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Merchants Exchange Building 465 California St 375 - 35,562 SF of 4-Star Office Space Available in San Francisco, CA 94104

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HIGHLIGHTS

  • Creative offices from 350 to 16,000 square feet featuring open-concept layouts, lots of natural light, and premier North Fidi Location
  • Ownership offering Flexible and Aggressive Deal Terms
  • Redefining the concept of the Historic Class A building,
  • The building has been meticulously updated with ample amenities and modern design.
  • Central location, a modern infrastructure, and premier customer service.
  • The North Fidi staple has been a center of the city’s civic, economic, political, and cultural life for over 100 years

ALL AVAILABLE SPACES(10)

Display Rental Rate as

  • SPACE
  • SIZE
  • TERM
  • RENTAL RATE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 3rd Floor, Ste 350
  • 6,388 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • Full Build-Out
  • Now

Suite 350 has a breakout room, a large conference room, an open area, an IT closet, and a remodeled kitchen. Table, desks (sit/stand), and chairs are included.

  • Rate includes utilities, building services and property expenses
  • Open Floor Plan Layout
  • 34 Workstations
  • Space is in Excellent Condition
  • Private Restrooms
  • Smoke Detector
  • 4 Sides of Glass with Ample Natural Light
  • Open Area Break Room
  • Fully Built-Out as Standard Office
  • 1 Conference Room
  • Finished Ceilings: 11’
  • Central Air Conditioning
  • Natural Light
  • 11 Ft Ceilings
  • Remodeled Kitchen
  • 4th Floor, Ste 433
  • 469 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • Full Build-Out
  • 2026-09-30

Suite 433 is composed of 327 RSF and is a single room along an internal lightwell.

  • Rate includes utilities, building services and property expenses
  • Open Floor Plan Layout
  • Space is in Excellent Condition
  • Security System
  • Single open room
  • Fully Built-Out as Standard Office
  • Finished Ceilings: 11’
  • Central Air Conditioning
  • Smoke Detector
  • Along internal lightwell
  • 4th Floor, Ste 470
  • 1,371 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • Full Build-Out
  • Now

Traditional layout, 6 private offices/meeting rooms, kitchenette.

  • Rate includes utilities, building services and property expenses
  • Open Floor Plan Layout
  • Central Air Conditioning
  • 1,371 RSF
  • Kitchenette
  • Fully Built-Out as Standard Office
  • Finished Ceilings: 11’
  • Smoke Detector
  • 6 private offices/meeting rooms
  • 4th Floor, Ste 475
  • 3,179 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • Full Build-Out
  • Now

Suite 475 is an efficient space with 6 offices and a kitchen.

  • Rate includes utilities, building services and property expenses
  • 6 Private Offices
  • Finished Ceilings: 11’
  • Plug & Play
  • Private Restrooms
  • Smoke Detector
  • Refurbished Kitchen
  • Fully Built-Out as Standard Office
  • Conference Rooms
  • Space is in Excellent Condition
  • Central Air Conditioning
  • Natural Light
  • Landlord Can Provide Furniture
  • Interior Windows with Natural Light
  • 6th Floor, Ste 611
  • 2,506 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • -
  • Now

Modernized creative office with 5 glass conference rooms/offices.

  • Space is in Excellent Condition
  • Smoke Detector
  • Central Air Conditioning
  • 6th Floor, Ste 612
  • 375 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • Full Build-Out
  • Now

Suite 612 is composed of 375 RSF. It has 2 private rooms and is along an internal lightwell.

  • Rate includes utilities, building services and property expenses
  • Open Floor Plan Layout
  • Space is in Excellent Condition
  • Smoke Detector
  • Along internal lightwell
  • Fully Built-Out as Standard Office
  • Finished Ceilings: 11’
  • Central Air Conditioning
  • 2 private rooms
  • 8th Floor, Ste 809
  • 1,505 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • Full Build-Out
  • Now

Suite 809 is composed of 1,255 RSF. It has an open plan, with 2 private offices, kitchenette and has a window-line along internal lightwell. This efficient space is furnished with 8 desks/chairs and 2 conference room set ups.

  • Rate includes utilities, building services and property expenses
  • Open Floor Plan Layout
  • 8 Workstations
  • Space is in Excellent Condition
  • Natural Light
  • Interior Windows with Natural Light
  • New Carpet & Paint
  • Fully Built-Out as Standard Office
  • 2 Conference Rooms
  • Finished Ceilings: 11’
  • Central Air Conditioning
  • Smoke Detector
  • Refurbished Kitchenette
  • 8th Floor, Ste 815
  • 642 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • Full Build-Out
  • Now

Suite 815 is composed of 642 square feet. It is a single open room with a storage closet.

