Property sold to group of Hayward developers
San Francisco’s only Ford dealership is due to close next month.
S&C Motors Inc. will shut down the S&C Ford dealership at 2001 Market St. in November and transfer operation of its service facility on 211 Industrial St. to another firm, Ford Motor Co. (F) spokesman John Clinard said.
S&C Motors owner Ray Siotto submitted his resignation to close the franchised dealership in late September, Clinard said.
Some 89 employees are due to be laid off Nov. 19, according to records filed with the state Employment Development Department. S&C Motors Inc. is at least 35 years old, with Bank of America financing dating back to 1968, according to California Uniform Commercial Code records.
Siotto declined to comment.
On Sept. 15, S&C Motors sold its property at 2001 Market St. for an undisclosed sum to Greenridge SF LLC, Gatehouse LLC and Garwood LLC, all of which list Hayward developer Joseph Felson as their agent of record. His Felson Cos. Inc. manages multifamily apartments in Hayward, Castro Valley, San Leandro and Fremont. Workers at Felson Cos. referred queries to The Prado Group, a San Francisco developer; a representative for the Prado Group could not be reached by press time. The building was assessed by The City at $3,069,555 for the current fiscal year.
"I know that one thing that has affected a number of dealerships in San Francisco is the rapidly expanding value of real estate," Clinard said, adding that the business was in no financial trouble. "The dealership’s been doing very well. He has done an exceptional job with the Ford Escape Hybrid."
Ford hopes to establish another dealership in San Francisco and is looking for a location, he added.
"We do not want to abandon San Francisco by any means. We are in fact working on a transition plan," Clinard said.
South City Ford of South San Francisco will take over the service facility on Industrial Street, and business will continue there for past S&C Ford customers, Clinard said. South City Ford General Manager Mark Arena declined to comment on whether he would be hiring any of the former S&C firstname.lastname@example.org