Acquisition of Real Property at 1388 Bancroft Avenue, San Leandro, CA 94577

The San Leandro Unified School District is acquiring real property located at 1388 Bancroft Avenue, San Leandro, California, 94577, under a purchase agreement with a fixed purchase price of $4,620,000. The transaction is governed by a real estate agreement rather than federal procurement regulations, and while the contract is listed as a forecast with a posted date of January 12, 2026, it does not follow the structure of a federal contract under the FAR. The acquisition is subject to a 90-day diligence period following the opening of escrow, during which the District conducts environmental, geotechnical, structural, and title inspections, including Phase I and potentially Phase II Environmental Site Assessments, asbestos and lead paint surveys, ALTA/NSPS land title surveys, and compliance reviews under the California Environmental Quality Act. Final acceptance is contingent upon the District’s sole and absolute discretion, formalized through the issuance of a Notice of Approval prior to the Close of Escrow, which is scheduled no later than 120 days after the Effective Date. The seller, Thomas R Silva, is required to provide full access to the property and all relevant documentation, disclose potential hazardous substances, and maintain representations and warranties throughout the transaction. Closing costs and transfer taxes are allocated per agreed terms, and electronic signatures are recognized as legally binding. The agreement includes stipulations on liquidated damages—$100,000 for buyer default—force majeure extensions for unforeseen events, mandatory arbitration for dispute resolution, and a waiver of specific performance if not asserted within 90 days. All contractual obligations, including indemnities and representations, survive closing for the duration of applicable statutes of limitations. The property will be transferred by grant deed upon satisfaction of all contingencies, with no options, line-item pricing, or federal invoicing or appropriation data involved. Communication must be directed to the District’s office at 2600 Teagarden Street, San Leandro, CA 94577, with primary contact Aaron Kerrigan, Assistant Superintendent of Facilities and Operations, and legal counsel Sarine A. Abrahamian representing the District.