16.71-Acre Long-Term Ground Lease Opp 7300 La Palma Ave

Rare 16.71-Acre In-Fill Residential Development Opportunity. Open house tours are scheduled for 11/14 and 11/16 from 11:00am to 1:00pm. Please confirm if you plan to attend. This property is available as a long-term ground lease (up to 99 years). It is not for sale. Zoned RS-6 (“Single-Family Residential”) which allows up to 7.26 single-family dwelling units per acre. Commercial uses might be considered by the City-please confirm. Level, Rectangular Lot; 660’ (Street Frontage) x 1,098’ (Depth). La Palma Traffic Count: 22,268 Vehicles/Day. Located Minutes from Buena Park’s Beach Boulevard Entertainment Corridor. Owner may prefer Proposals which include leasing the entire Property but is willing to entertain Proposals for leasing less than the entire Property. The existing buildings were constructed in 1957, and subsequently closed in 2010. The site will be delivered free of tenants. The offering is going out unpriced. Agents are required to seek their fee from their clients. The Education Code requires the Owner ("District") to follow a specific procedure to lease surplus District Property which includes a public competitive bid process. However, the District is seeking a waiver from the California Department of Education which will allow the District to use an alternative “Request for Proposal” procedure in which the District seeks proposals from any party interested in leasing the District Property pursuant to the conditions set forth in the District’s Request for Proposal (“RFP”). Therefore, the District’s ultimate lease of the Property pursuant to the RFP is contingent upon the receipt by the District of the anticipated waiver. The District anticipates receiving approval between November 2023 to January 2024. The date in the RFP for approval is November 2023. That is a typo. The District reserves the right to remove the Property from the market, and reject any submitted proposal, in the very unlikely event that the District’s waiver is denied, delayed, or otherwise not approved for any reason. Please refer to the attached REQUEST FOR PROPOSALS FOR THE GROUND LEASE OF REAL PROPERTY (RFP #2023-24-01) (“RFP”), and Addendum #1 to the RFP, which outline the process for submitting your Proposal, as well as other very important details. Responses to the RFP must be submitted to the District, on or before 4:00 p.m. (PST), on December 8, 2023 (the “Proposal Deadline”). We are currently seeking to extend the deadline date into December.