Navigate Up
Sign In
Page background image
 
227 Halleck Street
Development Opportunity near the Main Post and Crissy Field
A photo of 227 Halleck Street, a brick building with a red roof and white trim and doors that sits close to the street edge.
Property Description
The Presidio Trust is inviting proposals to lease and redevelop 227 Halleck Street. This space is offered for appropriate service retail or office use.
 
227 Halleck Street sits at the interface between the Main Post, the park’s primary cultural destination, and the beautiful open spaces of Crissy Field. This area is now undergoing a great transformation with the replacement of Doyle Drive.
 
Built circa 1897 as a Quartermaster Storehouse, this unreinforced, three-story masonry building holds tremendous potential with a tenant-funded renovation. Capital investment may be used to offset rent payments, as rent credits. Historic tax credits may be available. Building 227 is not divisible.
 
The Presidio Trust is bringing back the Main Post’s lively character and creating new opportunities for the community to experience its history and culture. The Main Parade Ground, adjacent to the Montgomery Street Barracks, was recently re-landscaped as an inviting public open space for festivals, outdoor performances, and other special events. The Inn at the Presidio, the park’s first lodging destination, opens in April 2012. The Presidio Officers’ Club and Heritage Center will also soon reopen following a full historic rehabilitation. The Main Post also features a transit center, the Presidio Community YMCA, an Archaeology Center, a Visitor Center, and restaurants, with new visitor destinations expected soon.
 
At the completion of Doyle Drive construction, the Main Post will be connected to the Crissy Field northern waterfront via a bluff featuring ten acres of new parkland. The bluff will feature public places to gather with views of the bridge, the bay, and the Presidio’s forested ridges.
 
Note:
1st Floor:  4,577 square feet
2nd Floor:  3,348 square feet
Basement:  3,226 square feet
Expenses
In addition to base rent, Tenant is responsible for all operating expenses including utilities, insurance, maintenance and the Service District Charge (SDC). SDC is a reimbursement to the Trust for a portion of municipal services such as police, fire, road and other infrastructure maintenance. Tenants are charged a pro rata portion of such costs based on the relationship of the space leased to the total Presidio square footage of non-residential buildings. Current SDC is estimated at $4.58 per rentable sq ft per year, subject to annual adjustment.
Commission
$1.50/RSF per year, up to $7.50/RSF, to procuring broker, payable half 30 days after lease execution and half 30 days after occupancy. Procuring cause will include, but not be limited to the following:
1. Broker must accompany the clients on the initial visit to the Presidio;
2. Broker must provide written confirmation of an agreement between broker and tenant;
3. Broker must have a continuing involvement in the transaction.
Tenant Selection Criteria

Demonstrated ability to contribute to the Presidio's financial viability

 

Demonstrated financial capacity to rehabilitate and reuse an historic building

 

Compatibility with the Presidio Trust Act and responsiveness to the General Objectives of the General Management Plan Amendment (GMPA)
 
Contribution to the visitor experience
 
Compatibility with applicable planning documents
Property Details
Available Development Opportunity
Square Feet 11,151
Divisible? Not Divisible
Floors 3
Uses Appropriate Service Retail, Office
Term 10 years
Rent Rate Market rate base rent NNN lease, negotiable

Contact Us

Real Estate Leasing + Development
T: (415) 561-5335
E: leasing@presidiotrust.gov

Commercial Lease Search


or
NEARBY DESTINATIONS