Skip to ContentSkip to Section MenuSkip to Site Search Control

Presidio Header - leasing Section

THE PRESIDIO
The background image for the Presidio "leasing" header consists of a field of gray with the word "leasing" in block letters in the lower right corner overlaying a monochrome sketch of three mushrooms.

leasing Section Menu

Page Content

935 Mason St. - Development Opportunity 

Summary
Square Footage: 6,603 RSF No. of Floors: 2 Rent Rate: Negotiated market base rent NNN, with periodic base rent increases and a possible inclusion of percentage rent and/or participation rent Term: Negotiable 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. Currently, SDC is estimated at $4.49 per rentable square foot, per year. Commission:

The Presidio Trust will pay commissions to procuring brokers who are involved in the transaction. Brokerage commission shall be the greater of:

(a) $1.00 per rentable sq. ft. per year up to 10 years; or

(b) 5% / 4% / 4% / 3% / 2% of rental income (not including service district charge pass-throughs) for first five years, and 1.5% of rental income each year for the next five years, and 1% of rental income each year for years 11 through 15.

Commissions are earned one-half upon lease execution and one-half upon tenant occupancy. Commissions are payable within 30 days after they are earned. 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.

Proposed Uses: Cultural; Educational; Food Service; Health and Fitness; Recreational
Property Description

DEVELOPMENT OPPORTUNITY - the Presidio Trust is accepting proposals for 935 Mason Street. This historic building (circa 1921) was the original aero maintenance shop for Crissy Airfield. Building 935 is a steel-frame structure with a concrete slab floor and roof. 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.

Consistent with the Presidio Trust Management Plan, the preferred uses for this building are cultural, educational, recreational and visitor-serving. Cultural and educational uses may include museums, artist or craft workshops, education or instructional programs, and special event venues. Recreational uses may include a variety of uses related to sports, health and fitness. Other visitor-serving uses, such as retail that is related to cultural, educational or recreational uses, may also be considered, along with food service such as restaurants and cafés. Small accessory offices required for the operation of preferred uses are permitted, but general office, child care and residential uses are not. Respondents are encouraged to indicate how they will respond the to Trust's interest in providing access to the general public.

Crissy Field, the "front yard" of the Presidio of San Francisco, is one of the most prominent public spaces on the West Coast. The area enjoys striking views of the Golden Gate and San Francisco Bay, a rich cultural history and sense of place, and thriving natural ecosystems. Crissy Field is one of the most popular visitor destinations in the San Francisco Bay Area. The Trust will entertain proposals for any building alone or in combination with other buildings.

Please visit http://www.presidio.gov/directions/parking.htm for information about metered parking in the Presidio.

Doyle Drive is being re-envisioned as the Presidio Parkway, a roadway tucked into the natural contours of the Presidio of San Francisco and the Golden Gate National Recreation Area. This project is a collaborative effort led by the California Department of Transportation, the San Francisco County Transportation Authority, and the Federal Highway Administration. Please visit http://www.presidioparkway.org/ for information and updates.

Tenant Selection Criteria
  • Responsiveness to the Trust's stated project objectives
  • Consistency with the planning principles and preferred uses articulated in PTMP, contribution to the visitor experience, and responsiveness to the general objectives of the General Management Plan Amendment
  • Compatibility with the draft "Building and Site Rehabilitation Guidelines" (Appendix B)
  • Qualifications and experience of respondents
  • Financial capability and business terms
Location Map

West Crissy Locator Map

For more information call 415 561-5335