This Government Contract opportunity from General Services Administration was posted on April 5, 2022. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Award Synopsis
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The General Services Administration has awarded a lease contract to Assem Family Limited Partnership for approximately 3,550 ANSI/BOMA Office Area square feet of office space located at 2030 N State Highway 360, Grand Prairie, Texas. The total contract value is 1,974,223.40 dollars for a 17-year term, which includes a 15-year firm period. The financial structure of the agreement is based on a total rate of 31.59 dollars per square foot, comprising 18.88 dollars for shell rent, 9.88 dollars for operating costs, 2.38 dollars for TIA amortization, and 0.45 dollars for lessor overhead and fees. The contract utilizes a 5.00 percent discount rate and a 2.50 percent escalation rate for both rent and parking, resulting in a composite net present value of 22.87 dollars per square foot.
General Info
Contract Value
$1,974,223.4Place of Performance
TXSet-Aside
Award Issued Date
Documents
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Timeline
Submission Closed
Organization & Contact Information
Full Description
More opportunities from General Services Administration → Pbs R7 Office Of Leasing
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