  • Rate includes utilities, building services and property expenses
  • Open Floor Plan Layout
  • Space is in Excellent Condition
  • Smoke Detector
  • Storage closet
  • Fully Built-Out as Standard Office
  • Finished Ceilings: 11’
  • Central Air Conditioning
  • Single open room
  • 11th Floor, Ste 1100
  • 16,324 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • Full Build-Out
  • Now

Suite 1100 has 1 private office/breakout room, 7 large conference rooms, ample open area, and an updated kitchen. There are 118 sit/stand desks.

  • Rate includes utilities, building services and property expenses
  • Open Floor Plan Layout
  • 7 Conference Rooms
  • Finished Ceilings: 12’
  • Central Air Conditioning
  • Natural Light
  • 12 Ft Ceilings
  • 7 Sides of Glass with Ample Natural Light
  • Fully Built-Out as Standard Office
  • 1 Private Office
  • 118 Workstations
  • Space is in Excellent Condition
  • Private Restrooms
  • Smoke Detector
  • Open Area
  • Updated Kitchen
  • 14th Floor, Ste 1401
  • 2,803 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • Full Build-Out
  • 2026-02-01

Suite has a total of 16 Offices, Breakout Room/Conference Rooms and there is 7 sides of glass with ample natural light.

  • Rate includes utilities, building services and property expenses
  • Open Floor Plan Layout
  • 2 Conference Rooms
  • Plug & Play
  • Private Restrooms
  • Smoke Detector
  • Ample Natural Light
  • Furnishings Available
  • Fully Built-Out as Standard Office
  • 13 Private Offices
  • Finished Ceilings: 12’
  • Central Air Conditioning
  • Natural Light
  • 12 Ft Ceilings
  • Modern All Hands Kitchen
Space Size Term Rental Rate Space Use Condition Available
3rd Floor, Ste 350 6,388 SF Negotiable Upon Request Upon Request Upon Request Upon Request Office Full Build-Out Now
4th Floor, Ste 433 469 SF Negotiable Upon Request Upon Request Upon Request Upon Request Office Full Build-Out 2026-09-30
4th Floor, Ste 470 1,371 SF Negotiable Upon Request Upon Request Upon Request Upon Request Office Full Build-Out Now
4th Floor, Ste 475 3,179 SF Negotiable Upon Request Upon Request Upon Request Upon Request Office Full Build-Out Now
6th Floor, Ste 611 2,506 SF Negotiable Upon Request Upon Request Upon Request Upon Request Office - Now
6th Floor, Ste 612 375 SF Negotiable Upon Request Upon Request Upon Request Upon Request Office Full Build-Out Now
8th Floor, Ste 809 1,505 SF Negotiable Upon Request Upon Request Upon Request Upon Request Office Full Build-Out Now
8th Floor, Ste 815 642 SF Negotiable Upon Request Upon Request Upon Request Upon Request Office Full Build-Out Now
11th Floor, Ste 1100 16,324 SF Negotiable Upon Request Upon Request Upon Request Upon Request Office Full Build-Out Now
14th Floor, Ste 1401 2,803 SF Negotiable Upon Request Upon Request Upon Request Upon Request Office Full Build-Out 2026-02-01

3rd Floor, Ste 350

Size
6,388 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Floor, Ste 433

Size
469 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Full Build-Out
Available
2026-09-30

4th Floor, Ste 470

Size
1,371 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Floor, Ste 475

Size
3,179 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Full Build-Out
Available
Now

6th Floor, Ste 611

Size
2,506 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
-
Available
Now

6th Floor, Ste 612

Size
375 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Full Build-Out
Available
Now

8th Floor, Ste 809

Size
1,505 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Full Build-Out
Available
Now

8th Floor, Ste 815

Size
642 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Full Build-Out
Available
Now

11th Floor, Ste 1100

Size
16,324 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Full Build-Out
Available
Now

14th Floor, Ste 1401

Size
2,803 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Full Build-Out
Available
2026-02-01

3rd Floor, Ste 350

Size 6,388 SF
Term Negotiable
Rental Rate Upon Request
Space Use Office
Condition Full Build-Out
Available Now

Suite 350 has a breakout room, a large conference room, an open area, an IT closet, and a remodeled kitchen. Table, desks (sit/stand), and chairs are included.

