WILLIAMS & WILLIAMS REAL ESTATE AUCTIONS

Office/Retail Near "The Hub"

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Auction Info
Auction Date/Time:
Friday, March 29, 2019
at 12:00pm PDT
Auction Location:
On-Site or bid live from anywhere at auctionnetwork.com
Open Public Inspections:
11-2pm Friday March 1 & 15

Property is being offered by: Williams & Williams7140 S. Lewis Ave Ste 200, Tulsa, OK 74136800.801.8003

Square footage & lot size per county records. CA Broker: Jeff Ashby Re Lic 01526627

Note: A Buyer’s Premium (Buyer’s Fee in WI) will apply for this property. Buyer pays a $199 Technology Fee at closing. Please see Terms of Sale for details.

Property Type:
Office/Retail
Square Footage:
9,580+/- sf
Lot Size:
0.05+/- ac
Year Built:
1909
Property ID:
354144
Live On Location
131 Franklin Street
San Francisco, CA 94102
Property Type:Office/Retail
Description:9,580+/- sf | 0.05+/- ac
Sign In To Bid
Auctions Mar 29 at 12:00pm PDT
131 Franklin Street, San Francisco, CA 94102

Rare San Francisco gem with vertical development opportunity! Desirable location on hard corner just steps from SoMa District and “the Hub.” There is international appeal for this historic building and new owners have the opportunity to develop additional multifamily on top of 75% of the existing retail/office space. Preliminary planning with San Francisco city officials have indicated it would encourage the addition of residential units.

Originally built to be the headquarters of a purveyor of fine pianos, the design of the building is as exquisite as the instruments it once held – even the building’s exterior features fanciful piano keyboard molding. Many upgrades contribute to the building’s current modern take – preserved brick walls and 16-foot ceilings on the third floor create a loft space perfect for corporate meetings or small venue for entertaining and get-togethers.

HVAC upgrades were made to service each floor individually and there is a brand new sophisticated programmable security system with electronic locking and 1,200 lb locks. The system has motion, sound and camera detectors. The hardwood sub-floor on all 3 floors is original 1909 construction, with 4 inch thick mahogany, refinished in 2009. In addition to additional structural support, the building’s basement has been upgraded with a new server room, file room and vault.

The property also offers an opportunity for high profile signage. 131 Franklin keeps good company: The immediate area contains tech firms such as Twitter, Zendesk, Dolby, One Kings Lane, Uber and WeWork. The property is well supported by MUNI and B.A.R.T with direct access to all parts of San Francisco, Oakland, Silicon Valley, the East Bay and all the airports in the area.

Also within walking distance is the newly constructed SF Jazz Center, the world famous Davies Symphony Hall, SF Ballet, the War Memorial Opera House, Bill Graham Civic Auditorium and the Orpheum Theater. Across the street is the exclusive French American and Chinese American School and the San Francisco Conservatory of music.

Click here to fill out a Confidentiality & Non-Reliance agreement to receive the Due Diligence Materials

Auctioneer's Note
It’s a rare opportunity that well situated commercial building with tremendous upside potential actually comes to auction. The seller has been an excellent steward to this property and desires to have a successful transaction at the time of the auction. The seller chose to auction the property to provide an open and transparent transaction that gives all parties equal opportunity to acquire the property. Please proceed with due diligence and with confidence.

Questions?

This individual seller chose to auction their property for a time-definite sale. If you have a property to sell, please contact Customer Service at 800.801.8003

Live On Location
131 Franklin Street
San Francisco, CA 94102
Property Type:Office/Retail
Description:9,580+/- sf | 0.05+/- ac
Sign In To Bid
Auctions Mar 29 at 12:00pm PDT

Property is being offered by: Williams & Williams7140 S. Lewis Ave Ste 200, Tulsa, OK 74136800.801.8003

Square footage & lot size per county records.

