The Pomona Unified School District (“Owner”) owns a property known as “The Tower / East End” located at 1425 E. Holt Ave., Pomona, CA 91767. On April 18, 2018 the Pomona Unified School District’s Board of Education confirmed the surplus status of the Property and authorized staff to move forward with the process for sale, lease or development of the property.
On April 26, 2018, the Board took action to seek a waiver from the State Board of Education for a waiver of certain legal requirements otherwise applicable to surplus property sales or leases. This waiver will streamline procedures applicable to the disposition of surplus school property and will provide the District with the greatest possible flexibility in marketing the Property. It is anticipated that the waiver will be granted by the State Board at its meetings on July 11-12, 2018. If approved, the waiver will apply to Education Code sections 17473 and 17474, and to portions of sections 17455, 17466, 17469, 17472 and 17475.
A PROPOSER SHALL SUBMIT A DIGITAL OFFER PACKAGE IN ELECTRONIC FORMAT AT, OR BEFORE, 4:00 P.M. ON JULY 20, 2018. SEE THE PROPOSAL REQUIREMENTS SECTION OF THE OFFERING MEMORANDUM FOR ADDITIONAL INFORMATION.
The Property (also known as “The Tower/East End”) is composed of five parcels totaling 3.03 acres, owned by Pomona Unified School District. The Tower parcel is 0.67 acres located on the east side of the Property there is a five story building being used by the owner currently as office space and storage. The other four parcels comprise the “East End” property and equal 2.36 acres of vacant land. From at least the 1930s to 1953, the Property was primarily used for single-family residential and agricultural (orchard) purposes. The Property has previously been used for commercial purposes since the 1950s. Between 2000 and 2005, the car dealership/ repair facility and commercial store buildings were demolished.
The +37,600 sq.ft. building includes a freight and passenger elevator, a roll-up door and three floors of warehouse space in addition to the ground floor lobby, geology workshop and multiple offices. There is paved parking behind the existing building. Both the Tower parcel (which includes the commercial building) and the East End parcels (the vacant land and some parking) are available for sale or lease. Interested parties may submit offers for the entire Property or just certain parcels.