Commercial Property Management Services For Mission Square Building

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Title:  

Commercial Property Management Services For Mission Square Building

Agency:  

City of Riverside

State:  

California

NAICS Code:  

53131

Industry:  

Real Estate

Solicitation Type:  

Request for Proposal

Solicitation ID:  

RFP No. 2498

Open Date:  

8/8/2025

Questions Due Date:  

8/18/2025

Close Date:  

9/4/2025

Projected Award Date:  

9/24/2025

Project Duration:  

5 years

Last Updated:  

9/2/2025

Description:
The City of Riverside is seeking a qualified company to provide commercial property management services for the Mission Square Building. The selected company will be responsible for managing the daily operations of the building, including rent collection, maintenance, and repairs. The company will also be responsible for providing leasing services and coordinating with tenants. The contract term is for 5 years, with an option to extend for an additional 5 years. • The company must have at least 5 years of experience in providing similar services. • The company must have a valid California Broker's License. • The company must provide evidence of insurance and register with the Department of Industrial Relations. • The company must comply with all applicable laws and regulations, including prevailing wage laws. • The company must provide a detailed proposal, including a breakdown of costs and a description of the services to be provided.
Attached Files:

Please visit the bid source via the “Link to Bid Source” button below for documentation.

Contact Information:

Luz Granados(Procurement & Contract Specialist)

lgranados@riversideca.gov

(951) 826-5154

Budget Estimate (AI):

$500,000 – $2,000,000

The estimated budget for this contract is likely in the range of $500,000 to $2 million per year, based on the scope of services and the size of the building. The actual budget will depend on the company's proposed fees and the city's budget for the project. Factors that may influence the budget include the company's experience and qualifications, the level of competition for the contract, and the city's priorities for the project.

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