  • Rate includes utilities, building services and property expenses
  • Fully Built-Out as Standard Office
  • Open Floor Plan Layout
  • 1 Conference Room
  • 34 Workstations
  • Finished Ceilings: 11’
  • Space is in Excellent Condition
  • Central Air Conditioning
  • Private Restrooms
  • Natural Light
  • Smoke Detector
  • 11 Ft Ceilings
  • 4 Sides of Glass with Ample Natural Light
  • Remodeled Kitchen
  • Open Area Break Room

4th Floor, Ste 433

Size 469 SF
Term Negotiable
Rental Rate Upon Request
Space Use Office
Condition Full Build-Out
Available 2026-09-30

Suite 433 is composed of 327 RSF and is a single room along an internal lightwell.

  • Rate includes utilities, building services and property expenses
  • Fully Built-Out as Standard Office
  • Open Floor Plan Layout
  • Finished Ceilings: 11’
  • Space is in Excellent Condition
  • Central Air Conditioning
  • Security System
  • Smoke Detector
  • Single open room
  • Along internal lightwell

4th Floor, Ste 470

Size 1,371 SF
Term Negotiable
Rental Rate Upon Request
Space Use Office
Condition Full Build-Out
Available Now

Traditional layout, 6 private offices/meeting rooms, kitchenette.

  • Rate includes utilities, building services and property expenses
  • Fully Built-Out as Standard Office
  • Open Floor Plan Layout
  • Finished Ceilings: 11’
  • Central Air Conditioning
  • Smoke Detector
  • 1,371 RSF
  • 6 private offices/meeting rooms
  • Kitchenette

4th Floor, Ste 475

Size 3,179 SF
Term Negotiable
Rental Rate Upon Request
Space Use Office
Condition Full Build-Out
Available Now

Suite 475 is an efficient space with 6 offices and a kitchen.

  • Rate includes utilities, building services and property expenses
  • Fully Built-Out as Standard Office
  • 6 Private Offices
  • Conference Rooms
  • Finished Ceilings: 11’
  • Space is in Excellent Condition
  • Plug & Play
  • Central Air Conditioning
  • Private Restrooms
  • Natural Light
  • Smoke Detector
  • Landlord Can Provide Furniture
  • Refurbished Kitchen
  • Interior Windows with Natural Light

6th Floor, Ste 611

Size 2,506 SF
Term Negotiable
Rental Rate Upon Request
Space Use Office
Condition -
Available Now

Modernized creative office with 5 glass conference rooms/offices.

  • Space is in Excellent Condition
  • Central Air Conditioning
  • Smoke Detector

6th Floor, Ste 612

Size 375 SF
Term Negotiable
Rental Rate Upon Request
Space Use Office
Condition Full Build-Out
Available Now

Suite 612 is composed of 375 RSF. It has 2 private rooms and is along an internal lightwell.

  • Rate includes utilities, building services and property expenses
  • Fully Built-Out as Standard Office
  • Open Floor Plan Layout
  • Finished Ceilings: 11’
  • Space is in Excellent Condition
  • Central Air Conditioning
  • Smoke Detector
  • 2 private rooms
  • Along internal lightwell

8th Floor, Ste 809

Size 1,505 SF
Term Negotiable
Rental Rate Upon Request
Space Use Office
Condition Full Build-Out
Available Now

Suite 809 is composed of 1,255 RSF. It has an open plan, with 2 private offices, kitchenette and has a window-line along internal lightwell. This efficient space is furnished with 8 desks/chairs and 2 conference room set ups.

  • Rate includes utilities, building services and property expenses
  • Fully Built-Out as Standard Office
  • Open Floor Plan Layout
  • 2 Conference Rooms
  • 8 Workstations
  • Finished Ceilings: 11’
  • Space is in Excellent Condition
  • Central Air Conditioning
  • Natural Light
  • Smoke Detector
  • Interior Windows with Natural Light
  • Refurbished Kitchenette
  • New Carpet & Paint

8th Floor, Ste 815

Size 642 SF
Term Negotiable
Rental Rate Upon Request
Space Use Office
Condition Full Build-Out
Available Now

Suite 815 is composed of 642 square feet. It is a single open room with a storage closet.

  • Rate includes utilities, building services and property expenses
  • Fully Built-Out as Standard Office
  • Open Floor Plan Layout
  • Finished Ceilings: 11’
  • Space is in Excellent Condition
  • Central Air Conditioning
  • Smoke Detector
  • Single open room
  • Storage closet

11th Floor, Ste 1100

Size 16,324 SF
Term Negotiable
Rental Rate Upon Request
Space Use Office
Condition Full Build-Out
Available Now

Suite 1100 has 1 private office/breakout room, 7 large conference rooms, ample open area, and an updated kitchen. There are 118 sit/stand desks.