CA Broker: Jeff Ashby Re Lic 01526627

Auction Date/Time:
Friday, March 29, 2019
at 12:00pm PDT
Auction Location:
On-Site or bid live from anywhere at auctionnetwork.com
Open Public Inspections:
11-2pm Friday March 1 & 15

Note: A Buyer’s Premium (Buyer’s Fee in WI) will apply for this property. Buyer pays a $199 Technology Fee at closing. Please see Terms of Sale for details.

Property Type:
Office/Retail
Bedrooms:
N/A
Bathrooms:
N/A
Square Footage:
9,580+/- sf
Lot Size:
0.05+/- ac
Year Built:
1909
Property ID:
354144
131 Franklin Street, San Francisco, CA 94102

Rare San Francisco gem with vertical development opportunity! Desirable location on hard corner just steps from SoMa District and “the Hub.” There is international appeal for this historic building and new owners have the opportunity to develop additional multifamily on top of 75% of the existing retail/office space. Preliminary planning with San Francisco city officials have indicated it would encourage the addition of residential units.

Originally built to be the headquarters of a purveyor of fine pianos, the design of the building is as exquisite as the instruments it once held – even the building’s exterior features fanciful piano keyboard molding. Many upgrades contribute to the building’s current modern take – preserved brick walls and 16-foot ceilings on the third floor create a loft space perfect for corporate meetings or small venue for entertaining and get-togethers.

HVAC upgrades were made to service each floor individually and there is a brand new sophisticated programmable security system with electronic locking and 1,200 lb locks. The system has motion, sound and camera detectors. The hardwood sub-floor on all 3 floors is original 1909 construction, with 4 inch thick mahogany, refinished in 2009. In addition to additional structural support, the building’s basement has been upgraded with a new server room, file room and vault.

The property also offers an opportunity for high profile signage. 131 Franklin keeps good company: The immediate area contains tech firms such as Twitter, Zendesk, Dolby, One Kings Lane, Uber and WeWork. The property is well supported by MUNI and B.A.R.T with direct access to all parts of San Francisco, Oakland, Silicon Valley, the East Bay and all the airports in the area.

Also within walking distance is the newly constructed SF Jazz Center, the world famous Davies Symphony Hall, SF Ballet, the War Memorial Opera House, Bill Graham Civic Auditorium and the Orpheum Theater. Across the street is the exclusive French American and Chinese American School and the San Francisco Conservatory of music.

Click here to fill out a Confidentiality & Non-Reliance agreement to receive the Due Diligence Materials

Auctioneer's Note
It’s a rare opportunity that well situated commercial building with tremendous upside potential actually comes to auction. The seller has been an excellent steward to this property and desires to have a successful transaction at the time of the auction. The seller chose to auction the property to provide an open and transparent transaction that gives all parties equal opportunity to acquire the property. Please proceed with due diligence and with confidence.

Questions?

This individual seller chose to auction their property for a time-definite sale. If you have a property to sell, please contact Customer Service at 800.801.8003

Terms of Sale:

Thank you for participating in this Williams & Williams Auction. It is important that you familiarize yourself with the terms and conditions as all sales are final and irrevocable. The terms of sale are non-negotiable. Good luck and good bidding!

Registration at the auction (online and/or in person) finalizes each bidder's agreement to the terms and conditions of sale as stated in the Contract and its Addenda which are incorporated by reference into your bidding. Do not bid until you have read the terms and conditions. The High Bidder will be required to pay a Williams & Williams Technology Fee of $199 at closing. By bidding you are representing to Williams & Williams ("Broker" and/or "Auctioneer") and the seller that you have read and agree to be bound by the terms and conditions for this sale as stated herein. DO NOT BID unless you have registered, received a Bidder's Card and Auction Day Notes, and have read and agreed to be bound by the terms of sale in the Contract as they are enforceable against you upon becoming a high bidder.

All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale. Williams & Williams represents the Sellers only and does not inspect properties on bidder's behalf. Read the Contract and Auction Day Notes to determine the existence of any disclosures, exclusions, representations and disclaimers. Do not bid if you have not inspected the property(s). By bidding you agree to all disclosures.

