Presented by Michael Barnacle & Gary Tribulato

Exceptional San Francisco Investment

44 Page Street, San Francisco

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$13,750,000

SIGNATURE BUILDING - WAITING FOR NEW OWNERSHIP

In the Heart of San Francisco's Arts, Cultural, and Governmental Center
Building History & Architecture

Built in 1912 as the New Druid Temple — a Renaissance Revival structure with Second Empire influence that served as the ceremonial seat of California’s “Supreme Grove” — 44 Page Street was expanded in 1984 with three additional floors of office suites, bringing it to six floors and more than 36,000 square feet. The lower three floors hold grand, high-ceilinged ceremonial and loft spaces used for rehearsal, performance, and classroom use; the upper three house office suites leased to a mix of nonprofit and commercial tenants, providing an established income component. 

Known since 2005 as the Kanbar Performing Arts Center, the building has been thoughtfully adapted for institutional and cultural use while preserving its exceptional architectural character. The Kanbar name will not remain with the property.

Why This Asset, Why Now?

44 Page Street — pairs purpose-built performing-arts infrastructure with an irreplaceable location in San Francisco’s cultural core, offered on a flexible delivery structure that suits owner-users, mission buyers and repositioning investors alike.

  • Irreplaceable performing-arts infrastructure. Approximately 13,500 square feet of rehearsal and assembly halls on floors one through three in varied sizes, complemented by dedicated office space, a configuration that is rare in San Francisco and costly and slow to replicate. The upper three floors add additional office leasing income from other nonprofits and other commercial tenants. The total building area is 36,184 SF.  
  • Heart of the performing-arts district. Steps from Davies Symphony Hall, the SF Conservatory of Music, the War Memorial Opera House and the Ballet, in a transit-rich Civic Center / Hayes Valley setting. 44 Page sits on the north side of the street and is bounded by Gough Street to the West and Franklin Street to the East.
  • Flexible possession with transitional income. The current anchor will lease back for up to two years, providing interim income while a buyer plans, permits, and designs, and possession may arrive early as the tenant relocates. See the Executive Summary page for financial highlights
  • Turnkey for owner-users. The large-room-plus-office layout serves congregations, private and specialty schools, peer arts and education nonprofits, and cultural or membership organizations seeking a headquarters with assembly capacity. It is also adaptable for a variety of other uses.
  • Multiple ready-built assembly halls or performance spaces. Sound-isolated rooms, with ceiling heights of 20 feet or more. 
  • In-place rental demand. An existing facilities-rental program demonstrates third-party demand for the halls and supports an income overlay. Separate 3rd-party office rentals on the upper three floors.
  • Repositioning optionality. Vacant possession within two years supports creative office, education, or event reuse.
  • Scarcity and fundamentals. Institutional-quality assembly space seldom trades in San Francisco.

Property Details

Bedrooms 0
Bathrooms 0
Square Feet 36,186 sq ft
Neighborhood Hayes Valley, San Francisco

Executive Summary

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Video Tour

Floor Plan

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Explore the Neighborhood

Once a gritty urban hub, today's Hayes Valley offers an eclectic mix of architectural styles, shops and restaurants, and a wonderfully diverse group of neighbors. Where the Central Freeway once roared into San Francisco, there is now a wide, tree-lined boulevard and little park called Patricia's Green, which offers a peaceful respite in the midst of a very vibrant street scene. Neighboring Duboce Park is a magnet for dogs and people. Hayes Valley can feel like two neighborhoods in one. Davies Symphony Hall and the War Memorial Opera House sit at the eastern edge of the neighborhood and attract well-heeled visitors from all over the world. The tony shopping and dining along Hayes Street can be decidedly upscale, while a few blocks north, Haight Street's dive bars and funky shops attract hip locals and curious tourists. The neighborhood offers all the transit options one would expect for such a centrally located area, and freeway access could not be easier. Flat streets and proximity to Market Street make the area especially appealing to cyclists. Victorian, Queen Anne, and Edwardian townhouses are bountiful here, along with the occasional new development. Urban explorers delight in finding hidden treasures in the quaintly named alleys that crisscross Hayes Valley, like Lily, Ivy, and Rose Streets. Like the neighborhood itself, they offer a glimpse of old fashioned charm in the heart of our booming metropolis.

Michael Barnacle

Corcoran Icon Properties

DRE:
#01923867
Mobile:
(415) 515-5542
Office:
(415) 515-5542

michaelbarnacle.com

Gary Tribulato

Corcoran Icon Properties

Realtor® Associate

DRE:
#01220884
Mobile:
415.828.7814
Office:
415.552.9500

www.garytribulato.com

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