and Madame Tussauds Wax Museum and directly across Jefferson Street from the Boudin Bakery flagship store, 165 Jefferson Street enjoys a mid-block, ground-zero position in this world-renowned destination. In addition to dramatically increasing business and tourist visits to Fisherman's Wharf - reportedly reaching 80% of pre-pandemic peak levels in 2022 - recently approved and proposed new developments include a recently approved 136-room hotel located at 2629 Taylor Street just one and a half blocks from the subject property. Directly across Jefferson Street from the subject property, a recently submitted plan to completely redevelop Pier 45 (and seawall lots 300/301) has received very positive reviews from the San Francisco Port Authority, New retailers arriving on the same block of Jefferson Street include restaurants Pollo Campero (expected in 2023) located directly next door to at 155 Jefferson Street which is undergoing construction for a new retail storefront. Moving into the former McDonald's space at 145 Jefferson Street will be Raising Cane's (expected in 2024). The subject property was constructed as part of a planned development with its adjacent sister property, 155 Jefferson Street (not included in this offering). The two buildings share a common area deck on the second level, but each property with its own utility services and supporting infrastructure. Comprised of some 6,776 gross square feet, 165 Jefferson Street is positioned on a parcel of approximately 5,156 square feet and approximately 37.5 ft. wide with a depth of 137.5 feet. The new owner-user or retail tenant will enjoy the benefit of tremendous exposure to customer foot and vehicular traffic from the high-impact, dominant signage allowable on the building façade. Two adages have long held true with investment real estate; "timing is everything" and "location, location, location". As to timing, 165 Jefferson Street is being offered at the launch of the upswing from the bottom of the pandemic-era market, with dramatic improvements in retail rent levels, new development, and new retailers entering this submarket. As to location, the subject property enjoys a ground-zero position within the iconic Fisherman's Wharf district. 165 Jefferson Street is a generational asset rarely offered for sale, presenting a phenomenal opportunity for the owner-user or add-value investor.

Exclusively Listed By

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