Buyers receive a deed and Title Insurance Policy as provided by the Closer indicated in the Contract (any mobile/manufactured housing not legally affixed to the property shall only be conveyed by a Hold Harmless Agreement or Quit Claim Bill of Sale unless otherwise noted in the Disclosures). Current year's taxes are pro-rated through day of closing as is customary.

A Buyer's Premium of 5% ($10,000 minimum) will be added to the high bid and included in the total purchase price.

Each high bidder must make a 10% non-refundable deposit per property ($5,000 MINIMUM - whichever is greater) immediately following auction. Cash, cashier's checks, personal checks and business checks (electronically processed) are accepted. If you are a resident / citizen of a country outside of the US, certified funds (bank check, wire transfer, certified checks) are required for the down payment and closing. The balance of the purchase price, all closing costs, and the Technology Fee are due at closing. Closing costs generally range from $750-$3000 and include title exam, title policy, closing fee, filing costs and any other fees noted unless otherwise noted in the Contract.

The Parties acknowledge Buyer will tender the Down Payment in the form of a certified check, cashier’s check, money order, or personal/business check, and said instrument will be made payable to the Escrow Agent, or a wire shall be sent directly to the Escrow Agent, if permitted by the Contract. In those instances where the Down Payment instrument was transmitted to the Auctioneer, Auctioneer shall transmit the Down Payment instrument to the Escrow Agent upon Seller’s acceptance of Buyer’s offer. The Down Payment shall be held by Escrow Agent and disbursed to the Closer identified in the Contract for Sale prior to the Closing Date and following clearance of funds by the issuing financial institution.  Interest, if any, earned on the Down Payment shall be deemed part of the Down Payment and shall be applied together with the principal portion of the Down Payment to the Purchase Price.  The Parties agree that upon a fully executed Contract, the Down Payment is non-refundable, and, at Seller’s request, shall immediately be released to Seller in accordance with the Contract for Sale.

If Seller accepts Buyer’s high bid, then the Contract for Sale shall continue in full force and effect and the Closing Date shall occur no later than thirty (30) days following the date of Seller’s acceptance, except as otherwise may be allowed in accordance with the terms of the Contract for Sale. Buyer(s) and Seller agree that Seller may terminate the Contract for Sale, in Seller’s sole and absolute discretion, in the event the Seller does not accept the Buyer’s high bid.   BUYER UNDERSTANDS AND AGREES IF SELLER HAS PERFORMED SELLER'S OBLIGATIONS UNDER THE CONTRACT FOR SALE, AND IF AT CLOSING THE BUYER FAILS TO PAY THE BALANCE OF THE PURCHASE PRICE OR TO PERFORM ANY OTHER OBLIGATIONS UNDER THE CONTRACT FOR SALE, THE DOWN PAYMENT WILL BE DISBURSED PURSUANT TO OF THE CONTRACT FOR SALE.  BUYER HEREBY DIRECTS ESCROW AGENT AND CLOSER TO DISBURSE THE DOWN PAYMENT FUNDS PURSUANT TO THE TERMS OF THE CONTRACT FOR SALE HEREIN.

Bidding starts at the nominal Opening Bid(s) indicated and is open to the public. The Auctioneer reserves the right to group, add to, delete, withdraw, consolidate or break down lots and/or quantities offered, to sell out of scheduled sequence, to reject any bid which is only a fraction advance over the preceding bid, to regulate bidding, to accept or reject any or all bids, and to cancel or re-schedule an auction. The Auctioneer will call the sale and control any increments of bidding. To make a bid, raise your hand or Bid Card to be recognized. The bidding usually takes less than 3 minutes for each property. Absentee bids may be accepted at the discretion of the Auctioneer. The Auctioneer reserves the right to enter bids on behalf of absentee bidders. Any mistakes during bidding as to who has the high bid and/or at what price may be called to the Auctioneer's attention and corrected. The Auctioneer is the sole arbiter and controller of the conduct of the auction and shall be the final and absolute authority without liability to any party.

