Presented by Michael Barnacle & Gary Tribulato
Exceptional San Francisco Investment
44 Page Street, San Francisco
|$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 — a six-story, ±35,493 SF multi-tenant office building in the heart of San Francisco’s cultural core: three full floors of in-place office income above three high-ceilinged floors of purpose-built performance and assembly space that convert readily to premium creative workspace.
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 — a six-story, ±35,493 SF multi-tenant office building in the heart of San Francisco’s cultural core: three full floors of in-place office income above three high-ceilinged floors of purpose-built performance and assembly space that convert readily to premium creative workspace.
- Three full floors of office income in place. Floors four through six are conventional multi-tenant office suites leased to a mix of nonprofit and commercial tenants, producing established income from day one. Two suites are currently offered for lease, adding immediate lease-up upside.
- High-ceiling office conversion on floors one through three. Approximately 13,500 square feet of grand assembly and rehearsal halls with clear heights of roughly 10 to 20 feet — volumes no modern office building delivers. The renderings in Section 05 illustrate these rooms reimagined as loft-style creative office and collaborative workspace.
- Purpose-built performance space, kept or reimagined. Sound-isolated halls in varied sizes with ceiling heights of 20 feet or more — a configuration that is rare in San Francisco and costly and slow to replicate, and equally suited to a buyer who intends to keep the halls in cultural use.
- 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 the conversion, and possession may arrive early as the tenant relocates. See the Executive Summary page for financial highlights.
- 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.
- Turnkey for owner-users. The office-over-assembly layout suits professional and creative office users, private and specialty schools, peer arts and education nonprofits, and cultural or membership organizations seeking a headquarters with assembly capacity.
- Scarcity and fundamentals. Neither high-ceiling office volume nor institutional-quality assembly space of this scale trades often in San Francisco.
Executive Summary
Exceptional Opportunity for an Owner/User, or Investor
The building's split personality is its greatest asset. The lower three floors offer grand, high-ceilinged (10-20 ft) ceremonial and loft spaces, flooded with volume and light and equally suited to rehearsal, performance, classroom, event, gallery, or creative studio use. The upper three floors house a curated mix of nonprofit and commercial office tenants, delivering an established, in-place income stream from day one. The result is a rare offering that pairs inspiring, adaptable program space below with dependable cash flow above. The basement offers extensive storage.
All Property Photos
Video Tour
Floor Plan
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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Michael Barnacle
Corcoran Icon Properties
- DRE:
- #01923867
- Mobile:
- (415) 515-5542
- Office:
- (415) 515-5542
michael.barnacle@corcoranicon.com
michaelbarnacle.comGary Tribulato
Corcoran Icon Properties
Realtor® Associate
- DRE:
- #01220884
- Mobile:
- 415.828.7814
- Office:
- 415.552.9500