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City of Montebello secures option to repurchase property

City of Montebello logoCity of Montebello
Disclosed value
$3,500,000 - $4,000,000
From contract
Document date
Aug 1, 2025
Term
24 months

The 30-second brief

What it covers

Primestor Development has granted the City of Montebello an option to sell the property back to the City. The purchase price varies from $3,500,000 to $4,000,000 depending on the month of exercise within the 24-month Put Period, plus out-of-pocket closing costs.

Who holds it

Primestor Development holds this real estate contract with City of Montebello. Its other public contracts on record include work for City of Huntington Park and City of Cudahy.

What happens next

Term as filed: 24 months.

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Contract details

Contract type
Real Estate
Amount
$3,500,000 - $4,000,000
Document date
August 1, 2025
Term
24 months
Vendor
Primestor Development
Agency
City of Montebello
Source document
put_agreement_no_4395_city_of_montebello.pdf (Contract)

Primestor Development's other public contracts

City of Huntington Park, CaliforniaPrimestor Development Billing Flagged In Audit · Nov 12, 2025UndisclosedCity of Huntington Park, CaliforniaAudit Questions Primestor Development Billing and Amendments · Nov 12, 2025UndisclosedCity of Cudahy, CaliforniaCity of Cudahy approves $1.55M real property purchase · Sep 24, 2025$1.5MCity of Montebello, CaliforniaMontebello approves Put Agreement with Primestor Development · Aug 25, 2025UndisclosedCity of Santa Fe Springs, Californiacity-of-santa-fe-springs-agenda-2024-10-01_746.pdf · Oct 1, 2024UndisclosedAll Primestor Development contractsVendor profile

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Questions about this contract

Who was awarded the real estate contract by City of Montebello?

Primestor Development was awarded this real estate contract by City of Montebello, as recorded on August 1, 2025. The contract value is $3,500,000 - $4,000,000.

How much is the Primestor Development contract with City of Montebello worth?

The Primestor Development contract with City of Montebello is valued at $3,500,000 - $4,000,000, covering real estate work.

What type of contract is this?

This is a Real Estate contract, documented as a contract record.

Where was this contract approved?

This contract appears in put_agreement_no_4395_city_of_montebello.pdf (Contract), dated August 1, 2025 from City of Montebello. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Primestor Development hold?

Primestor Development 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 Montebello currently buying?

Explore City of Montebello's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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