Your inspection of the property(ies) and attendance at this auction are at your own risk. Broker and Seller, their agents and employees, expressly disclaim any "invitee" relationship and shall not be liable to any person for damage to their person or property while in, on or about these properties, nor shall they be liable for any defects, dangers or conditions on the property(ies). All persons enter the property(ies) and attend the auction at their own risk and shall defend, indemnify, and save harmless Broker and Seller, their agents and employees, from any and all liability attendant thereto.

All the information contained on this property was obtained from official county maps or other sources deemed reliable but is not guaranteed and may be in error. Seller DOES NOT WARRANT the accuracy thereof. Seller has made no independent investigation of any information provided and assumes no responsibility for the providing of or absence of any information, whatsoever, or for the accuracy thereof.

All auctions are subject to court or seller approval. Seller has (7) business days in which to accept or reject the high bid received at auction and Buyer’s high bid is irrevocable during this time. Buyers are not allowed possession until Closing and filing of the deed, at which time the property should be re-keyed. If for any reason the court or Seller approval is not granted, the Down Payment shall be returned in its entirety to the high bidder. "Showing" requests from Buyers after the auction may not be able to be accommodated.

If more than one property is being auctioned, the Auctioneer may choose to offer a group of the properties for auction at the same time. This is called "BUYER'S CHOICE" and is to accommodate buyers who have an interest in more than one property and/or have 2nd and 3rd choices if they are out bid for a favorite property. Upon winning the bid, please choose which property, or properties, you want. You pay the high bid price for each property selected. Each sale is final and stands alone. Remaining properties are then offered in another round of bidding. Anyone may bid at any time, including prior High Bidders.

Williams & Williams and the Seller expressly disclaim any liability for errors, omissions or changes regarding any information provided for these sales. Please read the Contract and Auction Day Notes for a full and complete understanding of Williams & Williams and Seller's disclaimers. Bidders are strongly urged to rely solely upon their own inspections and opinions in preparing to purchase property and are expressly advised to not rely on any representations made by the Seller or their agents and employees. Property information may change without notice and potential purchasers should investigate all data fully before relying upon it.

 Auction Network
TERMS & CONDITIONS OF SERVICE

The property offered in this auction will be offered and sold by Williams & Williams Marketing Services, Inc. ("Williams & Williams"). Any questions regarding the auction process or a property should be directed to Williams & Williams or its designated representative. Auction Network, LLC ("Auction Network") serves solely as the online bidding service (the "Service") for Williams & Williams. Your use of the Service is governed by these Auction Network Terms & Conditions of Service, and the Auction Network Terms of Use located at the following URL: https://www.auctionnetwork.com/Site/TermsOfUse.asp, as amended from time-to-time by posted notices or oral announcements made during any auction.

Williams & Williams serves as the auctioneer, and represents the owner of the property at auction. The auction and conveyance of each property shall be governed by property specific Contract for Sale, Auction Day Notes, Disclosures, and the Williams & Williams Terms & Conditions of Sale. These documents govern your bid and the sale of each property, and can be accessed and reviewed at the Williams & Williams property specific web page.

DO NOT BID unless you have read the Williams & Williams Terms & Conditions of Sale, the Contract for Sale, Property Disclosures, and the Auction Day Notes for each property. BY PLACING YOUR BID, YOU AGREE TO BE BOUND BY THE PROPERTY SPECIFIC CONTRACT FOR SALE, DISCLOSURES, AUCTION DAY NOTES, AND THE WILLIAMS & WILLIAMS TERMS & CONDITIONS OF SALE.

Auction Network, Williams & Williams and the Seller are not responsible for technical difficulties during online or remote bidding. Occasionally, the Auction Network online bidding interface may be unable to submit bids in the live auction due technical difficulties including, without limitation, the lack of sufficient communication infrastructure at the location of the live auction. Online bidders are advised to place an absentee bid at least 1 day prior to the live auction to ensure their bid is entered into the live auction on the online bidder's behalf.

In the event of any conflict between Auction Network's Terms & Conditions of Service and the Williams & Williams Terms & Conditions of Sale, the Williams & Williams Terms & Conditions of Sale shall control in each instance.

