WEST CAMPUS OPPORTUNITY
Mahoney & Associates is honored to represent the University of California Regents in the offering of a rare “Business Park” development opportunity in the Monterey Bay Area. The “West Campus” property is strategically located between the Monterey Peninsula, the Agricultural Hub of Salinas and the vibrant Santa Cruz County areas and is zoned as “Business Park”.
AREA DESCRIPTION
In 1994, The University of California, Santa Cruz (UCSC) received nearly 1,100 acres of land from the U.S. Army on the former Fort Ord. 500 acres has been the focus of a collaborative research-business development by UCSC and the University has slated the remaining 600 acres as protected habitat, which is now managed by the Fort Ord Natural Reserve (FONR). After the development of the Monterey Bay Education Science & Technology (MBEST) Center and infrastructure on the Central North Campus, to be developed as an R&D campus, a visioning exercise with broad input from community leaders took place in 2011, recommending the non-habitat lands other than the Central North Campus be put up for development to generate jobs. With continual collaboration between UCSC, the Fort Ord Reuse Authority (FORA), the County of Monterey and the City of Marina, a development strategy has emerged, making the West Campus available for purchase. The vision long held by UCSC for economic development in the region will be manifested with this offering.
PROPERTY DESCRIPTION
West Campus property is comprised of 3 lots totaling approximately 49.63 acres and is irregular in shape. The site is bounded by Reservation Road to the south, Imjin Road to the east, Neeson Road to the north, and Fort Ord Natural Reserve (FONR) to the west. The Property is unimproved, except for 1) 75,000 SF, surface parking lot located at the southwest corner of Imjin Road and Neeson Road, which is currently subject to a license agreement for its use; and 2) a 174,000 SF asphalt area containing a 12’ X 30’ concrete building, of which approximately 90,000 SF of this area is fenced. There is also a second fence on the property that is located off the property line.
Price: Make an Offer
Sealed Bid Sale Information:
Upon signing and submitting a bidder registration form, prospective bidders will be granted access to the full Bid Package. Please contact agent, Alison Goss or Patrick Stafford, for access.
Key Sealed Bid Dates:
1) Bid Deadline - 5:00 PM July 17, 2018
2) Bid Deposit - Shall be submitted with bid.
3) Bid Opening - 10:00 Am July 18, 2018
4) Due Diligence Period - July 18, 2018 - 5:00 PM September 7, 2018
5) Close of Escrow - On or before September 19, 2018
The addition of any condition or contingency to the bid form will invalidate your bid. Only all cash bids will be considered for the property.
