Tustin Amends Land Marketing Contract With CCP Advisors
City of TustinCity · Tustin, CA- Disclosed value
- Land Sale: 3.0% of gross purchase price up to first $10,000,000.00, 2.0% of gross purchase price between $10,000,000.00 to $20,000,000.00, 1.0% of gross purchase price exceeding $20,000,000.00; Ground Lease: 3.0% of total lease payments for Years 1-10 (capped at first 10 years)
- From agenda
- Document date
- May 20, 2025
The 30-second brief
The City of Tustin amended its agreement with CCP Real Estate Advisors to provide marketing and brokerage services for 52 acres of city-owned land. Commission will vary based on sale or ground lease structure, capped at 10 years for leases. The agreement ensures broker payment only at closing.
Ccp Real Estate Advisors holds this professional services contract with City of Tustin.
Term as filed: Until final disposition of property; commission paid at close of escrow or execution of ground lease.
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Contract details
- Contract type
- Professional Services
- Amount
- Land Sale: 3.0% of gross purchase price up to first $10,000,000.00, 2.0% of gross purchase price between $10,000,000.00 to $20,000,000.00, 1.0% of gross purchase price exceeding $20,000,000.00; Ground Lease: 3.0% of total lease payments for Years 1-10 (capped at first 10 years)
- Document date
- May 20, 2025
- Term
- Until final disposition of property; commission paid at close of escrow or execution of ground lease
- Vendor
- Ccp Real Estate Advisors
- Agency
- City of Tustin
- Source document
- City of Tustin Council Meeting Agenda May 2025 (Agenda)
Ccp Real Estate Advisors's other public contracts
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Questions about this contract
Who was awarded the professional services contract by City of Tustin?
Ccp Real Estate Advisors was awarded this professional services contract by City of Tustin, as recorded on May 20, 2025. The contract value is Land Sale: 3.0% of gross purchase price up to first $10,000,000.00, 2.0% of gross purchase price between $10,000,000.00 to $20,000,000.00, 1.0% of gross purchase price exceeding $20,000,000.00; Ground Lease: 3.0% of total lease payments for Years 1-10 (capped at first 10 years).
How much is the Ccp Real Estate Advisors contract with City of Tustin worth?
The Ccp Real Estate Advisors contract with City of Tustin is valued at Land Sale: 3.0% of gross purchase price up to first $10,000,000.00, 2.0% of gross purchase price between $10,000,000.00 to $20,000,000.00, 1.0% of gross purchase price exceeding $20,000,000.00; Ground Lease: 3.0% of total lease payments for Years 1-10 (capped at first 10 years), covering professional services work.
What type of contract is this?
This is a Professional Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in City of Tustin Council Meeting Agenda May 2025 (Agenda), dated May 20, 2025 from City of Tustin. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Ccp Real Estate Advisors hold?
Ccp Real Estate Advisors may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Tustin currently buying?
Explore City of Tustin's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.