Fisherman's Wharf Retail

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.

Description:

Not offered for sale since its original construction in 1968, 165 Jefferson Street is an opportunity to acquire a generational asset for the owner-user or add-value investor.

The subject property is in the heart of the famed Fisherman's Wharf district in San Francisco, California. Situated between Pollo Campero, 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 location in this world-renowned destination retail district in San Francisco.

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 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 positive reviews from the San Francisco Port Authority. New retailers arriving on the same block of Jefferson Street include restaurant Pollo Campero located at 155 Jefferson Street, which has also undergone construction for a new retail storefront.

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 an upswing from the bottom of the pandemic-era market, with dramatic improvements in retail rent levels, approved and planned 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.

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