103 Montgomery Street, First Floor
Visitor-Serving Destinations Sought for Ground Floor of Iconic Building
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Property Description
Property Description
The Presidio Trust is seeking visitor-serving uses for the first floor of 103 Montgomery Street, part of the Montgomery Barracks streetscape on the Main Post. Proposals for restaurant, museum, or other visitor destinations are welcomed.
103 Montgomery Street recently underwent a complete historic rehabilitation and is ready for tenant improvements. The space features high ceilings and large windows with lots of natural light. Some basement storage or multi-purpose space may be available to the first floor tenant. This opportunity is not offered for office use, child care, or preschool.
The majestic Montgomery Street Barracks have been at the heart of Presidio life for more than a century. They were erected between 1895 and 1897 as the Presidio expanded in national importance prior to the Spanish-American War. While the buildings once housed companies of troops, today they are being re-imagined as central visitor destinations within a revitalized Main Post. The Walt Disney Family Museum is located next door at 104 Montgomery Street.
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, is now open to the public. 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.
Expenses
In addition to base rent and parking, 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, emergency services, road and other infrastructure maintenance. Current SDC is estimated at $4.58 per rentable square foot, 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
Tenant Selection Criteria
Business proposal and demonstrated ability to contribute to the Presidio's financial viability
Demonstrated ability to rehabilitate and reuse an historic building
Compatibility with the Presidio Trust Act, responsiveness to the General Objectives of the General Management Plan Amendment (GMPA), and contribution to the visitor experience
Compatibility with the planning principles and preferred uses articulated in the Presidio Trust Management Plan (PTMP)