  • Rate includes utilities, building services and property expenses
  • Fully Built-Out as Standard Office
  • Open Floor Plan Layout
  • 1 Private Office
  • 7 Conference Rooms
  • 118 Workstations
  • Finished Ceilings: 12’
  • Space is in Excellent Condition
  • Central Air Conditioning
  • Private Restrooms
  • Natural Light
  • Smoke Detector
  • 12 Ft Ceilings
  • Open Area
  • 7 Sides of Glass with Ample Natural Light
  • Updated Kitchen

14th Floor, Ste 1401

Size 2,803 SF
Term Negotiable
Rental Rate Upon Request
Space Use Office
Condition Full Build-Out
Available 2026-02-01

Suite has a total of 16 Offices, Breakout Room/Conference Rooms and there is 7 sides of glass with ample natural light.

  • Rate includes utilities, building services and property expenses
  • Fully Built-Out as Standard Office
  • Open Floor Plan Layout
  • 13 Private Offices
  • 2 Conference Rooms
  • Finished Ceilings: 12’
  • Plug & Play
  • Central Air Conditioning
  • Private Restrooms
  • Natural Light
  • Smoke Detector
  • 12 Ft Ceilings
  • Ample Natural Light
  • Modern All Hands Kitchen
  • Furnishings Available

MATTERPORT 3D TOURS

Explore the The Julia Morgan Ballroom

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PROPERTY OVERVIEW

The Merchants Exchange Building, located at 465 California Street, is San Francisco's Premier Historic Class A Building. The North Fidi staple has been a center of the city’s civic, economic, political, and cultural life for over 100 years. The building’s distinctive architecture, history of notable inhabitants, and ideal location have made it a prominent landmark. Currently offering office spaces ranging from 350 square feet to an entire floor spanning 16,300 square feet, the building has space in a variety of conditions, to meet all potential tenants with spaces that work for them. Furthermore, the company is vertically integrated and properly capitalized to complete any potential tenant buildout. With 24/7 security and best in class on-site professional management the engaged ownership treats tenants like partners. Businesses looking for world-class office space in Downtown San Francisco will find that the Merchants Exchange Building offers a central location, a modern infrastructure, and premier customer service.

  • 24 Hour Access
  • Atrium
  • Conferencing Facility
  • Storage Space
  • Air Conditioning
  • Smoke Detector

PROPERTY FACTS

Building Type
Office
Year Built
1903
LoopNet Rating
4 Star
Building Height
16 Stories
Building Size
241,106 SF
Building Class
A
Typical Floor Size
16,300 SF
Unfinished Ceiling Height
12’
Parking
Surface Parking

SELECT TENANTS

  • FLOOR
  • TENANT NAME
  • INDUSTRY
  • 1st
  • Mendocino Farms
  • Accommodation and Food Services

MARKETING BROCHURE

Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY AMENITIES

RESTAURANTS

Subway - - 2 min walk
Credo Italian $$ 1 min walk
Bob's Steak & Chophouse Steak $$$$ 2 min walk
Starbucks Cafe $ 3 min walk
Starbucks Cafe $ 3 min walk
Tadich Grill Grill $$$ 4 min walk

RETAIL

U.S. Bank Bank 2 min walk
Wells Fargo Bank 2 min walk
Walgreens Drug Store 2 min walk
FedEx Office Business/Copy/Postal Services 2 min walk
GameWorks Arcade 3 min walk
Orangetheory Fitness Fitness 3 min walk
Speedway Digital Printing Convenience Market 2 min walk
Bright Horizons Daycare 3 min walk
Citi Bank 3 min walk

HOTELS

Four Seasons
155 rooms
3 min walk
Luxury Collection
556 rooms
8 min walk
The Ritz Carlton Destination Club
25 rooms
8 min walk
Grand Hyatt
669 rooms
10 min walk
Marriott
401 rooms
11 min walk

ABOUT FINANCIAL DISTRICT

The Financial District is a dense commercial hub and part of San Francisco’s central business district. The area contains some of the city’s most iconic buildings, and businesses are attracted to the breathtaking views of the surrounding Bay Area that its trophy high-rise buildings offer. Many cafes and restaurants cater to the needs of the daytime workforce and evening visitors. Public transportation access is excellent, providing local businesses an opportunity to draw workers from throughout the Bay Area.

The neighborhood is heavily saturated with financial institutions, law firms, and several Fortune 500 companies. While other parts of downtown San Francisco have been transformed by an influx of tech companies in recent years, the Financial District remains a popular base for blue-chip financial, professional, and business services companies.

Most of the office inventory in the Financial District is high-end. The centrally located area’s premier office buildings are ideal for businesses seeking to employ the Bay Area’s best and brightest workers. Discerning tenants will pay a premium to operate in this dynamic and attractive environment.

  • Listing ID: 28711057

  • Date on Market: 2025-01-19

  • Last Updated:

  • Address: 465 California St, San Francisco, CA 94104

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