Project Information
Client
Union School District
Location
San Jose, CA
Project Size
16 Properties Evaluated
Dates
2020 – to present
Project Notes
Terra Realty Advisors evaluated all of the Union School District sites and provided options and recommendations for board consideration to generate additional funding for the district. TRA evaluated 16 sites, including the current district office, and provided an analysis on each property, including zoning, marketing viability, and legal impact of current lease agreements on some sites, along with the impact of current school enrollment and site use. From that analysis TRA provided a more extensive range of values for 5 potential sites, along with development scenarios and a range of values and returns to the district associated with each option.
Highlights
- Engaged by Union School District to evaluate all district sites for revenue-generating opportunities
- Assessed 16 properties, including the district office, for zoning, market viability, lease impacts, and enrollment considerations
- Provided detailed analysis with development scenarios for 5 potential sites
- Delivered a range of values and projected returns for each option to aid the board’s decision
- Currently in escrow with a 2026 closing dates for two sites. Total value of $33,000,000
