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 Kinston, NC - 6NC0134 - SSA
Contract Overview
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The General Services Administration has awarded a new lease to Wise Developments, LLC for the Social Security Administration in North Carolina. The agreement covers 6,632 rentable square feet, providing a minimum of 6,212 ANSI/BOMA office area square feet. The lease term spans ten years, from July 1, 2019, through June 30, 2029, with the first five years designated as firm. The government maintains the right to terminate the lease after August 31, 2029, provided a 90-day written notice is given to the lessor. Financial terms for the fully serviced lease are structured in phases. Following an initial period of no rent from July 1, 2019, to August 31, 2019, the annual rent is set at 147,959.92 dollars from September 1, 2019, through August 31, 2024, and increases to 152,928.00 dollars from September 1, 2024, through August 31, 2029. This total consists of a shell rental of 104,459.92 dollars annually for the first five years and 109,428.00 dollars annually for the final five years, combined with a consistent annual operating rent of 43,500.00 dollars throughout the ten-year term.
General Info
Contract Value
$715,139.61Place of Performance
DCSet-Aside
Award Issued Date
Documents
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Timeline
Submission Closed
Organization & Contact Information
Full Description
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