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1182 Lundeen Street
Crissy Field Development Opportunity
A photo of 1182 Lundeen Street, a long, white one-story building sitting directly beside Lundeen Street.
Property Description
The Presidio Trust is now seeking proposals for the lease and redevelopment of 1182 Lundeen Street, part of a group of seven World War I-era warehouses on Lundeen and Mason Streets. A variety of uses are welcomed, including appropriate service retail, cultural, educational, health and fitness, office, and recreational.
 
The Trust welcomes proposals for one or more of the buildings (1182, 1183, 1184, 1185, 1186, 1187, and 1188). The buildings range in size from approximately 11,745 square feet to approximately 13,125 square feet, totaling approximately 88,700 square feet.
 
These World War I-era warehouses have stood along the northern waterfront since Crissy Field became world renowned in the golden age of aviation. They are situated at a primary gateway to Crissy Field, one of the most recognizable spaces on the West Coast and the most visited Presidio district. Its beaches, trails, and Golden Gate Bridge views draw millions each year.
 
The Lundeen/East Mason Street warehouses are directly opposite East Beach, Crissy Field Center, the Beach Hut Cafe, and Crissy Marsh; the Marina Green is located just outside the gate.
 
This opportunity requires the tenant to fund the building renovation and all improvements. Tenant’s capital investment may be used to offset monthly rent payments, as rent credits. Historic Tax Credits may be available.
 
The area is served by Muni bus lines 30 and 30X, and the PresidiGo Shuttle. Metered parking is very limited.
 
Doyle Drive reconstruction is underway in this area of the Presidio. Upon its completion, the Main Post will be connected to the Crissy Field northern waterfront via a bluff featuring ten acres of new parkland at the foot of the Main Post. The bluff will feature public places to gather with views of the bridge, the bay, and the Presidio’s forested ridges. More on this project is available at www.presidioparkway.org.
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 per rentable square foot per year up to a maximum of $7 per rentable square foot for office use, or 5%, 4%, 4%, 3%, 2% of rental income for the first five years and 1.5% for years 6-10 for appropriate retail use. Office use commissions are payable to procuring broker one-half within thirty days following lease execution and one-half within thirty days following tenant 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 enhance the Presidio's financial viability
 
Contribution to the visitor experience
 
Compatibility with the planning principles and preferred uses articulated in the Presidio Trust Management Plan
 
Overall financial capability
 
Capital investment anticipated and proof of ability to perform
 
Rent/economic package
 
Transportation and parking management
Property Details
Available Development Opportunity
Square Feet 11,869
Divisible? Not Divisible
Floors 1
Uses Cultural; Educational; Office; Retail; Health and Fitness; Recreational (excluding childcare + preschool)
Term Negotiable
Rent Rate Market base rent NNN lease, negotiable, with periodic base rent increases and a possible inclusion of percentage rent and/or participation rent. This opportunity requires the tenant to fund the building renovation and all improvements.

Contact Us

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

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