The 2800 Ocala Ave educational campus totals 37,296 SF across five buildings on 1.35 acres in the Ocala neighborhood of southeast San Jose. The campus can accommodate up to 470 students and enjoys the non-exclusive use of the parking and athletic facilities shared with adjacent Alum Rock Union Elementary School District (ARUESD). In 2015, improvements were made to add two new steel frame modular structures with 9 classrooms, covered walkways adjacent to each structure, a covered lunch area, a new concrete courtyard, and an outdoor amphitheater. Additionally, a 21,996 SF multi-purpose building was added to include an assembly area, gymnasium, cafeteria, technology lab, computer lab, locker rooms, several small offices and storage areas. Please see Ground Lease Summary for additional details. The buildings sit on a 30-year and 6-month ground-lease with Alum Rock Union Elementary School District (ARUESD) through July 31st, 2045, with three, successive five-year renewal options, which extends the term through July 31st, 2060. In addition to the purchase of the leasehold improvements, the Buyer will be responsible for ground-lease payments. The Property is expected to be sold pursuant to the existing authorities of a court appointed receiver and sale will be subject to final court approval.