This Government Contract opportunity from General Services Administration was posted on August 10, 2015. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
24 month lease extension
Contract Overview
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This lease agreement, awarded on July 30, 2015, by the General Services Administration, secures a warehouse facility located at 6544 Warren Drive, Norcross, Georgia. The property, owned by First Industrial Realty Trust, Inc., consists of 22,848 rentable square feet and includes ten surface parking spaces. The contract establishes a total term of two years beginning August 14, 2016, with a firm term of one year and no additional options for renewal. Financial terms for the first year set the total annual rent at 193,443.38 dollars, increasing to 194,606.65 dollars in the second year. This cost is divided between a shell rent rate and a base operating rent, the latter of which is subject to a 2.5 percent annual increase. The government maintains the right to cancel the lease after August 15, 2017, provided they give the lessor 60 days written notice. Additional provisions include an overtime HVAC rate of 20 dollars per hour and no allowance for tenant improvements.
General Info
Contract Value
$388,050Place of Performance
GASet-Aside
Award Issued Date
Documents
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Timeline
Submission Closed
Organization & Contact Information
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