Auction Network has no authority to, and does not provide, any guarantee, warranty, or covenant, of any kind or nature, regarding a property. Per the Williams & Williams Terms & Conditions of Sale, all properties auctioned are otherwise sold "AS-IS, WHEREIS" without any representation or warranty, express or implied, of any kind by Williams & Williams, Auction Network, or the respective seller, and with no financing, inspection or other contingencies to sale. Buyers must conduct their own due diligence and investigation of each property and must also investigate the suitability of each parcel prior to making a bid and purchase at the auction. Buyers must rely solely upon their own investigation and not any information provided by the Seller or Williams & Williams. Failure of a Buyer to be fully informed on the condition of a property will not constitute grounds for any claim adjustment or right to cancel sale.

Neither Auction Network nor Williams & Williams assumes any risk, liability or responsibility for the authenticity of the authorship of any property or livestock offered at this auction (that is, the identity of the creator or the period, culture, source or origin, or lineage, as the case may be, with which the creation of any property is identified).

The auctioneer has the right at his or her absolute and sole discretion to refuse any bid, to advance the bidding in such a manner as he or she may decide, to withdraw or divide any lot, to combine any two or more lots and, in the case of error or dispute, and whether during or after the sale, to determine the successful bidder, to continue the bidding, to cancel the sale or to reoffer and resell the item in dispute. If any dispute arises after the sale, our sale record is conclusive.

Any property may be withdrawn by Auction Network or Williams & Williams at any time before the actual sale without any liability therefore. If the auctioneer determines that any opening bid is not commensurate with the value of the article offered, he or she may reject the same and withdraw the article from sale, and if, having acknowledged an opening bid, he or she decides that any advance thereafter is insufficient, he or she may reject such advance.

These Auction Network Terms & Conditions of Service, Terms & Conditions of Use, Williams & Williams' Terms & Conditions of Sale, as well as the online buyer's rights and obligations hereunder, shall be governed by and construed and enforced in accordance with the laws of the State of Oklahoma. By bidding at this auction, whether in person or by agent, order bid, telephone, online, or other means, the buyer shall be deemed to have consented to the exclusive jurisdiction of the state and federal courts sitting in the State of Oklahoma.

You are registering to bid on the following properties, and as stated above, your bid, and the sale of the property, will be governed by the property specific Williams & Williams Contract for Sale, Disclosures, Auction Day Notes, and Terms & Conditions of Sale. Each of these documents are available for your review at the Williams & Williams property specific web page. DO NOT BID unless and until you review these documents. BY PLACING YOUR BID, YOU AGREE TO BE BOUND BY THE PROPERTY SPECIFIC CONTRACT FOR SALE, DISCLOSURES, AUCTION DAY NOTES, AND THE WILLIAMS & WILLIAMS TERMS & CONDITIONS OF SALE.

Disclosures:
• All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale.

• Personal Property will be included in the sale of the real estate, and Buyer shall be responsible for payment of all applicable state and local taxes on the sale of the personal property at closing. Neither Williams & Williams nor the seller will be responsible for any lost or missing personal property at the time of closing. All personal property is sold 'as is', 'where is' with all faults not subject to any warranty implied or otherwise provided in the Uniform Commercial Code for the sale of goods.

• Water/Energy Conservation Inspection. The Property is subject to the San Francisco energy and water conservation requirements. Energy and water conservation inspections will be ordered, and the results presented to the Buyer prior to closing. Buyer is purchasing the property as-is, where-is, and assumes responsibility for all costs of remediation, which may or may not include entering into a written agreement with the Seller confirming assumption of responsibility, submitting notice of escrow account (Form C) to the city, escrowing of funds equal to 1% of the purchase price, and any other requirements. Any and all required repairs must be complete and compliant within 180 days of transfer of title. Both Seller and Buyer agree to terms set forth in the ordinance.

Map

Fontana Fitzwilson
Fontana Fitzwilson
Executive Vice President, Sales
PHONE
Selling your property? Find out if auction works for you.
Call 800.801.8003.
Selling your property? Find out if auction works for you.
Call 800.801.8003.