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Chino council authorizes purchase of 2.38-acre site at 13272 6th Street for $2.5 million
Summary
The City Council approved acquisition of approximately 2.38 acres improved by a ~67,000 sq. ft. commercial building at 13272 6th Street for $2,500,000, including a $60,000 deposit and a 90-day due-diligence period; the Planning Commission previously found the acquisition consistent with the general plan.
The Chino City Council on April 21 approved a purchase-and-sale agreement to acquire a 2.38-acre parcel at 13272 6th Street for $2,500,000, with a $60,000 deposit and customary due-diligence protections.
City attorney Fred Galante briefed the council on the proposal, saying the seller’s appraisal and the city’s comparative analysis supported the $2.5 million valuation. The property is improved by an approximately 67,000-square-foot…
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