Coast Community College District Office Awards Facilities Contract to Hong Financial Services (November 2025)

The Board approved a five-year land lease with Hong Financial Services for Suite 140 at Coastline’s Newhope Street property, generating $375,012 in rent from November 1, 2025 through October 31, 2030, with a single five-year renewal option. The District will pay a $22,500.72 commission to its broker, Lee & Associates – Ontario.

Scope & details

The full contract record, as filed.

Contract amount

$375,012 lease revenue over 5 years; broker commission $22,500.72

Contract type

FACILITIES

Contract term

November 1, 2025 - October 31, 2030, with one 5-year renewal option

Renewal date

2030-10-31

Renewal

Lease provides one option to renew for an additional five-year term beyond October 31, 2030, under terms specified in the lease document.

Document type

Agenda

Source document

Coast Community College District Agenda Regular Meeting of the Board of Trustees 2025-11-19

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coast-community-college-district-board-of-trustees-agenda-november-19-2025_1ab.md

APPROVED

Golden West College, California$375,012 lease revenue over 5 years; broker commission $22,500.72Nov 19, 2025

Coast Community College District Regular Meeting Minutes 2025-11-19

APPROVED

Coast Community College District Office, CaliforniaNov 19, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Coast Community College District Office?

Hong Financial Services was awarded this facilities contract by Coast Community College District Office, as recorded on November 19, 2025. The contract value is $375,012 lease revenue over 5 years; broker commission $22,500.72.

How much is the Hong Financial Services contract with Coast Community College District Office worth?

The Hong Financial Services contract with Coast Community College District Office is valued at $375,012 lease revenue over 5 years; broker commission $22,500.72, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Coast Community College District Agenda Regular Meeting of the Board of Trustees 2025-11-19 (Agenda), dated November 19, 2025 from Coast Community College District Office. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hong Financial Services hold?

Hong Financial Services may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Hong Financial Services's profile

What is Coast Community College District Office currently buying?

Explore Coast Community College District Office's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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