This Government Contract opportunity from General Services Administration was posted on December 23, 2019. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Award Notice for Athens, GA - 7GA2240 - SSA
Contract Overview
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The General Services Administration has awarded a new lease to Milledge Partners, LLC for the Social Security Administration in Athens, Georgia. The agreement covers 13,392 rentable square feet, providing a minimum of 11,643 ANSI/BOMA office area square feet. The lease term spans 15 years, from April 7, 2020, through April 6, 2035, with the first 10 years designated as firm. The government maintains the option to terminate the lease after April 6, 2035, provided a 90-day written notice is given to the lessor. Financial obligations for the fully serviced lease are structured in five-year increments. From April 7, 2020, to April 6, 2025, the annual rent is 466,577.28 dollars. For the period of April 7, 2025, to April 6, 2030, the annual rent increases to 479,932.00 dollars. For the final period from April 7, 2030, to April 6, 2035, the annual rent is 429,712.00 dollars. These payments are divided between a variable shell rental and a consistent annual operating rent of 115,000.00 dollars throughout the 15-year duration.
General Info
Contract Value
$6,881,106.4Place of Performance
DCSet-Aside
Award Issued Date
Documents
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Timeline
Submission Closed
Organization & Contact Information
Full Description
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